Insider Buying: Medley Management Inc (MDLY) Major Shareholder Buys $261,500.00 in Stock

Medley Management Inc (NYSE:MDLY) major shareholder Jacobs Asset Management, Llc purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, November 28th. The stock was purchased at an average price of $5.23 per share, with a total value of $261,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Jacobs Asset Management, Llc also recently made the following trade(s):

  • On Friday, November 9th, Jacobs Asset Management, Llc purchased 21,068 shares of Medley Management stock. The stock was purchased at an average price of $5.41 per share, with a total value of $113,977.88.
  • On Friday, October 26th, Jacobs Asset Management, Llc purchased 3 shares of Medley Management stock. The stock was purchased at an average price of $5.15 per share, with a total value of $15.45.
  • On Wednesday, October 24th, Jacobs Asset Management, Llc purchased 470 shares of Medley Management stock. The stock was purchased at an average price of $5.15 per share, with a total value of $2,420.50.
  • On Friday, October 19th, Jacobs Asset Management, Llc bought 49,900 shares of Medley Management stock. The shares were bought at an average price of $5.20 per share, with a total value of $259,480.00.

Medley Management stock opened at $4.99 on Friday. The firm has a market cap of $28.51 million, a price-to-earnings ratio of 32.00 and a beta of 1.30. Medley Management Inc has a twelve month low of $3.10 and a twelve month high of $7.15.



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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 28th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.80 dividend on an annualized basis and a yield of 16.03%.

A number of analysts have weighed in on the company. Compass Point set a $6.00 target price on Medley Management and gave the stock a “hold” rating in a report on Sunday, August 12th. Credit Suisse Group upped their target price on Medley Management from $3.80 to $6.00 and gave the stock a “neutral” rating in a report on Tuesday, August 14th.

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in shares of Medley Management by 32.7% during the third quarter. Renaissance Technologies LLC now owns 39,400 shares of the asset manager’s stock worth $207,000 after purchasing an additional 9,700 shares in the last quarter. Fondren Management LP acquired a new position in shares of Medley Management during the second quarter worth $435,000. ING Groep NV acquired a new position in shares of Medley Management during the third quarter worth $945,000. Putnam Investments LLC acquired a new position in shares of Medley Management during the third quarter worth $1,238,000. Finally, Credit Suisse AG acquired a new position in shares of Medley Management during the third quarter worth $1,313,000. Institutional investors own 60.19% 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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