PVG Asset Management Corp Acquires 25,883 Shares of Medley Management Inc (MDLY)

PVG Asset Management Corp grew its position in shares of Medley Management Inc (NYSE:MDLY) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,423 shares of the asset manager’s stock after purchasing an additional 25,883 shares during the period. PVG Asset Management Corp owned approximately 4.03% of Medley Management worth $866,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MDLY. Credit Suisse AG purchased a new position in Medley Management in the third quarter valued at $1,313,000. Putnam Investments LLC purchased a new position in Medley Management in the third quarter valued at $1,238,000. Rational Advisors LLC increased its holdings in Medley Management by 7.7% in the fourth quarter. Rational Advisors LLC now owns 179,983 shares of the asset manager’s stock valued at $695,000 after buying an additional 12,883 shares during the last quarter. Renaissance Technologies LLC grew its holdings 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 during the last quarter. Finally, Southside Capital LLC purchased a new position in shares of Medley Management during the fourth quarter worth about $36,000. Institutional investors own 56.75% of the company’s stock.

Shares of MDLY stock traded down $0.01 during mid-day trading on Monday, hitting $3.24. 13,400 shares of the stock were exchanged, compared to its average volume of 68,182. Medley Management Inc has a 12-month low of $2.88 and a 12-month high of $5.80. The firm has a market cap of $18.72 million, a price-to-earnings ratio of 40.88 and a beta of 1.55.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Monday, April 15th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.12 annualized dividend and a dividend yield of 3.70%.

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

In other news, major shareholder Jacobs Asset Management, Llc sold 47,400 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $4.02, for a total transaction of $190,548.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 109,700 shares of company stock valued at $417,289 in the last quarter. Insiders own 5.06% 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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Institutional Ownership by Quarter for Medley Management (NYSE:MDLY)

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