Medley Management (NYSE:MDLY) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, Zacks Investment Research raised Medley Management from a “sell” rating to a “hold” rating and set a $6.75 price target on the stock in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $8.42.

Medley Management (NYSE:MDLY) opened at $6.65 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of -1.92. Medley Management has a 52 week low of $5.50 and a 52 week high of $10.35. The company has a market capitalization of $36.42, a P/E ratio of 15.47 and a beta of 1.49.

Medley Management (NYSE:MDLY) last issued its earnings results on Tuesday, November 14th. The asset manager reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). Medley Management had a net margin of 3.14% and a negative return on equity of 35.40%. The company had revenue of $16.65 million during the quarter, compared to analyst estimates of $19.00 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s revenue was down 11.8% on a year-over-year basis. equities research analysts predict that Medley Management will post 0.31 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDLY. Bank of New York Mellon Corp raised its holdings in shares of Medley Management by 7.3% during the first quarter. Bank of New York Mellon Corp now owns 47,084 shares of the asset manager’s stock valued at $391,000 after buying an additional 3,208 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in 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 purchasing an additional 1,482 shares in the last quarter. Renaissance Technologies LLC raised its holdings in 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 purchasing an additional 12,722 shares in the last quarter. KCG Holdings Inc. acquired a new position in Medley Management in the first quarter worth approximately $120,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Medley Management in the second quarter worth approximately $725,000. 56.88% of the stock is currently owned by institutional investors.

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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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