Royce & Associates LP trimmed its position in Medley Management Inc (NYSE:MDLY) by 10.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,900 shares of the asset manager’s stock after selling 31,302 shares during the period. Royce & Associates LP owned approximately 4.80% of Medley Management worth $1,709,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of MDLY. Northern Trust Corp increased its holdings in Medley Management by 0.6% during the 2nd quarter. Northern Trust Corp now owns 62,636 shares of the asset manager’s stock worth $407,000 after purchasing an additional 400 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Medley Management by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 82,107 shares of the asset manager’s stock worth $534,000 after purchasing an additional 4,442 shares in the last quarter. State Street Corp increased its holdings in Medley Management by 9.6% during the 2nd quarter. State Street Corp now owns 92,904 shares of the asset manager’s stock worth $603,000 after purchasing an additional 8,158 shares in the last quarter. Finally, Rational Advisors LLC bought a new stake in Medley Management during the 4th quarter worth approximately $1,086,000. 63.33% of the stock is owned by institutional investors and hedge funds.
Medley Management Inc (MDLY) traded up $0.30 during trading on Wednesday, reaching $6.65. The company had a trading volume of 44,215 shares, compared to its average volume of 16,872. Medley Management Inc has a fifty-two week low of $5.50 and a fifty-two week high of $8.95. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of -1.92. The stock has a market capitalization of $34.50, a P/E ratio of 14.65 and a beta of 1.31.
Several equities analysts have recently issued reports on MDLY shares. Zacks Investment Research raised Medley Management from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. ValuEngine raised Medley Management from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.67.
COPYRIGHT VIOLATION NOTICE: “Medley Management Inc (MDLY) Shares Sold by Royce & Associates LP” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://stocknewstimes.com/2018/03/14/royce-associates-lp-sells-31302-shares-of-medley-management-inc-mdly.html.
Medley Management Profile
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.
Receive News & Ratings for Medley Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medley Management and related companies with MarketBeat.com's FREE daily email newsletter.