Medley Management Inc (MDLY) Stock Price Up 3.6%
Medley Management Inc (NASDAQ:MDLY) shares rose 3.6% during mid-day trading on Tuesday . The company traded as high as $7.87 and last traded at $7.79, with a volume of 66,101 shares traded. The stock had previously closed at $7.52.
MDLY has been the subject of a number of research reports. Zacks Investment Research upgraded Medley Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Deutsche Bank AG raised their price target on Medley Management from $6.25 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. Ladenburg Thalmann downgraded Medley Management from a “buy” rating to a “neutral” rating and raised their price target for the company from $6.00 to $7.50 in a research note on Wednesday, August 17th. Compass Point initiated coverage on Medley Management in a research note on Friday, August 19th. They issued a “buy” rating and a $9.25 price target for the company. Finally, FBR & Co restated a “hold” rating and issued a $7.00 price target on shares of Medley Management in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $8.05.
The stock’s 50 day moving average price is $7.27 and its 200-day moving average price is $6.29. The firm has a market capitalization of $43.73 million and a P/E ratio of 130.52.
Medley Management (NASDAQ:MDLY) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.02. During the same quarter last year, the company earned $0.22 earnings per share. The firm earned $21.30 million during the quarter, compared to the consensus estimate of $19.30 million. Medley Management’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts anticipate that Medley Management Inc will post $0.60 EPS for the current year.
The firm also recently disclosed 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.57%. The ex-dividend date of this dividend is Monday, August 22nd.
In other news, major shareholder Mangrove Partners Fund (Cayman sold 95,370 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $7.34, for a total value of $700,015.80. The sale was disclosed in a filing with the SEC, which can be accessed 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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