Zacks Investment Research cut shares of Medley Management Inc (NASDAQ:MDLY) from a hold rating to a sell rating in a research report report published on Thursday morning.

According to Zacks, “Medley Management Inc. is an asset management firm. It engages in providing institutional and retail investors with yield-oriented investment products that pay periodic dividends or distributions. The Company focuses on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States. Medley Management Inc. is based in New York. “

Medley Management (NASDAQ MDLY) traded up $0.10 during mid-day trading on Thursday, hitting $5.90. 31,935 shares of the stock were exchanged, compared to its average volume of 33,603. Medley Management has a twelve month low of $5.50 and a twelve month 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 for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The company had revenue of $16.40 million for the quarter, compared to analysts’ expectations of $17.97 million. The company’s revenue was down 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Medley Management by 10.6% during the first quarter. Renaissance Technologies LLC now owns 132,470 shares of the company’s stock worth $1,100,000 after acquiring an additional 12,722 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Medley Management by 6.0% during the first quarter. TIAA CREF Investment Management LLC now owns 26,190 shares of the company’s stock worth $217,000 after acquiring an additional 1,482 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Medley Management by 7.3% during the first quarter. Bank of New York Mellon Corp now owns 47,084 shares of the company’s stock worth $391,000 after acquiring an additional 3,208 shares during the last quarter. KCG Holdings Inc. acquired a new position in Medley Management during the first quarter worth about $120,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Medley Management during the second quarter worth about $725,000.

Medley Management Company 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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