Shares of Medley Management Inc. (NYSE:MDLY) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $9.25.
Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Medley Management from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. ValuEngine downgraded shares of Medley Management from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th.
A number of large investors have recently modified their holdings of MDLY. Municipal Employees Retirement System of Michigan bought a new stake in Medley Management in the second quarter valued at approximately $725,000. KCG Holdings Inc. bought a new stake in shares of Medley Management during the first quarter worth $120,000. Renaissance Technologies LLC increased 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 acquiring an additional 12,722 shares in the last quarter. State Street Corp increased 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 acquiring an additional 8,158 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased 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 acquiring an additional 4,442 shares in the last quarter. 65.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Medley Management (NYSE:MDLY) traded up $0.30 during midday trading on Wednesday, reaching $6.00. 56,342 shares of the company traded hands, compared to its average volume of 35,001. Medley Management has a fifty-two week low of $5.50 and a fifty-two week high of $10.35. The firm has a market capitalization of $34.59, a price-to-earnings ratio of 13.14 and a beta of 1.32. The company has a debt-to-equity ratio of -2.16, a current ratio of 2.12 and a quick ratio of 2.12.
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). Medley Management had a net margin of 3.14% and a negative return on equity of 37.69%. The business had revenue of $16.65 million during the quarter, compared to analyst estimates of $19.00 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was down 11.8% on a year-over-year basis. equities research analysts anticipate that Medley Management will post 0.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Friday, November 24th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 13.33%. The ex-dividend date of this dividend is Wednesday, November 22nd. Medley Management’s payout ratio is presently 333.33%.
About Medley Management
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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