ValuEngine cut shares of Medley Management Inc. (NYSE:MDLY) from a buy rating to a hold rating in a report issued on Saturday morning.
Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods reiterated a hold rating and set a $9.00 price target on shares of Medley Management in a report on Monday, May 15th. Ladenburg Thalmann Financial Services lowered Medley Management from a buy rating to a neutral rating in a report on Monday, May 15th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $9.06.
Medley Management (NYSE MDLY) traded down 1.56% during mid-day trading on Friday, hitting $6.30. 30,292 shares of the stock were exchanged. The company has a market cap of $35.20 million, a P/E ratio of 39.38 and a beta of 1.37. Medley Management has a one year low of $5.60 and a one year high of $10.65. The company has a 50-day moving average price of $6.45 and a 200-day moving average price of $7.57.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, August 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.70%. Medley Management’s dividend payout ratio (DPR) is presently 421.07%.
About Medley Management
Medley Management Inc is an asset management firm offering yield solutions to retail and institutional investors. The Company operates in the investment management segment. It is focused on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States.
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