Medley Management Inc. (MDLY) Declares $0.20 Quarterly Dividend
Medley Management Inc. (NYSE:MDLY) announced a quarterly dividend on Thursday, August 10th, Zacks reports. Investors of record on Wednesday, August 23rd will be given a dividend of 0.20 per share by the asset manager on Wednesday, September 6th. This represents a $0.80 annualized dividend and a yield of 12.21%. The ex-dividend date is Monday, August 21st.
Medley Management (MDLY) traded down 1.53% during midday trading on Wednesday, reaching $6.45. The company had a trading volume of 6,888 shares. Medley Management has a 1-year low of $5.60 and a 1-year high of $10.65. The firm’s 50 day moving average is $6.45 and its 200 day moving average is $7.48. The stock has a market capitalization of $36.04 million, a PE ratio of 40.31 and a beta of 1.37.
MDLY has been the topic of several research reports. ValuEngine upgraded shares of Medley Management from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $9.00 price target on shares of Medley Management in a research report on Monday, May 15th. Finally, Ladenburg Thalmann Financial Services lowered shares of Medley Management from a “buy” rating to a “neutral” rating in a research report on Monday, May 15th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.06.
About Medley Management
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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