The stock of Medley Management Inc (NYSE:MDLY) hit a new 52-week high and has $19.01 target or 96.00% above today’s $9.70 share price. The 7 months bullish chart indicates low risk for the $303.47 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $19.01 price target is reached, the company will be worth $291.33M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.74% or $0.35 on November 11, hitting $9.7. About 46,492 shares traded hands or 143.38% up from the average. Medley Management Inc (NYSE:MDLY) has risen 55.83% since April 11, 2016 and is uptrending. It has outperformed by 49.69% the S&P500.
Analysts await Medley Management Inc (NYSE:MDLY) to report earnings on November, 21. They expect $0.16 earnings per share, up 1,500.00% or $0.15 from last year’s $0.01 per share. MDLY’s profit will be $5.01M for 15.16 P/E if the $0.16 EPS becomes a reality. After $0.14 actual earnings per share reported by Medley Management Inc for the previous quarter, Wall Street now forecasts 14.29% EPS growth.
Medley Management Inc (NYSE:MDLY) Ratings Coverage
Out of 7 analysts covering Medley Management Inc (NYSE:MDLY), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Medley Management Inc has been the topic of 13 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, January 4 by Credit Suisse. The stock of Medley Management Inc (NYSE:MDLY) earned “Market Perform” rating by Wood on Friday, August 12. As per Friday, August 19, the company rating was initiated by Compass Point. Wood maintained the stock with “Market Perform” rating in Friday, August 14 report. As per Thursday, August 20, the company rating was maintained by Deutsche Bank. The rating was downgraded by FBR Capital to “Mkt Perform” on Tuesday, November 3. The firm has “Neutral” rating given on Wednesday, August 17 by Ladenburg Thalmann. Deutsche Bank maintained Medley Management Inc (NYSE:MDLY) rating on Tuesday, August 16. Deutsche Bank has “Buy” rating and $9 price target.
According to Zacks Investment Research, “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.”
More news for Medley Management Inc (NYSE:MDLY) were recently published by: Globenewswire.com, which released: “Medley Management Inc. Committed Over $1 Billion of Capital to U.S. Middle …” on February 23, 2016. Globenewswire.com‘s article titled: “Medley Management Inc. Hires James Frank as Senior Managing Director” and published on May 27, 2015 is yet another important article.
MDLY Company Profile
Medley Management Inc., incorporated on June 13, 2014, is an asset management firm offering yield solutions to retail and institutional investors. The Firm operates in the investment management segment. The Firm is focused on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States. The Firm generally holds these loans to maturity. The Company’s national direct origination franchise provides capital to the middle market in the United States. The Firm has approximately $4.8 billion of assets under management (AUM) in approximately two business development companies (BDCs), Medley Capital Corporation (MCC) and Sierra Income Corporation (SIC), as well as private investment vehicles. It has over $5 billion of AUM. The Firm provides capital to over 300 companies across approximately 35 industries in North America. The Company’s long-dated private funds include MOF I, MOF II and MOF III. The Company’s long-dated private funds are managed through partnership structures.
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