Advisors Asset Management Inc. Cuts Holdings in Medley Capital Corp (MCC)

Advisors Asset Management Inc. cut its holdings in shares of Medley Capital Corp (NYSE:MCC) by 4.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 429,657 shares of the investment management company’s stock after selling 22,276 shares during the period. Advisors Asset Management Inc. owned 0.79% of Medley Capital worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Legal & General Group Plc lifted its position in Medley Capital by 18.1% during the 1st quarter. Legal & General Group Plc now owns 198,160 shares of the investment management company’s stock valued at $790,000 after purchasing an additional 30,414 shares during the period. Greenwich Investment Management Inc. acquired a new position in Medley Capital during the 2nd quarter valued at about $657,000. Royal Bank of Canada increased its stake in shares of Medley Capital by 49.2% in the 1st quarter. Royal Bank of Canada now owns 122,146 shares of the investment management company’s stock valued at $486,000 after acquiring an additional 40,257 shares during the last quarter. Highland Capital Management LP bought a new stake in shares of Medley Capital in the 2nd quarter valued at about $339,000. Finally, LPL Financial LLC increased its stake in shares of Medley Capital by 31.7% in the 1st quarter. LPL Financial LLC now owns 80,121 shares of the investment management company’s stock valued at $319,000 after acquiring an additional 19,304 shares during the last quarter. Institutional investors own 25.33% of the company’s stock.

Shares of MCC stock opened at $3.71 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 11.00 and a quick ratio of 11.00. The stock has a market capitalization of $202.10 million, a PE ratio of 5.54 and a beta of 1.13. Medley Capital Corp has a one year low of $3.35 and a one year high of $5.88.



Medley Capital (NYSE:MCC) last announced its quarterly earnings results on Thursday, August 9th. The investment management company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The company had revenue of $13.95 million during the quarter, compared to the consensus estimate of $18.23 million. Medley Capital had a negative net margin of 134.96% and a positive return on equity of 5.03%. As a group, sell-side analysts expect that Medley Capital Corp will post 0.27 earnings per share for the current fiscal year.

A number of analysts have recently commented on MCC shares. Zacks Investment Research raised Medley Capital from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. National Securities reaffirmed a “neutral” rating and issued a $3.00 price target on shares of Medley Capital in a research note on Wednesday, August 15th. Five investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $4.67.

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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Institutional Ownership by Quarter for Medley Capital (NYSE:MCC)

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