Medley Management Inc (NYSE:MDLY)’s share price hit a new 52-week high and low on Thursday . The company traded as low as $3.10 and last traded at $3.12, with a volume of 100 shares changing hands. The stock had previously closed at $3.20.
A number of brokerages have recently weighed in on MDLY. ValuEngine upgraded Medley Management from a “sell” rating to a “hold” rating in a report on Wednesday, May 23rd. Compass Point downgraded Medley Management to a “hold” rating in a report on Wednesday, May 9th.
The firm has a market cap of $19.13 million, a price-to-earnings ratio of 11.90 and a beta of 1.22. The company has a debt-to-equity ratio of -1.39, a current ratio of 1.46 and a quick ratio of 1.46.
Medley Management (NYSE:MDLY) last issued its earnings results on Tuesday, May 15th. The asset manager reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). The business had revenue of $14.40 million during the quarter. Medley Management had a negative net margin of 1.05% and a negative return on equity of 16.14%.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Thursday, May 24th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, May 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 25.81%.
Institutional investors and hedge funds have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Medley Management by 800.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,000 shares of the asset manager’s stock valued at $103,000 after purchasing an additional 16,000 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of Medley Management in the 4th quarter valued at about $125,000. Yorktown Management & Research Co Inc acquired a new position in shares of Medley Management in the 4th quarter valued at about $130,000. Jacobs Asset Management LLC acquired a new position in shares of Medley Management in the 1st quarter valued at about $508,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of Medley Management by 37.9% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 153,760 shares of the asset manager’s stock valued at $999,000 after purchasing an additional 42,220 shares during the period. Institutional investors own 58.44% of the company’s stock.
Medley Management Company Profile
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.
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