Medley Management (NYSE:MDLY) Releases Quarterly Earnings Results, Meets Expectations

Medley Management (NYSE:MDLY) posted its quarterly earnings results on Wednesday. The asset manager reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02, Fidelity Earnings reports. Medley Management had a negative net margin of 2.28% and a negative return on equity of 3.06%. The firm had revenue of $12.88 million for the quarter.

MDLY remained flat at $$3.37 during trading on Friday. 2,566 shares of the company’s stock were exchanged, compared to its average volume of 50,918. Medley Management has a 1 year low of $2.16 and a 1 year high of $5.74. The firm has a fifty day moving average of $2.78 and a 200 day moving average of $3.10. The company has a market cap of $20.24 million, a P/E ratio of 69.60 and a beta of 1.42.

In other Medley Management news, major shareholder Jam Partners, L.P. sold 51,336 shares of Medley Management stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $3.16, for a total transaction of $162,221.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.62% of the stock is owned by insiders.

Separately, ValuEngine downgraded shares of Medley Management from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st.

About Medley Management

Medley Management Inc is an investment holding company and operate and control all of the business and affairs of Medley LLC and its subsidiaries. Medley Management Inc was incorporated on June 13, 2014 and is based in New York, New York.

Further Reading: Why do analysts give a neutral rating?

Earnings History for Medley Management (NYSE:MDLY)

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