Ladenburg Thalmann Upgrades Medley Management Inc. (MDLY) to “Buy”
Medley Management Inc. (NYSE:MDLY) was upgraded by investment analysts at Ladenburg Thalmann from a “neutral” rating to a “buy” rating in a report released on Wednesday.
MDLY has been the topic of several other research reports. Compass Point initiated 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. Deutsche Bank AG lifted their price objective on Medley Management from $6.25 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Medley Management has a consensus rating of “Hold” and an average target price of $7.46.
Medley Management (NYSE:MDLY) opened at 9.85 on Wednesday. The stock’s 50 day moving average price is $8.98 and its 200-day moving average price is $7.42. The firm has a market capitalization of $56.90 million, a price-to-earnings ratio of 169.83 and a beta of 1.37. Medley Management has a one year low of $3.43 and a one year high of $10.65.
In related news, major shareholder Mangrove Partners Master Fund, purchased 5,402 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were acquired at an average price of $7.18 per share, with a total value of $38,786.36. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 2.50% of the stock is owned by corporate insiders.
Medley Management Company Profile
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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