Medley Management Inc (MDLY) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 9 from a previous price target of $6.25 . Deutsche Bank advised their investors in a research report released on Aug 16, 2016.
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.