Medley Management Inc (MDLY) Shares Down 4.2%
Shares of Medley Management Inc (NASDAQ:MDLY) were down 4.2% during trading on Wednesday . The stock traded as low as $7.25 and last traded at $7.25, with a volume of 112,149 shares. The stock had previously closed at $7.57.
Several analysts have commented on MDLY shares. Zacks Investment Research upgraded shares of Medley Management from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Deutsche Bank AG raised their price objective 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. Ladenburg Thalmann lowered shares of Medley Management from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $6.00 to $7.50 in a report on Wednesday, August 17th. Compass Point started coverage on shares of Medley Management in a report on Friday, August 19th. They issued a “buy” rating and a $9.25 price objective for the company. Finally, FBR & Co restated a “hold” rating and issued a $7.00 price objective on shares of Medley Management in a report on Friday, August 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Medley Management presently has a consensus rating of “Hold” and a consensus price target of $8.05.
The firm has a market capitalization of $42.00 million and a price-to-earnings ratio of 125.34. The firm’s 50-day moving average price is $7.31 and its 200 day moving average price is $6.30.
Medley Management (NASDAQ:MDLY) last posted its earnings results on Thursday, August 11th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $21.30 million for the quarter, compared to analysts’ expectations of $19.30 million. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. On average, analysts expect that Medley Management Inc will post $0.60 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Wednesday, August 24th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.00%.
In related news, major shareholder Mangrove Partners Fund (Cayman sold 95,370 shares of the company’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 sale was disclosed in a filing with the SEC, which can be accessed through 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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