UPDATE: Gilford Securities Initiates Coverage On Medley Management On Positive Outlook

In a report published Tuesday, Gilford Securities analyst Casey Alexander initiated coverage on

with a Buy rating and $21.00 price target. In the report, Gilford Securities noted, “Medley Management Inc.

is a rapidly growing asset management firm. MDLY currently has approximately $3.3 billion of Assets Under Management (AUM) as of June 30, 2014. MDLY focuses almost all of their efforts on originating senior secured loans to private middle market companies in the United States that have revenues between $50 million and $1 billion. In doing so MDLY provides institutional and retail investors with yield-oriented investment products that pay periodic dividends or distributions that seeks to offer attractive risk-adjusted returns.” Medley Management closed on Monday at $15.70.