Zacks Investment Research upgraded shares of Medley Management (NYSE:MDLY) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

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 raised Medley Management from a hold rating to a buy rating in a research note on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $8.42.

Medley Management (MDLY) traded up $0.15 on Wednesday, hitting $6.65. The stock had a trading volume of 45,192 shares, compared to its average volume of 57,522. The company has a market capitalization of $35.60, a PE ratio of 15.12 and a beta of 1.51. Medley Management has a 1 year low of $5.50 and a 1 year high of $10.35. The company has a debt-to-equity ratio of -1.92, a quick ratio of 1.90 and a current ratio of 1.90.

Medley Management (NYSE:MDLY) last released its earnings results on Tuesday, November 14th. The asset manager reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $16.65 million for the quarter, compared to the consensus estimate of $19.00 million. Medley Management had a net margin of 3.14% and a negative return on equity of 35.40%. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. sell-side analysts expect that Medley Management will post 0.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Friday, November 24th were paid a $0.20 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $0.80 annualized dividend and a yield of 12.03%. Medley Management’s dividend payout ratio (DPR) is currently 363.65%.

A number of large investors have recently made changes to their positions in MDLY. Municipal Employees Retirement System of Michigan bought a new position in Medley Management in the second quarter worth approximately $725,000. Renaissance Technologies LLC grew its stake in Medley Management by 10.6% in the first quarter. Renaissance Technologies LLC now owns 132,470 shares of the asset manager’s stock worth $1,100,000 after purchasing an additional 12,722 shares in the last quarter. State Street Corp grew its stake in Medley Management by 9.6% in the second quarter. State Street Corp now owns 92,904 shares of the asset manager’s stock worth $603,000 after purchasing an additional 8,158 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Medley Management by 5.7% in the second quarter. Parametric Portfolio Associates LLC now owns 82,107 shares of the asset manager’s stock worth $534,000 after purchasing an additional 4,442 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in Medley Management by 6.0% in the first quarter. TIAA CREF Investment Management LLC now owns 26,190 shares of the asset manager’s stock worth $217,000 after purchasing an additional 1,482 shares in the last quarter. 56.88% of the stock is currently owned by institutional investors.

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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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