Medley Management Inc (MDLY) Sees Unusually-High Trading Volume
Shares of Medley Management Inc (NASDAQ:MDLY) saw unusually-high trading volume on Thursday . Approximately 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.
MDLY has been the topic of several recent research reports. Zacks Investment Research raised shares of Medley Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Keefe, Bruyette & Woods raised their target price on shares of Medley Management from $5.50 to $7.50 and gave the stock a “market perform” rating in a report on Friday, August 12th. FBR & Co reaffirmed a “hold” rating and set a $7.00 target price on shares of Medley Management in a report on Friday, August 12th. Deutsche Bank AG raised their target price on shares of Medley Management from $6.25 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Finally, 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 report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Medley Management presently has a consensus rating of “Hold” and an average target price of $8.05.
The stock has a 50 day moving average of $7.38 and a 200-day moving average of $6.32. The stock has a market cap of $43.15 million and a price-to-earnings ratio of 128.79.
Medley Management (NASDAQ:MDLY) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.02. The company 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 business posted $0.22 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that Medley Management Inc will post $0.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Wednesday, August 24th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 10.71%. The ex-dividend date is Monday, August 22nd.
In related news, major shareholder Mangrove Partners Fund (Cayman sold 95,370 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $7.34, for a total transaction of $700,015.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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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