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Medley Capital Corp (MCC) [hlAlert]

Rating:
Outperform
MCC
down 37.07 %

Medley Capital Corp (MCC) upgraded to Outperform by Wells Fargo

Posted on: Wednesday,  Sep 4, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Medley Capital Corp (NYSE: MCC) on 09/04/2013, when the stock price was $12.84. Since
then, Medley Capital Corp has lost 37.07% as of 01/14/2016's recent price of $8.08.
If you would have followed this Wells Fargo's recommendation on MCC, you would have lost 37.07% of your investment in 862 days.

Medley Capital BDC LLC is a non-diversified, closed-end management investment company. The Company?s objective is to deliver a targeted total return to investors on average of 15% over time. Its objective is to generate current income and capital appreciation by lending directly to privately-held middle market companies. Its portfolio consists of secured loans, and, to a lesser extent, subordinate loans and equity positions in situations where it is also a secured lender. Its private debt transactions are structured to combine elements of both equity and fixed-income investments. The Company focuses on providing customized financing solutions in the form of secured loans to corporate and asset-based borrowers, and utilizes structures, such as sale leaseback transactions, direct asset purchases or other hybrid structures. MCC Advisors LLC is the investment advisor of the Company.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/4/2013 8:25 AM Buy
None
12.84
as of 12/13/2013
1 Week up  0.43 %
1 Month down  -0.84 %
3 Months up  3.09 %
1 YTD up  9.11 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/26/2013 8:25 AM Hold
None
15.80

(*) Stock Price at the time of the recommendation.
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