Shares of Medley Management Inc (NASDAQ:MDLY) have been assigned an average broker rating score of 2.00 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. Medley Management’s rating score has improved by 9.1% from three months ago as a result of various analysts’ ratings changes.
Brokerages have set a 1-year consensus price target of $8.81 for the company and are expecting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also given Medley Management an industry rank of 75 out of 265 based on the ratings given to its competitors.
MDLY has been the subject of a number of recent analyst reports. FBR & Co restated a “market perform” rating and set a $9.50 price objective (down previously from $10.00) on shares of Medley Management in a report on Thursday, March 16th. Zacks Investment Research cut Medley Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 18th.
Medley Management (NASDAQ:MDLY) traded up 1.24% on Friday, hitting $8.15. 19,230 shares of the company traded hands. The firm’s 50 day moving average price is $8.39 and its 200 day moving average price is $9.16. Medley Management has a 1-year low of $5.11 and a 1-year high of $10.65. The firm has a market capitalization of $47.34 million and a PE ratio of 452.78.
Medley Management (NASDAQ:MDLY) last released its earnings results on Wednesday, March 15th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm earned $18.30 million during the quarter, compared to analysts’ expectations of $20.99 million. The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. Equities research analysts predict that Medley Management will post $0.65 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Medley Management by 86.2% in the fourth quarter. Renaissance Technologies LLC now owns 119,748 shares of the company’s stock worth $1,186,000 after buying an additional 55,448 shares during the last quarter. Spark Investment Management LLC acquired a new position in Medley Management during the third quarter worth about $236,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Medley Management by 12,469.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,652 shares of the company’s stock worth $274,000 after buying an additional 27,432 shares during the last quarter. State Street Corp boosted its position in Medley Management by 28.5% in the fourth quarter. State Street Corp now owns 72,283 shares of the company’s stock worth $717,000 after buying an additional 16,033 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in Medley Management by 185.1% in the third quarter. Acrospire Investment Management LLC now owns 16,142 shares of the company’s stock worth $136,000 after buying an additional 10,480 shares during the last quarter.
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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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