Medley Management Inc (MDLY) was Initiated by Compass Point to “Buy” and the brokerage firm has set the Price Target at $9.25. Compass Point advised their investors in a research report released on Aug 19, 2016.
Many Wall Street Analysts have commented on Medley Management Inc. Medley Management Inc was Downgraded by Ladenburg Thalmann to ” Neutral” on Aug 17, 2016. 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 closed down -0.29 points or -3.63% at $7.69 with 44,315 shares getting traded on Wednesday. Post opening the session at $7.96, the shares hit an intraday low of $7.61 and an intraday high of $8.04 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.