A statement released earlier today by Deutsche Bank about Medley Management (NYSE:MDLY) raises the target price to $9.00
- Updated: September 17, 2016
Displaying a price of $7.77, Medley Management (NYSE:MDLY) traded 3.60% higher on the day. The last stock close is up 29.41% from the 200-day average, compared to the S&P 500 Index which has decreased -0.01% over the date range. MDLY has been tracking to a 50-day average of $7.58 and two hundred day average of $6.44. Trading volume was was up over the average, with 90,358 shares of MDLY changing hands over the typical 44,216 shares.
In an issued report on 8/16/2016 Deutsche Bank increased the target price of Medley Management (NYSE:MDLY) from $6 to $9 indicating a possible upsideof 0.16%.
Previously on 5/13/2016, Deutsche Bank reported about Medley Management(NYSE:MDLY) dropped the target price from $7.00 to $6.25 that suggested an upside of 0.16%.
Recent Performance Chart:
A total of 5 equity analysts have reported on the company. One analyst rate the company a strong buy, one analyst rate the stock a buy, three analyts rate the stock a hold, 0 rate the stock to underperform, and finally 0 firmsrate the stock as sell with a consensus target price of $6.65
With a market capitalization of $0.0, Medley Management has a one-year low of $3.43 and a 52 week high of $8.45 with a P/E ratio of 144.
More About Medley Management (NYSE:MDLY)
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. The Company generally holds these loans to maturity. Its national direct origination franchise provides capital to the middle market in the United States. The Company has over $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 Company provides capital to over 300 companies across approximately 35 industries in North America. The Company’s long-dated private funds include MOF I, and MOF II and MOF III. Its private funds are managed through partnership structures
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