Revenue Update on Medley Capital Corp(NYSE:MCC)

Medley Capital Corp(NYSE:MCC) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $28.41M. Analysts estimated a revenue of $30.15M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.26.

Medley Capital Corp (MCC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.93% or 0.07 points. Due to strong positive momentum, the stock ended at $7.57, which is also near the day’s high of $7.59. The stock began the session at $7.5 and the volume stood at 4,97,638 shares. The 52-week high of the shares is $8.77 and the 52 week low is $5.26. The company has a current market capitalization of $415 M and it has 5,47,63,411 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 15, 2015, Robert K Lyons (director) purchased 2,000 shares at $7.24 per share price.Also, On Jun 1, 2015, Brook Taube (CEO) purchased 25,000 shares at $9.39 per share price.On Jun 1, 2015, Seth Taube (director) purchased 25,000 shares at $9.37 per share price, according to the Form-4 filing with the securities and exchange commission.

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 through directly originated transactions to help these companies expand their business refinance and make acquisitions. The Company’s investment portfolio consists of senior secured first lien loans and senior secured second lien loans. The Company invests in portfolio companies principally located in North America. The Company’s investment activities are managed by the investment adviser MCC Advisors LLC.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *