Medley Management (MDLY) Downgraded by ValuEngine to Hold

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

Separately, Zacks Investment Research downgraded shares of Medley Management from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Medley Management has an average rating of “Hold” and an average target price of $8.67.

Shares of Medley Management (MDLY) traded down $0.05 during trading hours on Friday, hitting $6.35. 7,977 shares of the stock traded hands, compared to its average volume of 11,472. The stock has a market capitalization of $34.77, a P/E ratio of 28.86 and a beta of 1.40. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of -1.92. Medley Management has a 1-year low of $5.50 and a 1-year high of $10.20.

Medley Management (NYSE:MDLY) last issued its earnings results 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). The firm had revenue of $16.65 million during the quarter, compared to analysts’ expectations of $19.00 million. Medley Management had a net margin of 3.14% and a negative return on equity of 35.40%. The firm’s revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. sell-side analysts forecast that Medley Management will post 0.44 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its holdings in Medley Management by 0.6% during the second quarter. Northern Trust Corp now owns 62,636 shares of the asset manager’s stock worth $407,000 after buying an additional 400 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in 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 buying an additional 4,442 shares in the last quarter. Finally, State Street Corp boosted its holdings in 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 buying an additional 8,158 shares in the last quarter. 56.89% of the stock is currently owned by hedge funds and other 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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