Medley Management Inc (MDLY) Position Held by American Financial Group Inc.
American Financial Group Inc. held its stake in Medley Management Inc (NASDAQ:MDLY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 579,100 shares of the company’s stock at the end of the third quarter. American Financial Group Inc. owned approximately 10.02% of Medley Management worth $4,870,000 as of its most recent filing with the SEC.
Separately, JPMorgan Chase & Co. boosted its position in 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 period.
Medley Management Inc (NASDAQ:MDLY) traded up 1.04% during mid-day trading on Tuesday, reaching $9.75. 9,956 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $9.22 and a 200-day moving average of $7.62. The stock’s market cap is $56.64 million. Medley Management Inc has a one year low of $3.43 and a one year high of $10.65.
Medley Management (NASDAQ:MDLY) last posted its earnings results on Monday, November 14th. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.02. The business earned $18.88 million during the quarter, compared to analyst estimates of $21.18 million. The firm’s quarterly revenue was up 247.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 earnings per share. On average, equities research analysts anticipate that Medley Management Inc will post $0.57 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Tuesday, November 22nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date of this dividend is Friday, November 18th.
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A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Medley Management from $5.50 to $7.50 and gave the stock a “market perform” rating in a 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 note on Wednesday, August 17th. Zacks Investment Research raised Medley Management from a “sell” rating to a “hold” rating in a research note on Tuesday, October 25th. Deutsche Bank AG downgraded Medley Management from a “buy” rating to a “hold” rating and upped their price objective for the company from $9.00 to $10.50 in a research note on Thursday, November 17th. Finally, FBR & Co reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Medley Management in a research note on Friday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Medley Management has a consensus rating of “Hold” and an average price target of $8.88.
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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