Gilford Securities Reiterates Medley Capital Buy

Gilford Securities reiterated its Medley Capital

Buy rating in a research report published today. Gilford Securities has a $12.50 price target on Medley Capital shares. In the report, Gilford Securities states, "When looking at the Actual versus Estimated results (see table page 2), what stands out is that Fee Income was higher than estimated due to higher than expected originations during the quarter. Many of the originations were late quarter closings, and therefore they will generate incremental interest income in the coming quarter. On the cost side, Incentive Fees were lower than expected, while Interest Expense was higher due to Credit Facility Financing Expenses." Shares of Medley Capital were trading at $9.70 at the time of posting, up 2% from Wednesday's market close.