Medley Management (NYSE:MDLY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm presently has a $7.50 price objective on the asset manager’s stock. Zacks Investment Research‘s price target suggests a potential upside of 15.38% from the company’s current price.

According to Zacks, “Medley Management Inc. is an asset management firm. It engages in providing institutional and retail investors with yield-oriented investment products that pay periodic dividends or distributions. The Company focuses on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States. Medley Management Inc. is based in New York. “

Separately, ValuEngine upgraded shares of Medley Management from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.67.

Shares of Medley Management (MDLY) opened at $6.50 on Tuesday. Medley Management has a 52-week low of $5.50 and a 52-week high of $10.35. The company has a debt-to-equity ratio of -1.92, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $35.60, a P/E ratio of 15.12 and a beta of 1.51.

Medley Management (NYSE:MDLY) last issued its earnings results on Tuesday, November 14th. The asset manager reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The company had revenue of $16.65 million during the quarter, compared to analyst estimates of $19.00 million. Medley Management had a net margin of 3.14% and a negative return on equity of 35.40%. The business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS. equities research analysts expect that Medley Management will post 0.44 EPS for the current fiscal year.

Several large investors have recently modified their holdings of MDLY. Renaissance Technologies LLC raised its stake in Medley Management by 10.6% during the first quarter. Renaissance Technologies LLC now owns 132,470 shares of the asset manager’s stock worth $1,100,000 after buying an additional 12,722 shares during the last quarter. State Street Corp raised its stake in Medley Management by 9.6% during the second quarter. State Street Corp now owns 92,904 shares of the asset manager’s stock worth $603,000 after buying an additional 8,158 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Medley Management by 5.7% during the second quarter. Parametric Portfolio Associates LLC now owns 82,107 shares of the asset manager’s stock worth $534,000 after buying an additional 4,442 shares during the last quarter. Northern Trust Corp raised its stake in Medley Management by 0.6% during the second quarter. Northern Trust Corp now owns 62,636 shares of the asset manager’s stock worth $407,000 after buying an additional 400 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Medley Management by 6.0% during the first quarter. TIAA CREF Investment Management LLC now owns 26,190 shares of the asset manager’s stock worth $217,000 after buying an additional 1,482 shares during the last quarter. Institutional investors own 56.88% of the company’s stock.

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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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