Medley Capital Corp (MCC) : Orinda Asset Management added new position in Medley Capital Corp during the most recent quarter end. The investment management firm now holds 93,650 shares of Medley Capital Corp which is valued at $684,582 , the company said in a statement filed on Aug 3, 2016 with the SEC.Medley Capital Corp makes up approximately 0.73% of Orinda Asset Management’s portfolio.
Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in MCC by selling 3,900 shares or 3.05% in the most recent quarter. The Hedge Fund company now holds 124,000 shares of MCC which is valued at $906,440.Muzinich reduced its stake in MCC by selling 37,042 shares or 8.4% in the most recent quarter. The Hedge Fund company now holds 404,148 shares of MCC which is valued at $2,966,446. Medley Capital Corp makes up approx 1.29% of Muzinich’s portfolio.Confluence Investment Management boosted its stake in MCC in the latest quarter, The investment management firm added 100,300 additional shares and now holds a total of 657,221 shares of Medley Capital Corp which is valued at $4,824,002. Medley Capital Corp makes up approx 0.13% of Confluence Investment Management’s portfolio.Hl Financial Services reduced its stake in MCC by selling 240 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 28,177 shares of MCC which is valued at $206,819.Creative Planning boosted its stake in MCC in the latest quarter, The investment management firm added 1,468 additional shares and now holds a total of 13,800 shares of Medley Capital Corp which is valued at $100,326.
Medley Capital Corp closed down -0.06 points or -0.82% at $7.23 with 3,83,947 shares getting traded on Monday. Post opening the session at $7.34, the shares hit an intraday low of $7.2 and an intraday high of $7.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Medley Capital Corp reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.26. The company had revenue of $28.41 million for the quarter, compared to analysts expectations of $30.36 million. The company’s revenue was down -21.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Many Wall Street Analysts have commented on Medley Capital Corp. Shares were Reiterated by FBR Capital on May 9, 2016 to “Mkt Perform” and Lowered the Price Target to $ 7 from a previous price target of $8.50 .
Medley Capital Corporation is a non-diversified closed end management investment company. The Companys 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 Companys 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 Companys investment activities are managed by the investment adviser MCC Advisors LLC.