Medley Capital Corp (NYSE:MCC) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Having a price of $7.65, Medley Capital Corp (NYSE:MCC) traded 0.13% higher on the day. With the last stock price up 8.57% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Medley Capital Corp has recorded a 50-day average of $7.55 and a two hundred day average of $7.06. Volume of trade was down over the average, with 233,162 shares of MCC changing hands under the typical 457,966
Zacks Investment Research has upgraded Medley Capital Corp (NYSE:MCC) to Hold in a statement released on 10/12/2016.
On 5/09/2016, FBR Capital released a statement about Medley Capital Corp (NYSE:MCC) dropped the target price from $8.50 to $7.00 that suggested an upside of 0.07%.
With a total market value of $0, Medley Capital Corp has with a one year low of $5.26 and a one year high of $8.10 .
A total of 9 analysts have released a research note on MCC. Two analysts rating the company a strong buy, one analyst rating the company a buy, eight analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $7.33.
More About Medley Capital Corp (NYSE:MCC)
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, primarily 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. Its investment portfolio also includes unitranche loans, senior secured notes, subordinated notes and warrants, and minority equity securities. The Company may invest all of its assets in securities acquired directly from issuers in privately negotiated transactions. The Company invests in business services, manufacturing, consumer products, healthcare, software, transportation, energy services, real estate and specialty finance sector. MCC Advisors LLC is the Company's investment adviser.
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