Medley Capital Corp (MCC) : Pvg Asset Management reduced its stake in Medley Capital Corp by 4.45% during the most recent quarter end. The investment management company now holds a total of 1,859,129 shares of Medley Capital Corp which is valued at $12.3 Million after selling 86,617 shares in Medley Capital Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.Medley Capital Corp makes up approximately 4.77% of Pvg Asset Management’s portfolio.
Other Hedge Funds, Including , West Family Investments boosted its stake in MCC in the latest quarter, The investment management firm added 122,118 additional shares and now holds a total of 444,851 shares of Medley Capital Corp which is valued at $3 Million. Medley Capital Corp makes up approx 0.57% of West Family Investments’s portfolio.Sunbelt Securities boosted its stake in MCC in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 233 shares of Medley Capital Corp which is valued at $1,547. Tfs Capital added MCC to its portfolio by purchasing 17,069 company shares during the most recent quarter which is valued at $113,338. Medley Capital Corp makes up approx 0.02% of Tfs Capital’s portfolio.Cambridge Investment Research Advisors boosted its stake in MCC in the latest quarter, The investment management firm added 30,893 additional shares and now holds a total of 158,490 shares of Medley Capital Corp which is valued at $1 Million. Medley Capital Corp makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio.
Medley Capital Corp opened for trading at $6.62 and hit $6.79 on the upside on Friday, eventually ending the session at $6.69, with a gain of 1.36% or 0.09 points. The heightened volatility saw the trading volume jump to 6,17,479 shares. Company has a market cap of $366 M.
On the company’s financial health, Medley Capital Corp reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.28.Analysts expectations of $ 33.59.During the same quarter in the previous year, the company posted $0.30 EPS.
Many Wall Street Analysts have commented on Medley Capital Corp. Shares were Reiterated by FBR Capital on May 9, 2016 to “Mkt Perform” and Lowered the Price Target to $ 7 from a previous price target of $8.50 .
Medley Capital Corporation is a non-diversified closed end management investment company. The Companys investment objective is to generate current income and capital appreciation by lending directly to privately held middle market companies through directly originated transactions to help these companies expand their business refinance and make acquisitions. The Companys investment portfolio consists of senior secured first lien loans and senior secured second lien loans. The Company invests in portfolio companies principally located in North America. The Companys investment activities are managed by the investment adviser MCC Advisors LLC.