The stock of Medley Management Inc (NYSE:MDLY) hit a new 52-week high and has $20.20 target or 101.00% above today’s $10.05 share price. The 8 months bullish chart indicates low risk for the $325.42M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $20.20 price target is reached, the company will be worth $328.67M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 3.37% or $0.35 during the last trading session, hitting $10.05. About 46,192 shares traded hands or 115.64% up from the average. Medley Management Inc (NYSE:MDLY) has risen 63.52% since April 15, 2016 and is uptrending. It has outperformed by 58.90% the S&P500.
Analysts await Medley Management Inc (NYSE:MDLY) to report earnings on November, 21. They expect $0.16 earnings per share, up 1,500.00% or $0.15 from last year’s $0.01 per share. MDLY’s profit will be $5.18 million for 15.70 P/E if the $0.16 EPS becomes a reality. After $0.14 actual earnings per share reported by Medley Management Inc for the previous quarter, Wall Street now forecasts 14.29% EPS growth.
Medley Management Inc (NYSE:MDLY) Ratings Coverage
Out of 7 analysts covering Medley Management Inc (NYSE:MDLY), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Medley Management Inc has been the topic of 14 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Medley Management Inc (NYSE:MDLY) rating on Tuesday, August 16. Deutsche Bank has “Buy” rating and $9 price target. The company was downgraded on Monday, January 4 by Credit Suisse. Compass Point initiated it with “Buy” rating and $9.25 target price in Friday, August 19 report. Ladenburg Thalmann downgraded Medley Management Inc (NYSE:MDLY) rating on Wednesday, August 17. Ladenburg Thalmann has “Neutral” rating and $7.50 price target. Ladenburg Thalmann upgraded the shares of MDLY in a report on Wednesday, November 16 to “Buy” rating. Deutsche Bank maintained the shares of MDLY in a report on Thursday, August 20 with “Buy” rating. As per Friday, August 12, the company rating was maintained by Wood. The stock of Medley Management Inc (NYSE:MDLY) earned “Market Perform” rating by Wood on Friday, August 14. FBR Capital downgraded it to “Mkt Perform” rating and $7 target price in Tuesday, November 3 report.
According to Zacks Investment Research, “Medley Management Inc. is an asset management firm. It engages in providing institutional and retail investors with yield-oriented investment products that pay periodic dividends or distributions. The Company focuses on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States. Medley Management Inc. is based in New York.”
More recent Medley Management Inc (NYSE:MDLY) news were published by: Globenewswire.com which released: “Medley Management Inc. Committed Over $1 Billion of Capital to U.S. Middle …” on February 23, 2016. Also Marketwatch.com published the news titled: “Medley Management downgraded to neutral from buy at Ladenburg Thalmann” on September 26, 2014. Reuters.com‘s news article titled: “BRIEF-Medley Management Inc. announces re-opening of public offering of no…” with publication date: October 13, 2016 was also an interesting one.
MDLY Company Profile
Medley Management Inc., incorporated on June 13, 2014, is an asset management firm offering yield solutions to retail and institutional investors. The Firm operates in the investment management segment. The Firm is focused on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States. The Firm generally holds these loans to maturity. The Company’s national direct origination franchise provides capital to the middle market in the United States. The Firm has approximately $4.8 billion of assets under management (AUM) in approximately two business development companies (BDCs), Medley Capital Corporation (MCC) and Sierra Income Corporation (SIC), as well as private investment vehicles. It has over $5 billion of AUM. The Firm provides capital to over 300 companies across approximately 35 industries in North America. The Company’s long-dated private funds include MOF I, MOF II and MOF III. The Company’s long-dated private funds are managed through partnership structures.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.