Medley Management (MDLY) Hits New 52-Week Low at $2.75

Medley Management Inc (NYSE:MDLY)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $2.75 and last traded at $2.76, with a volume of 23770 shares changing hands. The stock had previously closed at $2.90.

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

The company has a market capitalization of $16.87 million, a P/E ratio of 36.25 and a beta of 1.46.



Medley Management (NYSE:MDLY) last announced its quarterly earnings results on Monday, April 1st. The asset manager reported ($0.03) EPS for the quarter. The firm had revenue of $12.57 million for the quarter. Medley Management had a negative return on equity of 3.76% and a negative net margin of 4.30%.

The business also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Monday, April 15th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend was Friday, April 12th.

In other news, major shareholder Jacobs Asset Management, Llc sold 11,808 shares of the company’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $4.05, for a total value of $47,822.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 49,068 shares of company stock valued at $173,482 in the last ninety days. Company insiders own 5.06% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Rational Advisors LLC boosted its position in shares of Medley Management by 7.7% in the fourth quarter. Rational Advisors LLC now owns 179,983 shares of the asset manager’s stock worth $695,000 after buying an additional 12,883 shares during the period. Southside Capital LLC purchased a new stake in shares of Medley Management in the fourth quarter worth about $36,000. Renaissance Technologies LLC boosted its position in shares of Medley Management by 32.7% in the third quarter. Renaissance Technologies LLC now owns 39,400 shares of the asset manager’s stock worth $207,000 after buying an additional 9,700 shares during the period. PVG Asset Management Corp boosted its position in shares of Medley Management by 13.0% in the fourth quarter. PVG Asset Management Corp now owns 224,423 shares of the asset manager’s stock worth $866,000 after buying an additional 25,883 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Medley Management by 221.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,000 shares of the asset manager’s stock worth $31,000 after buying an additional 6,201 shares during the period. 54.30% of the stock is owned by institutional investors.

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Medley Management Company Profile (NYSE:MDLY)

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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