MCC

Medley Capital
NYSE

Real-time Quotes | Nasdaq Last Sale

20.79
0.00
0.00%
Opening 09:30 10/30 EDT
OPEN
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PREV CLOSE
20.65
HIGH
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LOW
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VOLUME
0
TURNOVER
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52 WEEK HIGH
45.60
52 WEEK LOW
7.00
MARKET CAP
56.63M
P/E (TTM)
-0.0287
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
Sierra Income Corporation Announces Reinstatement of Monthly Distribution
Sierra Income Corporation ("Sierra" or the "Company") today announced that its Board of Directors has determined to reinstate the monthly distributions on the shares of the Company's common stock. The Board of Directors declared a series of monthly distributions for October, November and December 2020 of $0.01 per share.
PR Newswire · 6d ago
Medley Management Inc. Announces One-for-Ten Reverse Stock Split; Class A Common Stock to Begin Trading on a Split-Adjusted Basis at Market Open on November 2, 2020
Medley Management Inc. (NYSE: MDLY) ("MDLY" or the "Company") announced today that, following the authorization granted by the stockholders at the Company's 2020 Annual Meeting of Stockholders held on October 22, 2020 (the "Annual Meeting"), the Company's board of directors (the "Board") today determined that it is in the best interests of the Company and its stockholders to effect a reverse stock split of its Class A common stock, par value $0.01 per share (the "Class A Common Stock"), at a ratio of 1-for-10 (the "Reverse Stock Split"). Accordingly, on October 22, 2020, the Company filed a Certificate of Amendment (the "Certificate of Amendment") to the Company's Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the Reverse Stock Split, which will be effective at 5:00 p.m., Eastern Time, on Friday, October 30, 2020 (the "Effective Time").
PR Newswire · 10/22 21:30
Medley Management Inc. Announces One-For-Ten Reverse Stock Split; Class A Common Stock To Begin Trading On A Split-Adjusted Basis At Market Open On November 2, 2020
NEW YORK, Oct. 22, 2020 /PRNewswire/ -- Medley Management Inc. (NYSE:MDLY) ("MDLY" or the "Company") announced today that, following the authorization granted by the stockholders at the
Benzinga · 10/22 20:33
Medley Capital to redeem 6.5% notes due 2021
Medley Capital (MCC) plans to issue notices to holders of its 6.500% notes due 2021; it seeks to redeem $74.0M in principal amount of the issued and outstanding notes on
Seekingalpha · 10/21 12:41
Medley Capital Corporation Announces Redemption of 6.500% Notes due 2021
NEW YORK, Oct. 21, 2020 (GLOBE NEWSWIRE) -- Medley Capital Corporation (NYSE: MCC) (the “Company” or “MCC”) announced today that, it has caused notices to be issued to the holders of its 6.500% Notes due 2021 (NYSE: MCX) (the “Notes”) regarding the Company’s exercise of its option to redeem, in whole, the issued and outstanding Notes, pursuant to Section 1104 of the Indenture date as of February 7, 2012, between the Company and U.S. Bank National Association, as trustee, and Section 101(h) of the Third Supplemental Indenture dated as of December 17, 2015. The Company will redeem $74,012,825 in aggregate principal amount of the issued and outstanding Notes on November 20, 2020 (the “Redemption Date”). The Notes will be redeemed at 100% of their principal amount ($25 per Note), plus accrued and unpaid interest thereon from October 31, 2020, through, but excluding, the Redemption Date. The interest payment on the Notes to holders of record on October 15, 2020 payable on October 31, 2020 will be payable in normal course. Questions relating to the notice of redemption should be directed to U.S. Bank National Association via telephone at 1-800-934-6802. ABOUT MEDLEY CAPITAL CORPORATIONMedley Capital Corporation is a closed-end, externally managed business development company ("BDC") that has common stock which trades on the New York Stock Exchange (NYSE: MCC) and has outstanding bonds which trade on the New York Stock Exchange under the symbols (NYSE: MCV) and (NYSE: MCX). Medley Capital Corporation's investment objective is to generate current income and capital appreciation by lending to privately-held middle market companies, primarily through directly originated transactions, to help these companies expand their businesses, refinance and make acquisitions. Our portfolio generally consists of senior secured first lien loans and senior secured second lien loans. Medley Capital Corporation is externally managed by MCC Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. For additional information, please visit Medley Capital Corporation at www.medleycapitalcorp.com.ABOUT MCC ADVISORS LLCMCC Advisors LLC is a subsidiary of Medley Management Inc. (NYSE: MDLY, “Medley”). Medley is an alternative asset management firm offering yield solutions to retail and institutional investors. Medley’s national direct origination franchise is a premier provider of capital to the middle market in the U.S. Medley has $3.6 billion of assets under management in two business development companies, Medley Capital Corporation (NYSE: MCC) and Sierra Income Corporation, and several private investment vehicles. Over the past 18 years, we have provided capital to over 400 companies across 35 industries in North America.1 For additional information, please visit Medley Management Inc. at www.mdly.com.Medley LLC, the operating company of Medley Management Inc., has outstanding bonds which trade on the New York Stock Exchange under the symbols (NYSE:MDLX) and (NYSE:MDLQ).Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding the the possibility that MCC may explore strategic alternatives and other statements containing the words “believes,” “anticipates,” “plans,” “expects,” “will” and similar expressions. Such forward-looking statements represent management's current expectations and are inherently uncertain. There are a number of important factors that could materially impact the value of the MCC’s common stock or cause actual results to differ materially from those indicated by such forward-looking statements. These important factors include, but are not limited to, the effects of changes in MCC’s credit rating; MCC’s ability to arrange and consummate financing or sale transactions or to access capital; whether MCC is able to generate sufficient cash flows and maintain adequate liquidity to meet its liquidity needs, service its indebtedness, repay existing debt obligations, and finance the ongoing obligations of its business; uncertainties associated with the impact from the COVID-19 pandemic, including its impact on the global and U.S. capital markets, the global and U.S. economy, the operational and financial performance of MCC’s portfolio companies, and liquidity; and the important factors discussed under the caption “Risk Factors” in Part 1. Item 1A of MCC’s Form 10-K for the fiscal year ended September 30, 2019, and its other reports filed with the Securities and Exchange Commission. These important factors, among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. Any such forward-looking statements represent management’s estimates as of the date of this press release. While MCC may elect to update such forward-looking statements at some point in the future, MCC disclaims any obligation to do so, even if subsequent events cause its views to change. These forward-looking statements should not be relied upon as representing MCC’s views as of any date subsequent to the date of this press release.SOURCE: Medley Capital CorporationInvestor Relations Contact: Sam Anderson Head of Capital Markets & Risk Management Medley Management Inc. 212-759-0777Media Contact: Jonathan Gasthalter/Nathaniel Garnick Gasthalter & Co. LP 212-257-4170_______________ 1 Medley Management Inc. is the parent company of Medley LLC and several registered investment advisors (collectively, “Medley”). Assets under management refers to assets of Medley’s funds, which represents the sum of the net asset value of such funds, the drawn and undrawn debt (at the fund level, including amounts subject to restrictions) and uncalled committed capital (including commitments to funds that have yet to commence their investment periods). Assets under management are as of June 30, 2020.
GlobeNewswire · 10/21 12:13
Wild ride as Medley Management nearly quintuples at one point today
Cruising along at $0.60 per share for the past few sessions, Medley Management (MDLY) at one point this morning touched $2.79. It's currently up 75% for the day at $1.04.The company
Seekingalpha · 10/12 19:08
Medley Capital Corporation Sells the MCC Senior Loan Strategy JV Portfolio to Fund Managed by Golub Capital LLC
NEW YORK, Oct. 09, 2020 (GLOBE NEWSWIRE) -- The Special Committee of the Board of Directors of Medley Capital Corporation (NYSE: MCC) (“MCC”) is pleased to announce that on October 8, 2020, MCC, MCC Senior Loan Strategy JV I LLC (the “MCC JV”), the other holder of membership interests in the MCC JV (the “Other MCC JV Member”), and an affiliate of Golub Capital LLC (“Golub”) entered into a Membership Interest Purchase Agreement (“the Agreement”) pursuant to which a private fund affiliated with and managed by Golub concurrently purchased all of MCC’s interest in the MCC JV and all of the Other MCC JV Member’s interest in the MCC JV for a total purchase price of $156.4 million (subject to various adjustments), on terms and conditions set forth in the Agreement. In connection with the closing of the transaction, MCC JV repaid in full all outstanding borrowings under, and terminated, its senior secured revolving credit facility, dated as of August 4, 2015, as amended, administered by Deutsche Bank AG, New York Branch. Taking into account the debt repayment and the adjustments, MCC and the Other MCC JV Member received net proceeds (before transaction expenses) of $41.0 million and $6.6 million, respectively. "We believe this is a significant transaction for MCC as it improves MCC’s liquidity and materially strengthens its balance sheet," said David Lorber, Chair of the MCC Special Committee. He added, "The transaction better positions MCC to meet its other debt repayment obligations."The Special Committee was advised by Houlihan Lokey for this Transaction.ABOUT MEDLEY CAPITAL CORPORATIONMedley Capital Corporation is a closed-end, externally managed business development company ("BDC") that has common stock which trades on the New York Stock Exchange (NYSE: MCC) and has outstanding bonds which trade on the New York Stock Exchange under the symbols (NYSE: MCV) and (NYSE: MCX). Medley Capital Corporation's investment objective is to generate current income and capital appreciation by lending to privately-held middle market companies, primarily through directly originated transactions, to help these companies expand their businesses, refinance and make acquisitions. Our portfolio generally consists of senior secured first lien loans and senior secured second lien loans. Medley Capital Corporation is externally managed by MCC Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. For additional information, please visit Medley Capital Corporation at www.medleycapitalcorp.com.ABOUT MCC ADVISORS LLCMCC Advisors LLC is a subsidiary of Medley Management Inc. (NYSE: MDLY, “Medley”). Medley is an alternative asset management firm offering yield solutions to retail and institutional investors. Medley’s national direct origination franchise is a premier provider of capital to the middle market in the U.S. Medley has $3.6 billion of assets under management in two business development companies, Medley Capital Corporation (NYSE: MCC) (TASE: MCC) and Sierra Income Corporation, and several private investment vehicles. Over the past 18 years, we have provided capital to over 400 companies across 35 industries in North America.1 For additional information, please visit Medley Management Inc. at www.mdly.com.Medley LLC, the operating company of Medley Management Inc., has outstanding bonds which trade on the New York Stock Exchange under the symbols (NYSE:MDLX) and (NYSE:MDLQ).Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements regarding the ongoing obligations under the Agreement, including the indemnities contained in the Agreement, and the possibility that MCC may explore strategic alternatives and other statements containing the words “believes,” “anticipates,” “plans,” “expects,” “will” and similar expressions. Such forward-looking statements represent management's current expectations and are inherently uncertain. There are a number of important factors that could materially impact the value of the MCC’s common stock or cause actual results to differ materially from those indicated by such forward-looking statements. These important factors include, but are not limited to, potential losses of MCC in connection with its indemnification obligations under the Agreement; MCC’s ability to comply with the covenants and conditions under its debt instruments; the effects of changes in MCC’s credit rating; MCC’s ability to arrange and consummate financing or sale transactions or to access capital; whether MCC is able to generate sufficient cash flows and maintain adequate liquidity to meet its liquidity needs, service its indebtedness, repay existing debt obligations, and finance the ongoing obligations of its business; uncertainties associated with the impact from the COVID-19 pandemic, including its impact on the global and U.S. capital markets, the global and U.S. economy, the operational and financial performance of MCC’s portfolio companies, and liquidity; and the important factors discussed under the caption “Risk Factors” in Part 1. Item 1A of MCC’s Form 10-K for the fiscal year ended September 30, 2019, and its other reports filed with the Securities and Exchange Commission. These important factors, among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. Any such forward-looking statements represent management’s estimates as of the date of this press release. While MCC may elect to update such forward-looking statements at some point in the future, MCC disclaims any obligation to do so, even if subsequent events cause its views to change. These forward-looking statements should not be relied upon as representing MCC’s views as of any date subsequent to the date of this press release._______________ 1 Medley Management Inc. is the parent company of Medley LLC and several registered investment advisors (collectively, “Medley”). Assets under management refers to assets of Medley’s funds, which represents the sum of the net asset value of such funds, the drawn and undrawn debt (at the fund level, including amounts subject to restrictions) and uncalled committed capital (including commitments to funds that have yet to commence their investment periods). Assets under management are as of June 30, 2020. SOURCE: Medley Capital CorporationInvestor Relations Contact: Sam Anderson Head of Capital Markets & Risk Management Medley Management Inc. 212-759-0777Media Contact: Jonathan Gasthalter/Nathaniel Garnick Gasthalter & Co. LP 212-257-4170
GlobeNewswire · 10/09 21:25
Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers - Part 2 (Includes Q4 2020 Dividend Projection For All Peers)
Part 2 of this article compares ARCC’s recent dividend per share rates, yield percentages, and several other highly unique dividend sustainability metrics to fourteen BDC peers.This includes a comparative analysis of ARCC’s cumulative undistributed taxable income ratio, percentage of floating-rate debt investments, recent weighted average annualized yield, and weighted average interest rate on outstanding borrowings.My current buy, sell, or hold recommendation, price target, and dividend sustainability projection for ARCC is stated in the “Conclusions Drawn” section of the article.My Q4 2020 dividend projection for the fourteen other BDC peers within this analysis is also stated in the Conclusions Drawn section of the article (valuable information for readers).I also provide a list of the BDC stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), or appropriately valued (a hold recommendation).
Seekingalpha · 09/29 06:06
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YoY (%)
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Total Liabilities (USD)
Debt to Asset (%)
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Learn about the latest financial forecast of MCC. Analyze the recent business situations of Medley Capital through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 1 analysts

Hold

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average MCC stock price target is 10.00 with a high estimate of 10.00 and a low estimate of 10.00.
EPS
Institutional Holdings
Institutions: 92
Institutional Holdings: 6.36M
% Owned: 233.39%
Shares Outstanding: 2.72M
TypeInstitutionsShares
Increased
5
18.48K
New
21
46.23K
Decreased
12
51.43K
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
Closed End Funds
-0.15%
Collective Investments
-0.14%
Key Executives
Chairman/President/Chief Executive Officer/Director
Brook Taube
Chief Financial Officer/Secretary
Richard Allorto
Chief Compliance Officer
John Fredericks
Lead Director
Arthur Ainsberg
Director
David Lorber
Director
Lowell Robinson
Director
Seth Taube
Independent Director
Howard Amster
Independent Director
Karin Hirtler-Garvey
  • Dividends
  • Splits
  • Insider Activity
Declaration Date
Dividend Per Share
Ex-Div Date
11/08/2019
Dividend USD 0.053
11/26/2019
02/10/2019
Dividend USD 0.05
02/21/2019
11/16/2018
Dividend USD 0.1
12/04/2018
08/02/2018
Dividend USD 0.1
09/04/2018
05/04/2018
Dividend USD 0.1
06/05/2018
01/30/2018
Dividend USD 0.16
02/20/2018
10/31/2017
Dividend USD 0.16
11/21/2017
08/09/2017
Dividend USD 0.16
08/21/2017
05/09/2017
Dividend USD 0.16
05/22/2017
02/10/2017
Dividend USD 0.22
02/17/2017
11/08/2016
Dividend USD 0.22
11/21/2016
08/09/2016
Dividend USD 0.22
08/22/2016
05/09/2016
Dividend USD 0.3
05/23/2016
02/09/2016
Dividend USD 0.3
02/22/2016
11/06/2015
Dividend USD 0.3
11/23/2015
08/11/2015
Dividend USD 0.3
08/17/2015
05/13/2015
Dividend USD 0.3
05/18/2015
02/10/2015
Dividend USD 0.3
02/23/2015
10/31/2014
Dividend USD 0.37
11/24/2014
08/01/2014
Dividend USD 0.37
08/25/2014
05/05/2014
Dividend USD 0.37
05/23/2014
02/07/2014
Dividend USD 0.37
02/24/2014
10/31/2013
Dividend USD 0.37
11/20/2013
08/08/2013
Dividend USD 0.37
08/21/2013
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About MCC
Medley Capital Corp., 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. Its investment portfolio includes senior secured first lien term loans, senior secured second lien term loans, unitranche loans, senior secured first lien notes, subordinated notes and warrants and minority equity securities. Its portfolio of investments includes various industries, including banking, finance, insurance and real estate; construction and building; healthcare and pharmaceuticals; hotel, gaming and leisure; wholesale; automotive; metals & mining; forest products & paper; chemicals, plastics & rubber; advertising, printing & publishing and retail. Its investment advisor is MCC Advisors LLC.
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