Medley Management (MDLY) Raised to “Buy” at Zacks Investment Research

Medley Management (NYSE:MDLY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage currently has a $7.50 price target on the asset manager’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.94% from the company’s current price.

According to Zacks, “Medley Management Inc. is an asset management firm. It engages in providing institutional and retail investors with yield-oriented investment products that pay periodic dividends or distributions. The Company focuses on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States. Medley Management Inc. is based in New York. “

Separately, ValuEngine raised Medley Management from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.67.

Medley Management (NYSE:MDLY) opened at $6.70 on Tuesday. The firm has a market capitalization of $36.42, a P/E ratio of 15.47 and a beta of 1.51. Medley Management has a 1 year low of $5.50 and a 1 year high of $10.35. The company has a debt-to-equity ratio of -1.92, a current ratio of 1.90 and a quick ratio of 1.90.

Medley Management (NYSE:MDLY) last released its earnings results on Tuesday, November 14th. The asset manager reported $0.09 earnings per share for the quarter, missing the 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 business’s revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS. sell-side analysts expect that Medley Management will post 0.44 EPS for the current year.

Several large investors have recently bought and sold shares of MDLY. Renaissance Technologies LLC increased its stake 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 acquiring an additional 12,722 shares during the last quarter. State Street Corp increased its stake 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 acquiring an additional 8,158 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake 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 acquiring an additional 4,442 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake 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 acquiring an additional 1,482 shares during the last quarter. Finally, Northern Trust Corp increased its stake 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 acquiring an additional 400 shares during the last quarter. 56.88% of the stock is 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.

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