Medley Management (MDLY) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Medley Management (NYSE:MDLY) released its quarterly earnings results on Wednesday. The asset manager reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02), Zacks reports. Medley Management had a negative return on equity of 3.11% and a negative net margin of 2.28%. The business had revenue of $13.77 million during the quarter.

NYSE:MDLY opened at $2.38 on Friday. Medley Management has a 1 year low of $2.37 and a 1 year high of $5.74. The firm has a market capitalization of $15.94 million, a PE ratio of 54.80 and a beta of 1.46.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Monday, April 15th were paid a $0.03 dividend. The ex-dividend date was Friday, April 12th. This represents a $0.12 annualized dividend and a dividend yield of 5.04%.

Separately, ValuEngine raised Medley Management from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd.

In other news, major shareholder Jacobs Asset Management, Llc sold 32,737 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $3.37, for a total value of $110,323.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 37,260 shares of company stock valued at $125,660. Company insiders own 5.06% of the company’s stock.

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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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Earnings History for Medley Management (NYSE:MDLY)

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