Medley Management Inc. (MDLY) Announces $0.20 Quarterly Dividend
Medley Management Inc. (NYSE:MDLY) announced a quarterly dividend on Wednesday, November 8th, NASDAQ reports. Stockholders of record on Friday, November 24th will be paid a dividend of 0.20 per share by the asset manager on Wednesday, December 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.04%. The ex-dividend date is Wednesday, November 22nd.
Shares of Medley Management (MDLY) opened at $5.70 on Friday. The company has a debt-to-equity ratio of -1.92, a quick ratio of 2.12 and a current ratio of 1.90. The stock has a market cap of $29.52, a PE ratio of 12.91 and a beta of 1.32. Medley Management has a 1-year low of $5.50 and a 1-year high of $10.65.
Medley Management (NYSE:MDLY) last posted its quarterly earnings data on Tuesday, November 14th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $16.65 million during the quarter, compared to analysts’ expectations of $19.00 million. Medley Management had a negative return on equity of 35.40% and a net margin of 3.14%. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. sell-side analysts forecast that Medley Management will post 0.31 earnings per share for the current year.
An institutional investor recently raised its position in Medley Management stock. Northern Trust Corp increased its holdings in Medley Management Inc. (NYSE:MDLY) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,636 shares of the asset manager’s stock after purchasing an additional 400 shares during the period. Northern Trust Corp owned approximately 1.11% of Medley Management worth $407,000 at the end of the most recent quarter. 65.72% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on MDLY shares. Zacks Investment Research downgraded shares of Medley Management from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. ValuEngine cut shares of Medley Management from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.94.
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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