Several other large investors have also made changes to their positions in MDLY. Bank of New York Mellon Corp increased its stake in shares of Medley Management by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 47,084 shares of the company’s stock valued at $391,000 after buying an additional 3,208 shares during the period. West Family Investments Inc. acquired a new stake in shares of Medley Management during the first quarter valued at about $333,000. Finally, Renaissance Technologies LLC increased its stake in shares of Medley Management by 86.2% in the fourth quarter. Renaissance Technologies LLC now owns 119,748 shares of the company’s stock valued at $1,186,000 after buying an additional 55,448 shares during the period.
JPMorgan Chase & Co. cut its stake in Medley Management Inc (NASDAQ:MDLY) by 9.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,667 shares of the company’s stock after selling 4,422 shares during the period. JPMorgan Chase & Co.’s holdings in Medley Management were worth $338,000 as of its most recent SEC filing.
Medley Management Inc (NASDAQ:MDLY) opened at 6.40 on Wednesday. The company’s 50 day moving average price is $6.43 and its 200-day moving average price is $7.73. Medley Management Inc has a 12-month low of $5.60 and a 12-month high of $10.65. The company has a market capitalization of $36.08 million and a P/E ratio of 71.11.
Medley Management (NASDAQ:MDLY) last announced its quarterly earnings data on Friday, May 12th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $14 million during the quarter, compared to the consensus estimate of $19.67 million. Medley Management’s revenue for the quarter was down 20.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 earnings per share. Equities analysts forecast that Medley Management Inc will post $0.51 earnings per share for the current fiscal year.
Several brokerages have issued reports on MDLY. Keefe, Bruyette & Woods set a $7.00 price target on Medley Management and gave the stock a “hold” rating in a report on Friday, May 12th. Ladenburg Thalmann Financial Services downgraded Medley Management from a “buy” rating to a “neutral” rating in a report on Monday, May 15th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $9.21.
Medley Management Company Profile
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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