Could Medley Capital Corporation (NYSE:MCC) Change Direction After More Shorts?

February 15, 2018 - By Dolores Ford

 Could Medley Capital Corporation (NYSE:MCC) Change Direction After More Shorts?

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.46, from 1.38 in 2017Q2. It fall, as 14 investors sold Medley Capital Corporation shares while 25 reduced holdings. 14 funds opened positions while 22 raised stakes. 14.56 million shares or 0.78% less from 14.68 million shares in 2017Q2 were reported.
Millennium Mgmt Ltd reported 0% stake. Ameriprise Incorporated reported 0% of its portfolio in Medley Capital Corporation (NYSE:MCC). California Employees Retirement System holds 0% of its portfolio in Medley Capital Corporation (NYSE:MCC) for 105,800 shares. Amer Financial Grp holds 1.36% or 2.20 million shares in its portfolio. Ancora Advisors Lc invested in 0.02% or 55,000 shares. Raymond James & Associate holds 0% or 11,870 shares. Northern Trust Corporation accumulated 0% or 10,519 shares. Sigma Planning Corp has 28,051 shares for 0.01% of their portfolio. 1.75 million are held by Invesco Limited. Stevens Capital Mngmt L P holds 0.01% or 28,557 shares in its portfolio. Morgan Stanley reported 0% in Medley Capital Corporation (NYSE:MCC). Guggenheim Cap Limited Com has invested 0.01% of its portfolio in Medley Capital Corporation (NYSE:MCC). Sei accumulated 0% or 1,500 shares. Salem Invest Counselors invested 0% in Medley Capital Corporation (NYSE:MCC). Manufacturers Life Insurance Company The reported 2,117 shares.

The stock of Medley Capital Corporation (NYSE:MCC) registered an increase of 49.18% in short interest. MCC’s total short interest was 615,500 shares in February as published by FINRA. Its up 49.18% from 412,600 shares, reported previously. With 335,000 shares average volume, it will take short sellers 2 days to cover their MCC’s short positions.

The stock increased 0.23% or $0.01 during the last trading session, reaching $4.35. About 93,573 shares traded. Medley Capital Corporation (NYSE:MCC) has declined 6.36% since February 15, 2017 and is downtrending. It has underperformed by 23.06% the S&P500.

Medley Capital Corporation is a business development company. The company has market cap of $236.96 million. The fund seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It currently has negative earnings. It primarily invests in the following sectors: business services; buildings and real estate; automobile; gas and oil; 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 ; 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.

Medley Capital Corporation (NYSE:MCC) Ratings Coverage

Among 8 analysts covering Medley Capital Corp (NYSE:MCC), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Medley Capital Corp had 20 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, August 15 by Jefferies. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, June 12. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, October 16. The stock has “Neutral” rating by Janney Capital on Monday, December 12. The stock of Medley Capital Corporation (NYSE:MCC) has “Buy” rating given on Wednesday, April 27 by Janney Capital. The stock of Medley Capital Corporation (NYSE:MCC) has “Hold” rating given on Friday, November 3 by Jefferies. The rating was maintained by Jefferies on Friday, September 22 with “Hold”. On Thursday, August 13 the stock rating was downgraded by Zacks to “Hold”. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Monday, December 7. The firm has “Hold” rating given on Thursday, December 7 by Keefe Bruyette & Woods.

More notable recent Medley Capital Corporation (NYSE:MCC) news were published by: which released: “Medley Capital Corporation Upsizes and Prices $121.1 Million of 5.05% Notes …” on January 26, 2018, also with their article: “Medley Capital Corporation Announces December 31, 2017 Financial Results …” published on February 06, 2018, published: “Medley Capital Corporation (MCC) Ex-Dividend Date Scheduled for May 22, 2017” on May 19, 2017. More interesting news about Medley Capital Corporation (NYSE:MCC) were released by: and their article: “Medley Capital: Don’t Fall for Insider Buying” published on August 02, 2017 as well as‘s news article titled: “Medley Management Inc. Declares $0.20 per Share Dividend and Schedules …” with publication date: February 12, 2018.

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