Medley Management Inc (MDLY) Stock Price Up 3.6%
Shares of Medley Management Inc (NASDAQ:MDLY) rose 3.6% on Tuesday . The stock traded as high as $7.87 and last traded at $7.79, with a volume of 66,101 shares. The stock had previously closed at $7.52.
A number of brokerages recently weighed in on MDLY. 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 lifted 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 lifted 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 lowered shares of Medley Management from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $6.00 to $7.50 in a report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, three have assigned 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 price target of $8.05.
The firm has a 50-day moving average price of $7.33 and a 200 day moving average price of $6.31. The stock has a market cap of $42.00 million and a P/E ratio of 125.34.
Medley Management (NASDAQ:MDLY) last issued its quarterly earnings data on Thursday, August 11th. The company reported $0.14 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 earnings per share. The company had revenue of $21.30 million for the quarter, compared to analyst estimates of $19.30 million. Medley Management’s revenue 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Wednesday, August 24th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 11.00%. The ex-dividend date is Monday, August 22nd.
In other Medley Management news, major shareholder Mangrove Partners Fund (Cayman sold 95,370 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $7.34, for a total value of $700,015.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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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