Medley Management (NYSE:MDLY) Shares Cross Below Fifty Day Moving Average of $2.18

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Shares of Medley Management Inc (NYSE:MDLY) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.18 and traded as low as $0.55. Medley Management shares last traded at $0.68, with a volume of 62,300 shares changing hands.

Separately, ValuEngine lowered Medley Management from a “hold” rating to a “sell” rating in a report on Friday, March 13th.

The stock has a market cap of $4.06 million, a price-to-earnings ratio of -4.17 and a beta of 1.21. The stock has a fifty day simple moving average of $2.13 and a 200-day simple moving average of $2.90.

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 33.60%. The ex-dividend date was Wednesday, February 26th.

Several large investors have recently made changes to their positions in MDLY. Renaissance Technologies LLC raised its stake in Medley Management by 11.9% in the fourth quarter. Renaissance Technologies LLC now owns 212,998 shares of the asset manager’s stock valued at $630,000 after buying an additional 22,600 shares during the period. Clear Harbor Asset Management LLC raised its holdings in shares of Medley Management by 44.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 172,860 shares of the asset manager’s stock worth $512,000 after purchasing an additional 53,220 shares during the period. Shoals Capital Management LP bought a new stake in shares of Medley Management in the 4th quarter worth approximately $332,000. Finally, UBS Group AG raised its holdings in shares of Medley Management by 263.5% in the 4th quarter. UBS Group AG now owns 11,135 shares of the asset manager’s stock worth $33,000 after purchasing an additional 8,072 shares during the period. 42.31% of the stock is currently owned by institutional investors.

Medley Management Company Profile (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.

Read More: Why is the ex-dividend date different from the record date?

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