Medley Management (NYSE:MDLY) Trading Down 15.2%

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Medley Management Inc (NYSE:MDLY)’s stock price traded down 15.2% during mid-day trading on Thursday . The stock traded as low as $0.61 and last traded at $0.68, 20,319 shares were traded during mid-day trading. A decline of 85% from the average session volume of 133,028 shares. The stock had previously closed at $0.80.

Separately, ValuEngine cut Medley Management from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 2nd.

The business has a 50 day simple moving average of $0.44 and a 200-day simple moving average of $1.86. The stock has a market capitalization of $3.78 million, a price-to-earnings ratio of -0.83 and a beta of 1.42.

Medley Management (NYSE:MDLY) last released its quarterly earnings data on Friday, May 15th. The asset manager reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.09). The firm had revenue of $7.87 million during the quarter. Medley Management had a negative net margin of 10.33% and a negative return on equity of 0.13%.

Several hedge funds and other institutional investors have recently modified their holdings of MDLY. Shoals Capital Management LP bought a new stake in shares of Medley Management in the 4th quarter valued at approximately $332,000. Advisor Group Holdings Inc. acquired a new position in Medley Management during the 1st quarter valued at approximately $50,000. Renaissance Technologies LLC boosted its position in Medley Management by 11.9% during the 4th quarter. Renaissance Technologies LLC now owns 212,998 shares of the asset manager’s stock valued at $630,000 after purchasing an additional 22,600 shares during the period. Finally, UBS Group AG boosted its position in Medley Management by 263.5% during the 4th quarter. UBS Group AG now owns 11,135 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 8,072 shares during the period. Institutional investors and hedge funds own 36.84% of the company’s stock.

About Medley Management (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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