Medley Management Inc (MDLY) Rating Lowered to Hold at Deutsche Bank AG
Medley Management Inc (NASDAQ:MDLY) was downgraded by stock analysts at Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report issued on Thursday. They presently have a $10.50 target price on the stock, up from their previous target price of $9.00. Deutsche Bank AG’s price target suggests a potential upside of 6.06% from the company’s current price.
Several other analysts also recently issued reports on MDLY. Zacks Investment Research upgraded Medley Management from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Keefe, Bruyette & Woods upped their price objective on Medley Management from $5.50 to $7.50 and gave the company a “market perform” rating in a research report on Friday, August 12th. FBR & Co restated a “hold” rating and issued a $7.00 price objective on shares of Medley Management in a research report on Friday, August 12th. Ladenburg Thalmann downgraded Medley Management from a “buy” rating to a “neutral” rating and upped their price objective for the company from $6.00 to $7.50 in a research report on Wednesday, August 17th. Finally, Compass Point initiated coverage on Medley Management in a research report on Friday, August 19th. They issued a “buy” rating and a $9.25 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Medley Management presently has an average rating of “Hold” and an average price target of $8.88.
Medley Management (NASDAQ:MDLY) opened at 9.90 on Thursday. The company’s 50-day moving average price is $8.83 and its 200-day moving average price is $7.33. Medley Management has a one year low of $3.43 and a one year high of $10.25. The stock’s market capitalization is $57.51 million.
Medley Management (NASDAQ:MDLY) last issued its quarterly earnings data on Monday, November 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The firm earned $18.88 million during the quarter, compared to analyst estimates of $21.18 million. During the same quarter in the prior year, the company earned $0.01 EPS. The firm’s quarterly revenue was up 247.7% on a year-over-year basis. Equities research analysts predict that Medley Management will post $0.57 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Tuesday, November 22nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 18th. This represents a $0.80 annualized dividend and a yield of 8.08%.
In related news, major shareholder Mangrove Partners Fund (Cayman sold 95,370 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $7.34, for a total value of $700,015.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A number of institutional investors have recently added to or reduced their stakes in MDLY. Acrospire Investment Management LLC raised its stake 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 valued at $136,000 after buying an additional 10,480 shares in the last quarter. Spark Investment Management LLC purchased a new stake in shares of Medley Management during the third quarter valued at approximately $236,000. JPMorgan Chase & Co. raised its stake 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 valued at $203,000 after buying an additional 23,311 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake 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 valued at $394,000 after buying an additional 2,573 shares in the last quarter.
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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