Medley Management Inc (MDLY) Upgraded by Ladenburg Thalmann to “Buy”
Several other analysts have also recently weighed in on the company. Zacks Investment Research raised Medley Management from a sell rating to a hold rating in a report on Tuesday, October 25th. Keefe, Bruyette & Woods raised their price objective on Medley Management from $5.50 to $7.50 and gave the company a market perform rating in a report on Friday, August 12th. FBR & Co reissued a hold rating and set a $7.00 price objective on shares of Medley Management in a report on Friday, August 12th. Compass Point assumed coverage on Medley Management in a report on Friday, August 19th. They set a buy rating and a $9.25 price objective on the stock. Finally, Deutsche Bank AG raised their price objective on Medley Management from $6.25 to $9.00 and gave the company a buy rating in a report on Tuesday, August 16th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $8.29.
Medley Management (NASDAQ:MDLY) remained flat at $10.40 on Wednesday. 17,564 shares of the stock were exchanged. Medley Management has a 1-year low of $3.43 and a 1-year high of $10.65. The stock has a market capitalization of $60.08 million and a PE ratio of 179.31. The company has a 50-day moving average of $8.94 and a 200-day moving average of $7.40.
Medley Management (NASDAQ:MDLY) last posted its quarterly earnings results 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 firm earned $18.88 million during the quarter, compared to the consensus estimate of $21.18 million. The business’s revenue for the quarter was up 247.7% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. On average, equities research analysts anticipate that Medley Management will post $0.60 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Tuesday, November 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date is Friday, November 18th.
In other Medley Management news, major shareholder Mangrove Partners Fund (Cayman sold 95,370 shares of Medley Management 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of hedge funds and other institutional investors have recently made changes to their positions in MDLY. Spark Investment Management LLC bought a new position in shares of Medley Management during the third quarter worth about $236,000. JPMorgan Chase & Co. boosted its position in shares of Medley Management by 2,811.9% in the third quarter. JPMorgan Chase & Co. now owns 24,140 shares of the company’s stock worth $203,000 after buying an additional 23,311 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Medley Management by 185.1% in the third quarter. Acrospire Investment Management LLC now owns 16,142 shares of the company’s stock worth $136,000 after buying an additional 10,480 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Medley Management by 5.8% in the third quarter. Bank of New York Mellon Corp now owns 46,939 shares of the company’s stock worth $394,000 after buying an additional 2,573 shares during the last quarter.
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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