Medley Management Inc (NASDAQ:MDLY) Receives Average Recommendation of “Hold” from Analysts
Medley Management Inc (NASDAQ:MDLY) has earned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $8.85.
A number of research firms recently issued reports on MDLY. Ladenburg Thalmann Financial Services cut shares of Medley Management from a “buy” rating to a “neutral” rating in a research report on Monday, May 15th. Keefe, Bruyette & Woods set a $7.00 price objective on shares of Medley Management and gave the stock a “hold” rating in a research report on Friday, May 12th.
A number of institutional investors have recently made changes to their positions in MDLY. Renaissance Technologies LLC boosted its position in shares of Medley Management by 86.2% in the fourth quarter. Renaissance Technologies LLC now owns 119,748 shares of the company’s stock valued at $1,186,000 after buying an additional 55,448 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Medley Management by 217.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,948 shares of the company’s stock valued at $124,000 after buying an additional 10,232 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Medley Management by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 47,084 shares of the company’s stock valued at $391,000 after buying an additional 3,208 shares during the period. West Family Investments Inc. acquired a new position in shares of Medley Management during the first quarter valued at about $333,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Medley Management during the second quarter valued at about $725,000.
Shares of Medley Management (NASDAQ:MDLY) opened at 6.25 on Tuesday. The stock’s 50 day moving average is $6.43 and its 200 day moving average is $7.73. The company has a market capitalization of $35.24 million and a PE ratio of 69.44. Medley Management has a 1-year low of $5.60 and a 1-year high of $10.65.
Medley Management (NASDAQ:MDLY) last released its quarterly earnings data on Friday, May 12th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.06. The company had revenue of $14 million for the quarter, compared to analyst estimates of $19.67 million. Medley Management’s quarterly revenue was down 20.5% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS. On average, equities research analysts anticipate that Medley Management will post $0.51 EPS for the current fiscal year.
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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