Medley Management Inc (NASDAQ:MDLY)‘s stock had its “hold” rating reaffirmed by investment analysts at Credit Suisse Group AG in a report issued on Monday. They currently have a $8.00 price objective on the stock. Credit Suisse Group AG’s price objective suggests a potential downside of 19.60% from the company’s current price.
A number of other brokerages have also commented on MDLY. Zacks Investment Research upgraded Medley Management from a “sell” rating to a “hold” rating in a report on Tuesday, October 25th. Ladenburg Thalmann lowered Medley Management from a “buy” rating to a “neutral” rating and upped their target price for the stock from $6.00 to $7.50 in a report on Wednesday, August 17th. Deutsche Bank AG upped their target price on Medley Management from $6.25 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, August 16th. Compass Point started coverage on Medley Management in a report on Friday, August 19th. They set a “buy” rating and a $9.25 target price on the stock. Finally, FBR & Co reiterated a “hold” rating and set a $7.00 target price on shares of Medley Management in a report on Friday, August 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Medley Management currently has a consensus rating of “Hold” and an average price target of $8.88.
Shares of Medley Management (NASDAQ:MDLY) traded up 1.53% during mid-day trading on Monday, hitting $9.95. The stock had a trading volume of 15,994 shares. Medley Management has a 52 week low of $3.43 and a 52 week high of $10.65. The stock’s market capitalization is $57.80 million. The stock has a 50 day moving average of $9.19 and a 200-day moving average of $7.56.
Medley Management (NASDAQ:MDLY) last issued its quarterly earnings results on Monday, November 14th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.02. The firm earned $18.88 million during the quarter, compared to the consensus estimate of $21.18 million. Medley Management’s quarterly revenue was up 247.7% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. On average, equities research analysts predict that Medley Management will post $0.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Tuesday, November 22nd will be paid a $0.20 dividend. The ex-dividend date is Friday, November 18th. This represents a $0.80 annualized dividend and a yield of 8.04%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in Medley Management by 5.8% in the third quarter. Bank of New York Mellon Corp now owns 46,939 shares of the company’s stock valued at $394,000 after buying an additional 2,573 shares in the last quarter. Spark Investment Management LLC acquired a new stake in Medley Management during the third quarter valued at about $236,000. JPMorgan Chase & Co. raised its stake in Medley Management by 2,811.9% in the third quarter. JPMorgan Chase & Co. now owns 24,140 shares of the company’s stock valued at $203,000 after buying an additional 23,311 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its stake in Medley Management by 185.1% in the third quarter. Acrospire Investment Management LLC now owns 16,142 shares of the company’s stock valued at $136,000 after buying an additional 10,480 shares in the last quarter.
About Medley Management