Medley Management Inc (MDLY) reported quarterly earnings results on Thursday, May-12-2016. The company reported $0.13 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.18. The company posted revenue of $17.57 million in the period, compared to analysts expectations of $19.55 million. The company’s revenue was down -31.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Medley Management Inc opened for trading at $5.87 and hit $5.9 on the upside on Tuesday, eventually ending the session at $5.88, with a gain of 0.86% or 0.05 points. The heightened volatility saw the trading volume jump to 17,927 shares. Company has a market cap of $171 M.
Medley Management Inc. is an asset management company. The Company offers yield solutions to retail and institutional investors. It is focused on credit-related investment strategies originating senior secured loans to private middle market companies in the United States that have revenues between $50 million and $1 billion. It manages two permanent capital vehicles both of which are business development companies (BDCs) as well as long-dated private funds and separately managed account (SMAs). The Company distributes its permanent capital vehicles through two sub-channels which includes Medley Capital Corporation (MCC) and Sierra Income Corporation (SIC). The Company distributes its long-dated private funds and SMAs through two sub-channels which include long-dated private funds and separately managed accounts. The investment strategies in permanent capital vehicles long-dated private funds and SMAs are focused on generating net interest income from senior secured loans.