Guggenheim Capital LLC lowered its position in Medley Capital Corp (NYSE:MCC) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 549,678 shares of the investment management company’s stock after selling 37,815 shares during the period. Guggenheim Capital LLC owned 1.01% of Medley Capital worth $2,869,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Roumell Asset Management LLC boosted its holdings in Medley Capital by 125.9% in the fourth quarter. Roumell Asset Management LLC now owns 984,550 shares of the investment management company’s stock worth $5,139,000 after acquiring an additional 548,680 shares in the last quarter. American Financial Group Inc. raised its stake in shares of Medley Capital by 3.4% in the fourth quarter. American Financial Group Inc. now owns 2,274,013 shares of the investment management company’s stock worth $11,870,000 after purchasing an additional 74,155 shares during the last quarter. BlackRock Inc. raised its stake in shares of Medley Capital by 7.6% in the fourth quarter. BlackRock Inc. now owns 350,650 shares of the investment management company’s stock worth $1,830,000 after purchasing an additional 24,856 shares during the last quarter. Rational Advisors LLC purchased a new stake in shares of Medley Capital in the fourth quarter worth approximately $2,442,000. Finally, Cue Financial Group Inc. raised its stake in shares of Medley Capital by 77.1% in the fourth quarter. Cue Financial Group Inc. now owns 357,600 shares of the investment management company’s stock worth $1,866,000 after purchasing an additional 155,700 shares during the last quarter. Institutional investors and hedge funds own 31.54% of the company’s stock.
Shares of NYSE MCC opened at $4.20 on Tuesday. Medley Capital Corp has a 1-year low of $3.94 and a 1-year high of $7.89. The company has a debt-to-equity ratio of 1.11, a current ratio of 5.02 and a quick ratio of 5.02. The firm has a market cap of $220.08, a price-to-earnings ratio of 6.27, a PEG ratio of 1.47 and a beta of 1.21.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Wednesday, February 21st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 15.24%. The ex-dividend date was Tuesday, February 20th. Medley Capital’s payout ratio is currently 95.52%.
MCC has been the subject of several analyst reports. ValuEngine downgraded Medley Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet downgraded Medley Capital from a “c-” rating to a “d+” rating in a research report on Thursday, March 1st. Barclays decreased their price target on Medley Capital from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Zacks Investment Research raised Medley Capital from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, National Securities reduced their price objective on Medley Capital from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.63.
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Medley Capital Company Profile
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, primarily through directly originated transactions to help these companies expand their business, refinance and make acquisitions.
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