Medley Capital Corp. (NYSE:MCC) released its earnings data on Tuesday. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.05, AnalystRatingsNetwork reports. The company had revenue of $27.47 million for the quarter, compared to the consensus estimate of $25.21 million. The company’s quarterly revenue was up 95.2% on a year-over-year basis.
Shares of Medley Capital Corp. (NYSE:MCC) opened at 13.97 on Wednesday. Medley Capital Corp. has a 52-week low of $12.82 and a 52-week high of $16.25. The stock’s 50-day moving average is $14. and its 200-day moving average is $13.91. The company has a market cap of $464.2 million and a price-to-earnings ratio of 11.66.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.59%. The ex-dividend date is Wednesday, November 20th.
A number of analysts have recently weighed in on MCC shares. Analysts at National Securities initiated coverage on shares of Medley Capital Corp. in a research note to investors on Monday, October 21st. They set a “buy” rating on the stock. On the ratings front, analysts at TheStreet upgraded shares of Medley Capital Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, October 1st. Finally, analysts at UBS AG cut their price target on shares of Medley Capital Corp. from $17.50 to $15.00 in a research note to investors on Wednesday, September 25th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $15.20.
Medley Capital Corporation, formerly Medley Capital BDC LLC, is a non-diversified, closed-end management investment company.
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