Medley Management Inc (NASDAQ:MDLY) shot up 6.2% during trading on Thursday . The company traded as high as $8.25 and last traded at $8.05, with a volume of 54,526 shares. The stock had previously closed at $7.58.
A number of brokerages recently commented on MDLY. Compass Point began coverage on Medley Management in a research note on Friday, August 19th. They set a “buy” rating and a $9.25 price objective for the company. Ladenburg Thalmann cut Medley Management from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $6.00 to $7.50 in a research note on Wednesday, August 17th. Deutsche Bank AG lifted their price objective on Medley Management from $6.25 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Zacks Investment Research cut Medley Management from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. Finally, FBR & Co reaffirmed a “hold” rating and set a $7.00 price objective on shares of Medley Management in a research note on Friday, August 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.05.
The firm has a market cap of $46.50 million and a PE ratio of 138.79. The firm has a 50-day moving average of $7.61 and a 200-day moving average of $6.46.
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Medley Management (NASDAQ:MDLY) last issued its quarterly earnings results on Thursday, August 11th. 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 $21.30 million during the quarter, compared to analysts’ expectations of $19.30 million. During the same period in the prior year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts predict that Medley Management Inc will post $0.60 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Wednesday, August 24th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 22nd. This represents a $0.80 annualized dividend and a dividend yield of 9.94%.
In other news, major shareholder Mangrove Partners Fund (Cayman sold 5,400 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $7.56, for a total value of $40,824.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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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