Medley Management Inc (MDLY) Sees Unusually-High Trading Volume
Medley Management Inc (NASDAQ:MDLY) shares saw an uptick in trading volume on Thursday . 67,083 shares changed hands during trading, an increase of 13% from the previous session’s volume of 59,114 shares.The stock last traded at $7.26 and had previously closed at $7.27.
A number of research firms have recently issued reports on MDLY. Ladenburg Thalmann cut shares of Medley Management from a “buy” rating to a “neutral” rating and raised their target price for the stock from $6.00 to $7.50 in a research note on Wednesday, August 17th. Deutsche Bank AG raised their price target on shares of Medley Management from $6.25 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Compass Point began coverage on shares of Medley Management in a research report on Friday, August 19th. They set a “buy” rating and a $9.25 price target on the stock. Zacks Investment Research lowered shares of Medley Management from a “hold” rating to a “sell” rating in a research report on Friday, August 12th. Finally, FBR & Co reaffirmed a “hold” rating and set a $7.00 price target on shares of Medley Management in a research report on Friday, August 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Medley Management has an average rating of “Hold” and an average target price of $8.05.
The firm has a market cap of $42.40 million and a price-to-earnings ratio of 126.55. The company has a 50-day moving average price of $7.33 and a 200-day moving average price of $6.31.
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. During the same period last year, the firm posted $0.22 EPS. The firm had revenue of $21.30 million for the quarter, compared to analysts’ expectations of $19.30 million. Medley Management’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate 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. Stockholders of record on Wednesday, August 24th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.80 annualized dividend and a dividend yield of 10.90%.
In other news, major shareholder Mangrove Partners Fund (Cayman sold 95,370 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $7.34, for a total value of $700,015.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
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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