Medley Capital Corp (MCC) Releases Earnings Results, Misses Expectations By $-0.06 EPS

Medley Capital Corp (MCC) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $0.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $0.26. The company posted revenue of $28.41 million in the period, compared to analysts expectations of $30.36 million. The company’s revenue was down -21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Medley Capital Corp closed down -0.06 points or -0.82% at $7.23 with 3,83,947 shares getting traded on Monday. Post opening the session at $7.34, the shares hit an intraday low of $7.2 and an intraday high of $7.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Dec 15, 2015, Robert K Lyons (director) purchased 2,000 shares at $7.24 per share price. According to the SEC, on Jun 1, 2015, Brook Taube (CEO) purchased 25,000 shares at $9.39 per share price. On Jun 1, 2015, Seth Taube (director) purchased 25,000 shares at $9.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Medley Capital Corporation is a non-diversified closed end management investment company. The Company’s 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 Company’s 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 Company’s investment activities are managed by the investment adviser MCC Advisors LLC.

Medley Capital Corp

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