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MCC

Medley Capital Shares Flirt With 52-Week High as Fiscal Q1 Total Investment Income Tops Views

Medley Capital ( MCC ) shares were higher 2% on Friday after the non-diversified closed-end management investment company reported fiscal Q1 total investment income of $26.1 million, down from $34.4 million but ahead of the $25.8 million consensus estimate.

MCC was at $7.99 recently, having earlier traded as high as $8.05, a penny short of the $8.06 52-week high. The 52-week low is at $5.26.

Net investment income in the quarter ended Dec. 31 fell to $0.19 per share from $0.28, shy of the $0.20 average estimate from analysts polled by Capital IQ.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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