Medley Management Inc (MDLY) to Issue $0.20 Dividend
Medley Management Inc (NASDAQ:MDLY) declared a dividend on Monday, November 14th. Investors of record on Tuesday, November 22nd will be given a dividend of 0.20 per share on Monday, December 5th. The ex-dividend date of this dividend is Friday, November 18th.
Medley Management (NASDAQ:MDLY) opened at 9.35 on Tuesday. Medley Management has a 12-month low of $3.43 and a 12-month high of $10.25. The company has a 50 day moving average price of $8.86 and a 200-day moving average price of $7.36. The company has a market capitalization of $54.01 million and a PE ratio of 161.21.
Medley Management (NASDAQ:MDLY) last posted its quarterly earnings data on Monday, November 14th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.02. The business earned $18.88 million during the quarter, compared to analysts’ expectations of $21.18 million. Medley Management’s revenue for the quarter was up 247.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 EPS. On average, analysts anticipate that Medley Management will post $0.60 EPS for the current year.
In other news, major shareholder Mangrove Partners Fund (Cayman sold 95,370 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $7.34, for a total transaction of $700,015.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
A hedge fund recently raised its stake in Medley Management stock. JPMorgan Chase & Co. boosted its position in shares of Medley Management Inc (NASDAQ:MDLY) by 2,811.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,140 shares of the company’s stock after buying an additional 23,311 shares during the period. JPMorgan Chase & Co. owned 0.42% of Medley Management worth $203,000 as of its most recent SEC filing.
MDLY has been the topic of several recent research reports. Zacks Investment Research upgraded Medley Management from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Compass Point initiated coverage on Medley Management in a research report on Friday, August 19th. They set a “buy” rating and a $9.25 price objective on the stock. Credit Suisse Group AG reiterated a “hold” rating and set a $8.00 price objective on shares of Medley Management in a research report on Monday, November 7th. FBR & Co reiterated a “hold” rating and set a $7.00 price objective on shares of Medley Management in a research report on Friday, August 12th. Finally, Deutsche Bank AG increased their price objective on Medley Management from $6.25 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $8.04.
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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