Shares of Medley Management Inc (NASDAQ:MDLY) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company. 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. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $8.05.
MDLY has been the topic of several research reports. Ladenburg Thalmann lowered shares of Medley Management from a “buy” rating to a “neutral” rating and lifted their price target for the company from $6.00 to $7.50 in a report on Wednesday, August 17th. Deutsche Bank AG lifted their price target on shares of Medley Management from $6.25 to $9.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. Compass Point initiated coverage on shares of Medley Management in a report on Friday, August 19th. They set a “buy” rating and a $9.25 price target on the stock. Zacks Investment Research lowered shares of Medley Management from a “hold” rating to a “sell” rating in a report on Friday, August 12th. Finally, FBR & Co reaffirmed a “hold” rating and set a $7.00 price target on shares of Medley Management in a report on Friday, August 12th.
Shares of Medley Management (NASDAQ:MDLY) opened at 8.43 on Wednesday. The company has a market cap of $48.70 million and a P/E ratio of 145.34. The firm has a 50-day moving average of $7.76 and a 200 day moving average of $6.58. Medley Management has a 52 week low of $3.43 and a 52 week high of $8.72.
Medley Management (NASDAQ:MDLY) last released its earnings results on Thursday, August 11th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by $0.02. The business had revenue of $21.30 million for the quarter, compared to analysts’ expectations of $19.30 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts anticipate that Medley Management will post $0.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Wednesday, August 24th were given a dividend of $0.20 per share. The ex-dividend date was Monday, August 22nd. This represents a $0.80 annualized dividend and a yield of 9.49%.
In related news, major shareholder Mangrove Partners Fund (Cayman sold 95,370 shares of Medley Management stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this link.
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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