Royce & Associates LP Sells 159,998 Shares of Medley Management Inc (MDLY)
Royce & Associates LP cut its stake in Medley Management Inc (NASDAQ:MDLY) by 35.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 294,202 shares of the company’s stock after selling 159,998 shares during the period. Royce & Associates LP owned about 5.22% of Medley Management worth $1,912,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of MDLY. Municipal Employees Retirement System of Michigan acquired a new stake in Medley Management during the 2nd quarter valued at $725,000. KCG Holdings Inc. acquired a new stake in Medley Management during the 1st quarter valued at $120,000. Renaissance Technologies LLC increased its holdings in Medley Management by 10.6% during the 1st quarter. Renaissance Technologies LLC now owns 132,470 shares of the company’s stock valued at $1,100,000 after purchasing an additional 12,722 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Medley Management by 6.0% during the 1st quarter. TIAA CREF Investment Management LLC now owns 26,190 shares of the company’s stock valued at $217,000 after purchasing an additional 1,482 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Medley Management by 217.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,948 shares of the company’s stock valued at $124,000 after purchasing an additional 10,232 shares in the last quarter.
Shares of Medley Management Inc (NASDAQ:MDLY) opened at 6.15 on Thursday. The firm has a market capitalization of $32.71 million and a PE ratio of 30.75. Medley Management Inc has a 12-month low of $5.60 and a 12-month high of $10.65. The company’s 50-day moving average price is $6.19 and its 200-day moving average price is $6.98.
Medley Management (NASDAQ:MDLY) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). The business had revenue of $16.40 million for the quarter, compared to analyst estimates of $17.97 million. During the same period in the prior year, the company posted $0.14 EPS. Medley Management’s quarterly revenue was down 23.0% on a year-over-year basis. Analysts anticipate that Medley Management Inc will post $0.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 23rd were given a dividend of $0.20 per share. The ex-dividend date was Monday, August 21st. This represents a $0.80 annualized dividend and a yield of 13.01%.
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About Medley Management
Medley 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.
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