Medley Management Company Profile (NYSE:MDLY)

About Medley Management

Medley Management logoMedley 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, MOF II and MOF III. Its private funds are managed through partnership structures

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Asset Management
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: MDLY
  • CUSIP:
Key Metrics:
  • Previous Close: $9.80
  • 50 Day Moving Average: $9.76
  • 200 Day Moving Average: $8.97
  • 52-Week Range: $5.10 - $10.65
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 14.20
  • P/E Growth: -136.00
  • Market Cap: $56.93M
  • Outstanding Shares: 5,809,000
  • Beta: 1.44
Profitability:
  • Net Margins: 1.22%
  • Return on Equity: -61.64%
  • Return on Assets: 19.61%
Debt:
  • Debt-to-Equity Ratio: -2.11%
  • Current Ratio: 1.49%
  • Quick Ratio: 1.49%
Additional Links:
Companies Related to Medley Management:

Analyst Ratings

Consensus Ratings for Medley Management (NYSE:MDLY) (?)
Ratings Breakdown: 4 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.33)
Consensus Price Target: $8.05 (17.86% downside)

Analysts' Ratings History for Medley Management (NYSE:MDLY)
Show:
DateFirmActionRatingPrice TargetDetails
11/17/2016Deutsche Bank AGDowngradeBuy -> Hold$9.00 -> $10.50View Rating Details
11/16/2016Ladenburg Thalmann Financial ServicesUpgradeNeutral -> BuyView Rating Details
8/19/2016Compass PointInitiated CoverageBuy$9.25View Rating Details
5/17/2016Keefe, Bruyette & WoodsReiterated RatingHoldView Rating Details
5/13/2016Credit Suisse GroupReiterated RatingHoldView Rating Details
5/13/2016FBR & CoReiterated RatingHold$7.00View Rating Details
6/8/2015Goldman Sachs Group, Inc. (The)Initiated CoverageNeutral$12.00View Rating Details
5/19/2015MLV & Co.Reiterated RatingBuy$15.00 -> $14.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Medley Management (NYSE:MDLY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/12/2016Q216$0.18$0.13$19.70 million$17.57 millionViewListenView Earnings Details
3/18/2016Q116$0.18$0.14$15.98 millionViewListenView Earnings Details
12/4/2015Q415$0.19$0.31ViewN/AView Earnings Details
11/16/2015Q315$0.23$0.16$24.01 million$5.40 millionViewListenView Earnings Details
8/12/2015Q215$0.25$0.22$25.97 millionViewListenView Earnings Details
5/14/2015Q115$0.27$0.25$26.20 million$25.50 millionViewN/AView Earnings Details
3/30/2015Q414$0.27$0.21$26.50 million$16.35 millionViewN/AView Earnings Details
11/13/2014Q314$0.25$0.25$23.96 million$23.80 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Medley Management (NYSE:MDLY)
Current Year EPS Consensus Estimate: $0.56 EPS
Next Year EPS Consensus Estimate: $0.69 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.22$0.25$0.24
Q2 20162$0.23$0.26$0.25
Q3 20162$0.24$0.27$0.26
Q4 20162$0.25$0.28$0.27
Q1 20171$0.23$0.23$0.23
Q2 20171$0.24$0.24$0.24
Q3 20171$0.25$0.25$0.25
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Medley Management (NYSE:MDLY)
Annual Dividend:$0.80
Dividend Yield:8.16%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:2,000.50% (Based on Trailing 12 Months of Earnings)
142.86% (Based on Current Year Consensus EPS Estimate)
115.94% (Based on Next Year Consensus EPS Estimate)

Dividend History for Medley Management (NYSE:MDLY)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/12/2016quarterly$0.2014.36%5/20/20165/24/20166/2/2016
2/12/2016quarterly$0.2015.18%2/22/20162/24/20163/4/2016
11/12/2015quarterly$0.2013.82%11/23/201511/25/201512/4/2015
8/13/2015quarterly$0.209.78%8/24/20158/26/20159/4/2015
3/31/2015quarterly$0.207.28%4/21/20154/23/20155/6/2015
11/14/2014special$0.2012/15/201412/17/20141/5/2015
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Medley Management (NYSE:MDLY)
Insider Ownership Percentage: 2.50%
Institutional Ownership Percentage: 63.57%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/4/2016Mangrove Partners Master Fund,Major ShareholderBuy100$5.92$592.00View SEC Filing  
10/1/2016Mangrove Partners Master Fund,Major ShareholderBuy5,098$7.00$35,686.00View SEC Filing  
9/30/2016Mangrove Partners Master Fund,Major ShareholderBuy2,742$6.63$18,179.46View SEC Filing  
9/29/2016Mangrove Partners Master Fund,Major ShareholderBuy7,600$6.74$51,224.00View SEC Filing  
9/28/2016Mangrove Partners Master Fund,Major ShareholderBuy18,878$7.22$136,299.16View SEC Filing  
9/25/2016Mangrove Partners Master Fund,Major ShareholderBuy4,664$7.09$33,067.76View SEC Filing  
9/24/2016Mangrove Partners Master Fund,Major ShareholderBuy6,945$7.03$48,823.35View SEC Filing  
9/23/2016Mangrove Partners Master Fund,Major ShareholderBuy4,795$7.13$34,188.35View SEC Filing  
9/22/2016Mangrove Partners Master Fund,Major ShareholderBuy5,402$7.18$38,786.36View SEC Filing  
9/21/2016Mangrove Partners Master Fund,Major ShareholderBuy7,852$7.36$57,790.72View SEC Filing  
11/20/2014Philip K RyanDirectorBuy3,000$16.64$49,920.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Medley Management (NYSE:MDLY)
DateHeadline
seekingalpha.com logoNew Preferred Stock IPOs, January 2017 (NYSE:MDLY)
seekingalpha.com - February 4 at 12:13 AM
capitalcube.com logoMedley Management, Inc. : MDLY-US: Dividend Analysis : November 22nd, 2016 (record date) : By the numbers : January 20, 2017 (NYSE:MDLY)
www.capitalcube.com - January 20 at 7:17 PM
us.rd.yahoo.com logo9:51 am Medley Management commences a registered public offering of notes that are expected to mature on January 30, 2024 (NYSE:MDLY)
us.rd.yahoo.com - January 12 at 7:02 PM
seekingalpha.com logoThis 7% Bond Is Now An 8% Bond While The Company Rallied Another 30% (NYSE:MDLY)
seekingalpha.com - November 29 at 2:54 PM
finance.yahoo.com logoEdited Transcript of MDLY earnings conference call or presentation 15-Nov-16 3:00pm GMT (NYSE:MDLY)
finance.yahoo.com - November 16 at 9:47 AM
seekingalpha.com logoMedley Management's (MDLY) CEO Brook Taube on Q3 2016 Results - Earnings Call Transcript (NYSE:MDLY)
seekingalpha.com - November 15 at 6:43 PM
biz.yahoo.com logoMEDLEY MANAGEMENT INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex (NYSE:MDLY)
biz.yahoo.com - November 14 at 6:27 PM
biz.yahoo.com logoQ3 2016 Medley Management Inc Earnings Release - After Market Close (NYSE:MDLY)
biz.yahoo.com - November 14 at 10:10 AM
seekingalpha.com logoA 7.4% Yield To Maturity, A- Rating, And Trading Under Par - A Rare Find In The Hunt For Yield (NYSE:MDLY)
seekingalpha.com - October 31 at 6:11 PM
capitalcube.com logoMedley Management, Inc. : MDLY-US: Dividend Analysis : August 24th, 2016 (record date) : By the numbers : October 21, 2016 (NYSE:MDLY)
www.capitalcube.com - October 21 at 6:07 PM
nasdaq.com logoMedley Management Inc. Schedules Earnings Release Date and Webcast for the Quarter Ended September (NYSE:MDLY)
www.nasdaq.com - October 18 at 5:57 PM
finance.yahoo.com logoMedley Management Inc. Schedules Earnings Release Date and Webcast for the Quarter Ended September 30, … (NYSE:MDLY)
finance.yahoo.com - October 18 at 11:19 AM
4-traders.com logoMedley Management : David G. Richards Joins Medley Management as a Managing Director and Portfolio Manager of Sierra Total Return Fund (NYSE:MDLY)
www.4-traders.com - October 14 at 5:55 PM
4-traders.com logoMedley Management : Announces Closing of Medley LLC Public Offering of $25 Million of 6.875% Notes Due 2026 (NYSE:MDLY)
www.4-traders.com - September 19 at 6:03 PM
thestreet.com logoMDLY Crosses Above Average Analyst Target (NYSE:MDLY)
www.thestreet.com - September 9 at 5:50 PM
finance.yahoo.com logoMedley Management (MDLY) Catches Eye: Stock Jumps 7.2% (NYSE:MDLY)
finance.yahoo.com - September 7 at 9:37 AM
finance.yahoo.com logoMedley's Growth Initiatives Are Already Priced Into The Stock (NYSE:MDLY)
finance.yahoo.com - August 17 at 6:21 PM
capitalcube.com logoMedley Management, Inc. :MDLY-US: Earnings Analysis: Q2, 2016 By the Numbers : August 15, 2016 (NYSE:MDLY)
www.capitalcube.com - August 15 at 6:20 PM
finance.yahoo.com logoEdited Transcript of MDLY earnings conference call or presentation 11-Aug-16 2:00pm GMT (NYSE:MDLY)
finance.yahoo.com - August 12 at 9:23 AM
biz.yahoo.com logoMedley Management Inc Earnings Call scheduled for 10:00 am ET today (NYSE:MDLY)
biz.yahoo.com - August 11 at 9:19 AM
biz.yahoo.com logoMEDLEY MANAGEMENT INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial (NYSE:MDLY)
biz.yahoo.com - August 10 at 6:33 PM
publicnow.com logoMedley Capital Corporation Announces June 30, 2016 Financial Results; Board Declares Dividend of $0.22 Per Share for the Third Fiscal Quarter of 2016 (NYSE:MDLY)
www.publicnow.com - August 9 at 9:13 AM
publicnow.com logoMedley Management Announces Public Offering of Medley LLC Notes Due 2026 (NYSE:MDLY)
www.publicnow.com - August 2 at 10:55 AM
capitalcube.com logoETF’s with exposure to Medley Management, Inc. : July 26, 2016 (NYSE:MDLY)
www.capitalcube.com - July 26 at 12:51 PM
nasdaq.com logoMedley Management Inc. Schedules Earnings Release Date and Webcast for the Quarter Ended June 30, 2 (NYSE:MDLY)
www.nasdaq.com - July 12 at 6:22 PM
capitalcube.com logoETF’s with exposure to Medley Management, Inc. : June 23, 2016 (NYSE:MDLY)
www.capitalcube.com - June 23 at 1:44 PM
biz.yahoo.com logoMEDLEY MANAGEMENT INC. Files SEC form 8-K, Entry into a Material Definitive Agreement (NYSE:MDLY)
biz.yahoo.com - June 3 at 5:11 PM
capitalcube.com logoMedley Management, Inc. :MDLY-US: Earnings Analysis: Q1, 2016 By the Numbers : May 26, 2016 (NYSE:MDLY)
www.capitalcube.com - May 26 at 11:56 AM

Social

What is Medley Management's stock symbol?

Medley Management trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDLY."

How often does Medley Management pay dividends? What is the dividend yield for Medley Management?

Medley Management announced a quarterly dividend on Thursday, May 12th. Investors of record on Tuesday, May 24th will be given a dividend of $0.20 per share on Thursday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend is Friday, May 20th.

Where is Medley Management's stock going? Where will Medley Management's stock price be in 2017?

6 analysts have issued 12-month price objectives for Medley Management's shares. Their forecasts range from $6.00 to $10.50. On average, they expect Medley Management's share price to reach $8.05 in the next year.

What are analysts saying about Medley Management stock?

Here are some recent quotes from research analysts about Medley Management stock:

  • 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. " (5/17/2016)

  • Credit Suisse Group analysts commented, "We are adjusting our 2016/17 EPS estimates after earnings results to $0.61/0.66 from $0.75/0.80." (5/13/2016)

  • FBR & Co analysts commented, "MDLY reported 1Q16 net investment income EPS of $0.13, below our estimate and consensus. The impact to earnings from performance fee reversals declined, but was partially offset by a decline in management fees due to a reduced fee structure for MDLY’s publicly traded BDC (Medley Capital Corp. – MCC – MP) going into effect. Further, fee earning AUM (FE AUM) declined, for a second consecutive quarter, at an accelerated pace vs. 4Q15. Going forward, we expect that the Department of Labor (DOL) rule implemented in April will negatively affect the sale of Sierra Income Corp., MDLY’s non-traded BDC, and continue to anticipate incremental FE AUM growth to be driven by non-BDC retail products and institutional business. We expect these will offer lower base management fee yields compared to BDCs." (5/13/2016)

How do I buy Medley Management stock?

Shares of Medley Management can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Medley Management stock cost?

One share of Medley Management stock can currently be purchased for approximately $9.80.

Medley Management (NYSE:MDLY) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Medley Management (NYSE:MDLY)

Earnings History Chart

Earnings by Quarter for Medley Management (NYSE:MDLY)

Dividend History Chart

Dividend Payments by Quarter for Medley Management (NYSE:MDLY)

Last Updated on 2/24/2017 by MarketBeat.com Staff