Medley Management Inc (NASDAQ:MDLY) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Medley Management Inc (NASDAQ:MDLY) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $8.05.
MDLY has been the topic of a number of research analyst reports. Deutsche Bank AG raised their price objective on shares of Medley Management from $6.25 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Compass Point initiated coverage on shares of Medley Management in a report on Friday, August 19th. They set a “buy” rating and a $9.25 price objective on the stock. Zacks Investment Research upgraded shares of Medley Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. FBR & Co restated a “hold” rating and set a $7.00 price objective on shares of Medley Management in a report on Friday, August 12th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Medley Management from $5.50 to $7.50 and gave the stock a “market perform” rating in a report on Friday, August 12th.
Medley Management (NASDAQ:MDLY) traded down 1.91% during trading on Wednesday, reaching $8.23. 14,487 shares of the company’s stock traded hands. Medley Management has a 12 month low of $3.43 and a 12 month high of $8.72. The firm’s 50 day moving average is $7.69 and its 200 day moving average is $6.54. The company has a market cap of $47.54 million and a P/E ratio of 141.90.
Medley Management (NASDAQ:MDLY) last posted its earnings results on Thursday, August 11th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The business had revenue of $21.30 million for the quarter, compared to the consensus estimate of $19.30 million. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. Analysts anticipate that Medley Management will post $0.60 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Wednesday, August 24th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date of this dividend was Monday, August 22nd.
In related news, major shareholder Mangrove Partners Fund (Cayman sold 5,400 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $7.56, for a total value of $40,824.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Medley Management Company Profile
Medley Management Inc is an asset management firm offering yield solutions to retail and institutional investors. The Company operates in the investment management segment. It is focused on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States.
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