Wall Street brokerages expect Medley Capital Corp (NYSE:MCC) to announce $11.76 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Medley Capital’s earnings, with estimates ranging from $10.85 million to $12.67 million. Medley Capital posted sales of $13.95 million in the same quarter last year, which suggests a negative year-over-year growth rate of 15.7%. The company is expected to issue its next quarterly earnings report on Thursday, August 8th.
According to Zacks, analysts expect that Medley Capital will report full-year sales of $49.69 million for the current financial year, with estimates ranging from $48.00 million to $51.38 million. For the next year, analysts expect that the company will report sales of $47.32 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Medley Capital.
Medley Capital (NYSE:MCC) last issued its earnings results on Friday, May 10th. The investment management company reported $0.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.01. The business had revenue of $12.59 million during the quarter, compared to analysts’ expectations of $13.65 million. Medley Capital had a negative net margin of 151.74% and a positive return on equity of 1.57%.
Shares of NYSE MCC traded up $0.02 during mid-day trading on Friday, reaching $2.64. The company’s stock had a trading volume of 3,180 shares, compared to its average volume of 99,341. The stock has a market capitalization of $142.71 million, a price-to-earnings ratio of 11.44 and a beta of 1.52. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 1.43. Medley Capital has a 1-year low of $2.59 and a 1-year high of $4.03.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Medley Capital by 9.4% in the third quarter. BlackRock Inc. now owns 264,349 shares of the investment management company’s stock valued at $1,010,000 after purchasing an additional 22,621 shares during the period. FrontFour Capital Group LLC boosted its stake in Medley Capital by 31.6% during the fourth quarter. FrontFour Capital Group LLC now owns 2,005,321 shares of the investment management company’s stock worth $5,334,000 after buying an additional 481,588 shares during the period. Janney Montgomery Scott LLC boosted its stake in Medley Capital by 33.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 24,951 shares of the investment management company’s stock worth $66,000 after buying an additional 6,195 shares during the period. PFG Advisors boosted its stake in Medley Capital by 260.4% during the fourth quarter. PFG Advisors now owns 194,595 shares of the investment management company’s stock worth $615,000 after buying an additional 140,595 shares during the period. Finally, Morgan Stanley boosted its stake in Medley Capital by 41.3% during the third quarter. Morgan Stanley now owns 429,446 shares of the investment management company’s stock worth $1,640,000 after buying an additional 125,469 shares during the period. 25.04% of the stock is owned by hedge funds and other institutional investors.
Medley Capital Company Profile
Medley Capital Corporation is a business development company. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.
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