Top Buys by Top Brass: Chief Executive Officer Taube's $235.3K Bet on MCC

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $235.3K by Brook Taube, Chief Executive Officer at Medley Capital Corporation (MCC).

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Taube bets big on MCC:
Purchased Insider Title Shares Price/Share Value
06/01/2015 Brook Taube Chief Executive Officer 25,000 $9.41 $235,255.67

Taube's average cost works out to $9.41/share. In trading on Thursday, bargain hunters could buy shares of Medley Capital Corporation ( MCC) and achieve a cost basis lower than Taube, with shares changing hands as low as $9.31 per share. Shares of Medley Capital Corporation were changing hands at $9.39 at last check, trading up about 1.1% on Thursday. The chart below shows the one year performance of MCC shares, versus its 200 day moving average:

Medley Capital Corporation Chart

Looking at the chart above, MCC's low point in its 52 week range is $8.61 per share, with $13.47 as the 52 week high point — that compares with a last trade of $9.39.

The current annualized dividend paid by Medley Capital Corporation is $1.20/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/18/2015. Below is a long-term dividend history chart for MCC, which can be of good help in judging whether the most recent dividend with approx. 12.9% annualized yield is likely to continue.

MCC+Dividend+History+Chart

MCC makes up 2.77% of the BDC Income ETF ( BIZD)

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