Medley Management Inc (MDLY) Trading Up 4.9%
Shares of Medley Management Inc (NASDAQ:MDLY) were up 4.9% on Tuesday . The company traded as high as $7.63 and last traded at $7.49, with a volume of 199,353 shares. The stock had previously closed at $7.14.
MDLY has been the topic of several analyst reports. Zacks Investment Research raised shares of Medley Management from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Compass Point initiated coverage on shares of Medley Management in a research note on Friday, August 19th. They issued a “buy” rating and a $9.25 price objective on the stock. FBR & Co reissued a “hold” rating and issued a $7.00 price objective on shares of Medley Management in a research note on Friday, August 12th. Deutsche Bank AG boosted their price objective on shares of Medley Management from $6.25 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Finally, Ladenburg Thalmann cut shares of Medley Management from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $6.00 to $7.50 in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.05.
The stock has a market cap of $43.27 million and a price-to-earnings ratio of 129.14. The stock’s 50-day moving average is $7.09 and its 200-day moving average is $6.24.
Medley Management (NASDAQ:MDLY) last posted its earnings results on Thursday, August 11th. The company reported $0.14 earnings per share (EPS) 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 analyst estimates of $19.30 million. During the same quarter in the previous year, the company earned $0.22 EPS. Medley Management’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that Medley Management Inc will post $0.60 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Wednesday, August 24th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 10.68%. The ex-dividend date is Monday, August 22nd.
In other Medley Management news, major shareholder Mangrove Partners Fund (Cayman sold 5,400 shares of the stock in a transaction that occurred 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 legal filing with the SEC, which is available through this link.
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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