Compass Point Initiates Coverage on Medley Management Inc to Buy

Compass Point Initiates Coverage on Medley Management Inc(NYSE:MDLY). The shares have been rated Buy. The rating by Compass Point was issued on Aug 19, 2016.

In a different note, On Aug 17, 2016, Ladenburg Thalmann said it Downgrades its rating on Medley Management Inc. In the research note, the firm Raises the price-target to $6.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 16, 2016, Deutsche Bank said it Maintains its rating on Medley Management Inc. In the research note, the firm Raises the price-target to $6.25 per share. The shares have been rated ‘Buy’ by the firm. On Aug 12, 2016, Keefe Bruyette & Woods said it Maintains its rating on Medley Management Inc. In the research note, the firm Raises the price-target to $5.50 per share. The shares have been rated ‘Market Perform’ by the firm.

Medley Management Inc (MDLY) made into the market gainers list on Mondays trading session with the shares advancing 1.90% or 0.14 points. Due to strong positive momentum, the stock ended at $7.52, which is also near the day’s high of $7.559. The stock began the session at $7.39 and the volume stood at 73,815 shares. The 52-week high of the shares is $8.37 and the 52 week low is $3.43. The company has a current market capitalization of $219 M and it has 2,91,11,159 shares in outstanding.

Medley Management Inc(MDLY) last announced its earnings results on Aug 11, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $21.33M. Analysts had an estimated revenue of $19.30M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.16.

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.

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