Jacobs Asset Management, Llc Sells 4,223 Shares of Medley Management Inc (MDLY) Stock

Medley Management Inc (NYSE:MDLY) major shareholder Jacobs Asset Management, Llc sold 4,223 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $3.39, for a total transaction of $14,315.97. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Jacobs Asset Management, Llc also recently made the following trade(s):

  • On Wednesday, April 17th, Jacobs Asset Management, Llc sold 300 shares of Medley Management stock. The stock was sold at an average price of $3.40, for a total transaction of $1,020.00.
  • On Thursday, March 28th, Jacobs Asset Management, Llc sold 32,737 shares of Medley Management stock. The stock was sold at an average price of $3.37, for a total transaction of $110,323.69.
  • On Wednesday, February 13th, Jacobs Asset Management, Llc sold 396 shares of Medley Management stock. The stock was sold at an average price of $4.05, for a total transaction of $1,603.80.
  • On Friday, February 15th, Jacobs Asset Management, Llc sold 11,808 shares of Medley Management stock. The stock was sold at an average price of $4.05, for a total transaction of $47,822.40.
  • On Monday, February 11th, Jacobs Asset Management, Llc sold 13,136 shares of Medley Management stock. The stock was sold at an average price of $4.01, for a total transaction of $52,675.36.
  • On Friday, February 8th, Jacobs Asset Management, Llc sold 47,400 shares of Medley Management stock. The stock was sold at an average price of $4.02, for a total transaction of $190,548.00.

Shares of MDLY stock traded up $0.05 during trading hours on Friday, hitting $3.01. The company’s stock had a trading volume of 18,440 shares, compared to its average volume of 62,655. The firm has a market capitalization of $17.48 million, a PE ratio of 36.63 and a beta of 1.46. Medley Management Inc has a twelve month low of $2.84 and a twelve month high of $5.80.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Monday, April 15th were given a $0.03 dividend. The ex-dividend date was Friday, April 12th. This represents a $0.12 annualized dividend and a dividend yield of 3.99%.

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

Several hedge funds have recently added to or reduced their stakes in MDLY. Credit Suisse AG acquired a new stake in shares of Medley Management in the third quarter valued at approximately $1,313,000. Renaissance Technologies LLC grew 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 valued at $207,000 after purchasing an additional 9,700 shares during the last quarter. Putnam Investments LLC acquired a new stake in shares of Medley Management in the third quarter valued at approximately $1,238,000. Southside Capital LLC acquired a new stake in shares of Medley Management in the fourth quarter valued at approximately $36,000. Finally, Rational Advisors LLC grew 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 valued at $695,000 after purchasing an additional 12,883 shares during the last quarter. Institutional investors and hedge funds own 54.30% 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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