Medley Management Inc. (MDLY) Announces Quarterly Earnings Results
Medley Management Inc. (NYSE:MDLY) released its earnings results on Tuesday. The asset manager reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03), Bloomberg Earnings reports. The business had revenue of $16.65 million for the quarter, compared to analysts’ expectations of $19.00 million. Medley Management had a net margin of 2.68% and a negative return on equity of 43.71%. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share.
Medley Management (MDLY) opened at $5.65 on Wednesday. The company has a market capitalization of $30.85, a P/E ratio of 12.08 and a beta of 1.32. The company has a debt-to-equity ratio of -2.16, a quick ratio of 2.12 and a current ratio of 2.12. Medley Management has a one year low of $5.50 and a one year high of $10.65.
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Separately, ValuEngine cut Medley Management from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th.
About Medley Management
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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