Medley Management Inc (MDLY) is Downgraded by Ladenburg Thalmann to Neutral

Medley Management Inc (MDLY) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on Aug 17, 2016.

Many Wall Street Analysts have commented on Medley Management Inc. Company shares were Reiterated by Deutsche Bank on Aug 16, 2016 to “Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $6.25 .

On the company’s financial health, Medley Management Inc reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 11, 2016. Analyst had a consensus of $0.16. The company had revenue of $21.30 million for the quarter, compared to analysts expectations of $19.30 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

Medley Management Inc opened for trading at $7.49 and hit $7.8 on the upside on Monday, eventually ending the session at $7.77, with a gain of 3.05% or 0.23 points. The heightened volatility saw the trading volume jump to 21,698 shares. Company has a market cap of $226 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.

Medley Management Inc

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