Zacks Investment Research Lowers Medley Management Inc (MDLY) to Sell

Zacks Investment Research lowered shares of Medley Management Inc (NASDAQ:MDLY) from a hold rating to a sell rating in a research report released on Thursday morning.

According to Zacks, “Medley Management Inc. is an asset management firm. It engages in providing institutional and retail investors with yield-oriented investment products that pay periodic dividends or distributions. The Company focuses on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States. Medley Management Inc. is based in New York. “

Medley Management (MDLY) remained flat at $$5.90 on Thursday. 25,842 shares of the stock traded hands, compared to its average volume of 33,603. Medley Management has a twelve month low of $5.50 and a twelve month high of $10.65.

Medley Management (NASDAQ:MDLY) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $16.40 million during the quarter, compared to analysts’ expectations of $17.97 million. During the same period in the prior year, the firm earned $0.14 EPS. Medley Management’s quarterly revenue was down 23.0% compared to the same quarter last year.

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Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in Medley Management by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 47,084 shares of the company’s stock valued at $391,000 after buying an additional 3,208 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Medley Management by 6.0% in the first quarter. TIAA CREF Investment Management LLC now owns 26,190 shares of the company’s stock valued at $217,000 after buying an additional 1,482 shares during the last quarter. Renaissance Technologies LLC boosted its position in Medley Management by 10.6% in the first quarter. Renaissance Technologies LLC now owns 132,470 shares of the company’s stock valued at $1,100,000 after buying an additional 12,722 shares during the last quarter. KCG Holdings Inc. purchased a new stake in Medley Management in the first quarter valued at approximately $120,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Medley Management in the second quarter valued at approximately $725,000.

Medley Management Company Profile

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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