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

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

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

MDLY stock opened at $3.26 on Wednesday. Medley Management Inc has a fifty-two week low of $2.88 and a fifty-two week high of $5.95. The stock has a market capitalization of $19.15 million, a price-to-earnings ratio of 42.25 and a beta of 1.55.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Monday, April 15th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Friday, April 12th.

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

A number of hedge funds have recently bought and sold shares of the business. Credit Suisse AG purchased a new stake in Medley Management in the third quarter worth about $1,313,000. Putnam Investments LLC purchased a new stake in Medley Management in the third quarter worth about $1,238,000. PVG Asset Management Corp increased its position in Medley Management by 13.0% in the fourth quarter. PVG Asset Management Corp now owns 224,423 shares of the asset manager’s stock worth $866,000 after buying an additional 25,883 shares in the last quarter. Rational Advisors LLC increased its position in Medley Management by 7.7% in the fourth quarter. Rational Advisors LLC now owns 179,983 shares of the asset manager’s stock worth $695,000 after buying an additional 12,883 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Medley Management by 32.7% in the third quarter. Renaissance Technologies LLC now owns 39,400 shares of the asset manager’s stock worth $207,000 after buying an additional 9,700 shares in the last quarter. 56.75% of the stock is currently owned by institutional investors.

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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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