Medley Capital Corporation (NYSE: MCC) dipped in the after-hours period as the financial reports for the quarter ended September 30, 2020, were released today by the Company.
During the quarter, ended September 30, 2020, the Company had a net investment loss of $0.32 per share and a net income of $0.47 per share, calculated based on the weighted average number of shares outstanding.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
The Corporation announced a net investment loss per share and a net loss per share of $(1.00) and $(24.16) for the year ended September 30, 2020, measured based on the weighted average shares outstanding.
For the quarter, ended September 30, 2020, total investment income was approximately $4.4 million and consisted of $2.8 million of portfolio interest income, $1.5 million of dividend income, and $0.1 million of fee income.
Investment income was approximately $21.5 million for the year ended September 30, 2020, consisting of $14.2 million of portfolio interest income, $6.3 million of dividend income, $0.3 million in interest on cash and cash equivalents $0.7 million in fee income.
The board of directors, meanwhile, did not announce a dividend this year.