TIAA CREF Investment Management LLC increased its position in shares of Medley Management Inc (NASDAQ:MDLY) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,190 shares of the company’s stock after buying an additional 1,482 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.45% of Medley Management worth $217,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. West Family Investments Inc. bought a new stake in Medley Management during the 1st quarter worth approximately $333,000. Bank of New York Mellon Corp grew its holdings in shares of Medley Management by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 47,084 shares of the company’s stock valued at $391,000 after acquiring an additional 3,208 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Medley Management by 217.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,948 shares of the company’s stock valued at $124,000 after acquiring an additional 10,232 shares in the last quarter.
Medley Management Inc (NASDAQ:MDLY) traded up 2.50% during trading on Friday, hitting $6.15. The stock had a trading volume of 48,588 shares. The stock’s 50-day moving average price is $6.16 and its 200-day moving average price is $6.94. The company has a market capitalization of $32.71 million and a P/E ratio of 30.75. Medley Management Inc has a 1-year low of $5.60 and a 1-year high of $10.65.
Medley Management (NASDAQ:MDLY) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The business had revenue of $16.40 million for the quarter, compared to analyst estimates of $17.97 million. The company’s revenue was down 23.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. Analysts expect that Medley Management Inc will post $0.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 23rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.01%.
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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.
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