Medley Management Inc Declares Quarterly Dividend of $0.20 (MDLY)

Medley Management Inc (NYSE:MDLY) announced a quarterly dividend on Wednesday, November 7th, NASDAQ reports. Shareholders of record on Wednesday, November 28th will be given a dividend of 0.20 per share by the asset manager on Wednesday, December 12th. This represents a $0.80 dividend on an annualized basis and a yield of 14.29%. The ex-dividend date is Tuesday, November 27th.

MDLY opened at $5.60 on Monday. Medley Management has a fifty-two week low of $3.10 and a fifty-two week high of $7.15. The firm has a market cap of $31.18 million, a price-to-earnings ratio of 35.00 and a beta of 1.30.

Medley Management (NYSE:MDLY) last posted its quarterly earnings results on Wednesday, November 14th. The asset manager reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.02). Medley Management had a negative return on equity of 7.40% and a negative net margin of 3.75%. The business had revenue of $14.40 million for the quarter.

In other Medley Management news, major shareholder Jacobs Asset Management, Llc acquired 49,900 shares of the business’s stock in a transaction on Friday, October 19th. The shares were acquired at an average price of $5.20 per share, with a total value of $259,480.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have purchased 71,441 shares of company stock worth $375,894. 5.06% of the stock is owned by insiders.

A number of equities research analysts have weighed in on MDLY shares. Credit Suisse Group lifted their price target on shares of Medley Management from $3.80 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 14th. Compass Point set a $6.00 target price on shares of Medley Management and gave the company a “hold” rating in a research note on Sunday, August 12th. Finally, ValuEngine downgraded shares of Medley Management from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd.

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About Medley Management

Medley Management Inc is an investment holding company and operate and control all of the business and affairs of Medley LLC and its subsidiaries. Medley Management Inc was incorporated on June 13, 2014 and is based in New York, New York.

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Dividend History for Medley Management (NYSE:MDLY)

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