Lorber David A increased its stake in shares of Medley Capital Corp (NYSE:MCC) by 28.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,510 shares of the investment management company’s stock after purchasing an additional 9,241 shares during the quarter. Medley Capital comprises about 0.3% of Lorber David A’s portfolio, making the stock its 10th biggest position. Lorber David A owned 0.08% of Medley Capital worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCC. JPMorgan Chase & Co. raised its position in shares of Medley Capital by 118.9% during the third quarter. JPMorgan Chase & Co. now owns 59,902 shares of the investment management company’s stock valued at $229,000 after buying an additional 32,539 shares during the last quarter. BlackRock Inc. raised its position in shares of Medley Capital by 9.4% during the third quarter. BlackRock Inc. now owns 264,349 shares of the investment management company’s stock valued at $1,010,000 after buying an additional 22,621 shares during the last quarter. LPL Financial LLC raised its position in shares of Medley Capital by 135.9% during the third quarter. LPL Financial LLC now owns 180,310 shares of the investment management company’s stock valued at $689,000 after buying an additional 103,876 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Medley Capital by 73.1% during the third quarter. Mackenzie Financial Corp now owns 135,850 shares of the investment management company’s stock valued at $519,000 after buying an additional 57,380 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Medley Capital by 41.3% during the third quarter. Morgan Stanley now owns 429,446 shares of the investment management company’s stock valued at $1,640,000 after buying an additional 125,469 shares during the last quarter. 25.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of MCC opened at $3.20 on Friday. Medley Capital Corp has a 52 week low of $2.59 and a 52 week high of $4.38. The company has a debt-to-equity ratio of 1.30, a current ratio of 6.19 and a quick ratio of 6.19. The stock has a market cap of $174.32 million, a PE ratio of 13.91 and a beta of 1.45.
Medley Capital (NYSE:MCC) last posted its quarterly earnings results on Monday, February 11th. The investment management company reported $0.03 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. Medley Capital had a negative net margin of 147.47% and a positive return on equity of 2.32%. The firm had revenue of $14.20 million during the quarter, compared to analyst estimates of $15.29 million. Equities analysts predict that Medley Capital Corp will post -0.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Friday, February 22nd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.25%. The ex-dividend date was Thursday, February 21st. Medley Capital’s dividend payout ratio (DPR) is presently 86.96%.
Separately, Zacks Investment Research raised shares of Medley Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 6th.
About Medley Capital
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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