Deutsche Bank AG Downgrades Medley Management Inc. (MDLY) to Hold
Medley Management Inc. (NYSE:MDLY) was downgraded by research analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a report released on Thursday. They currently have a $10.50 price objective on the stock, up from their prior price objective of $9.00. Deutsche Bank AG’s target price would indicate a potential upside of 6.06% from the stock’s current price.
MDLY has been the topic of a number of other research reports. Ladenburg Thalmann raised shares of Medley Management from a “neutral” rating to a “buy” rating in a report on Wednesday, November 16th. Compass Point initiated coverage on shares of Medley Management in a report on Friday, August 19th. They issued a “buy” rating and a $9.25 price target on the stock. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Medley Management has an average rating of “Hold” and a consensus target price of $7.71.
Medley Management (NYSE:MDLY) opened at 9.90 on Thursday. The company’s market cap is $57.51 million. Medley Management has a 52 week low of $3.43 and a 52 week high of $10.25. The company’s 50-day moving average is $8.83 and its 200-day moving average is $7.33.
In other Medley Management news, major shareholder Mangrove Partners Master Fund, acquired 4,664 shares of the business’s stock in a transaction dated Sunday, September 25th. The stock was bought at an average price of $7.09 per share, with a total value of $33,067.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.50% of the stock is currently owned by insiders.
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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