Medley Management Inc (NYSE:MDLY) announced a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Stockholders of record on Thursday, February 22nd will be given a dividend of 0.20 per share by the asset manager on Wednesday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.11%. The ex-dividend date is Wednesday, February 21st.
Shares of Medley Management (NYSE MDLY) traded down $0.10 on Tuesday, reaching $6.10. The company had a trading volume of 11,193 shares, compared to its average volume of 14,436. The stock has a market capitalization of $34.23, a P/E ratio of 28.18 and a beta of 1.40. Medley Management has a 1 year low of $5.50 and a 1 year high of $10.20. 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 issued its quarterly earnings results on Tuesday, November 14th. The asset manager reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business 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 company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. sell-side analysts anticipate that Medley Management will post 0.31 earnings per share for the current year.
MDLY has been the subject of a number of analyst reports. Zacks Investment Research raised Medley Management from a “sell” rating to a “hold” rating and set a $6.75 price target for the company in a report on Friday, October 20th. ValuEngine raised Medley Management from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $8.67.
A hedge fund recently raised its stake in Medley Management stock. State Street Corp boosted its holdings in Medley Management Inc (NYSE:MDLY) by 9.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,904 shares of the asset manager’s stock after purchasing an additional 8,158 shares during the period. State Street Corp owned about 1.75% of Medley Management worth $603,000 at the end of the most recent reporting period. 56.84% of the stock is currently 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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