Institutional Investors Sentiment Indicator of Mestek Inc (NYSE:MCC) Crashes in Q4 2017

May 21, 2018 - By Michael Collier

Sentiment for Mestek Inc (NYSE:MCC)

Mestek Inc (NYSE:MCC) institutional sentiment decreased to 0.71 in Q4 2017. Its down -0.21, from 0.92 in 2017Q3. The ratio is negative, as 30 funds increased or opened new holdings, while 42 cut down and sold their stakes in Mestek Inc. The funds in our partner’s database reported: 14.32 million shares, down from 14.56 million shares in 2017Q3. Also, the number of funds holding Mestek Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 12 Reduced: 30 Increased: 16 New Position: 14.

Medley Capital Corporation is a business development company. The company has market cap of $197.74 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.

The stock decreased 0.55% or $0.02 during the last trading session, reaching $3.63. About 384,570 shares traded or 30.78% up from the average. Medley Capital Corporation (NYSE:MCC) has declined 46.89% since May 21, 2017 and is downtrending. It has underperformed by 58.44% the S&P500.

Analysts await Medley Capital Corporation (NYSE:MCC) to report earnings on August, 8. They expect $0.11 EPS, down 38.89 % or $0.07 from last year’s $0.18 per share. MCC’s profit will be $5.99M for 8.25 P/E if the $0.11 EPS becomes a reality. After $0.07 actual EPS reported by Medley Capital Corporation for the previous quarter, Wall Street now forecasts 57.14 % EPS growth.

Roumell Asset Management Llc holds 11.01% of its portfolio in Medley Capital Corporation for 984,550 shares. American Financial Group Inc owns 2.27 million shares or 1.26% of their US portfolio. Moreover, Cue Financial Group Inc. has 1.23% invested in the company for 357,600 shares. The Illinois-based West Family Investments Inc. has invested 0.5% in the stock. Lucus Advisors Llc, a New York-based fund reported 63,594 shares.

Medley Capital Corporation (NYSE:MCC) Ratings Coverage

Ratings analysis reveals 0 of Medley Capital Corp’s analysts are positive. Out of 3 Wall Street analysts rating Medley Capital Corp, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $4.5000 while the high is $6.0. The stock’s average target of $5.17 is 42.42% above today’s ($3.63) share price. MCC was included in 5 notes of analysts from December 7, 2017. The company was maintained on Thursday, December 7 by Keefe Bruyette & Woods. On Tuesday, April 17 the stock rating was maintained by Jefferies with “Hold”. Barclays Capital maintained it with “Equal-Weight” rating and $5 target in Wednesday, February 7 report. The firm earned “Hold” rating on Tuesday, February 6 by Jefferies. The stock has “Hold” rating by Jefferies on Tuesday, December 12.

More notable recent Medley Capital Corporation (NYSE:MCC) news were published by: Businesswire.com which released: “After Judges Deny Medley Capital Corporation’s Emergency Appeal, Lawsuit brought by Modern VideoFilm’s …” on May 17, 2018, also Globenewswire.com with their article: “Medley, as Part of a Preferred Equity Investor Consortium, Announces Joint Venture with CatchMark to Acquire 1.1 …” published on May 14, 2018, Nasdaq.com published: “Medley Management Inc. Schedules Earnings Release Date and Webcast for the Quarter Ended March 31, 2018” on May 04, 2018. More interesting news about Medley Capital Corporation (NYSE:MCC) were released by: Nasdaq.com and their article: “Medley Capital Corporation Announces March 31, 2018 Financial Results; Board Declares Dividend of $0.10 Per …” published on May 09, 2018 as well as Seekingalpha.com‘s news article titled: “No Hope In Sight For Medley Capital” with publication date: May 02, 2018.

Medley Capital Corporation (NYSE:MCC) Institutional Positions Chart

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