Medley Management Inc. (NYSE:MDLY) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Medley Management Inc. (NYSE:MDLY) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $8.19.
A number of brokerages recently weighed in on MDLY. Compass Point began coverage on shares of Medley Management in a research report on Friday, August 19th. They set a “buy” rating and a $9.25 price objective on the stock. Ladenburg Thalmann downgraded shares of Medley Management from a “buy” rating to a “neutral” rating and increased their price objective for the company from $6.00 to $7.50 in a research report on Wednesday, August 17th. Finally, Deutsche Bank AG increased their price objective on shares of Medley Management from $6.25 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th.
In other Medley Management news, major shareholder Mangrove Partners Master Fund, purchased 5,098 shares of the firm’s stock in a transaction on Saturday, October 1st. The shares were acquired at an average cost of $7.00 per share, for a total transaction of $35,686.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.
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An institutional investor recently raised its position in Medley Management stock. BlackRock Fund Advisors raised its stake in Medley Management Inc. (NYSE:MDLY) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 176,084 shares of the company’s stock after buying an additional 7,355 shares during the period. BlackRock Fund Advisors owned 2.93% of Medley Management worth $968,000 at the end of the most recent reporting period. 74.97% of the stock is owned by hedge funds and other institutional investors.
Medley Management (NYSE:MDLY) traded down 0.60% on Wednesday, hitting $8.34. 18,478 shares of the stock were exchanged. The company has a 50-day moving average of $7.69 and a 200 day moving average of $6.54. The firm has a market cap of $48.18 million, a P/E ratio of 143.79 and a beta of 1.50. Medley Management has a 12 month low of $3.43 and a 12 month high of $8.72.
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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