Zacks Investment Research upgraded shares of Medley Management (NYSE:MDLY) from a hold rating to a buy rating in a research note published on Tuesday morning. The firm currently has $7.50 price objective on the asset manager’s stock.

According to Zacks, “Medley Management Inc. is an asset management firm. It engages in providing institutional and retail investors with yield-oriented investment products that pay periodic dividends or distributions. The Company focuses on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States. Medley Management Inc. is based in New York. “

Separately, ValuEngine raised shares of Medley Management from a hold rating to a buy rating in a research report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $8.67.

Medley Management (NYSE MDLY) opened at $6.50 on Tuesday. The firm has a market cap of $187.26, a PE ratio of 15.58 and a beta of 1.51. Medley Management has a 1-year low of $5.50 and a 1-year high of $10.35. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of -1.92.

Medley Management (NYSE:MDLY) last announced its quarterly earnings data on Tuesday, November 14th. The asset manager reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The company had revenue of $16.65 million for 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 company’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. research analysts anticipate that Medley Management will post 0.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Friday, November 24th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 12.31%. The ex-dividend date of this dividend was Wednesday, November 22nd. Medley Management’s dividend payout ratio (DPR) is 333.33%.

A number of large investors have recently modified their holdings of MDLY. TIAA CREF Investment Management LLC grew its position in shares of Medley Management by 6.0% during the first quarter. TIAA CREF Investment Management LLC now owns 26,190 shares of the asset manager’s stock worth $217,000 after buying an additional 1,482 shares in the last quarter. Northern Trust Corp grew its position in shares of Medley Management by 0.6% during the second quarter. Northern Trust Corp now owns 62,636 shares of the asset manager’s stock worth $407,000 after buying an additional 400 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Medley Management by 5.7% during the second quarter. Parametric Portfolio Associates LLC now owns 82,107 shares of the asset manager’s stock worth $534,000 after buying an additional 4,442 shares in the last quarter. State Street Corp grew its position in shares of Medley Management by 9.6% during the second quarter. State Street Corp now owns 92,904 shares of the asset manager’s stock worth $603,000 after buying an additional 8,158 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Medley Management by 10.6% during the first quarter. Renaissance Technologies LLC now owns 132,470 shares of the asset manager’s stock worth $1,100,000 after buying an additional 12,722 shares in the last quarter. 56.88% of the stock is owned by institutional investors.

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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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