Medley Management Inc (MDLY) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp reduced its position in Medley Management Inc (NASDAQ:MDLY) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,680 shares of the company’s stock after selling 1,404 shares during the period. Bank of New York Mellon Corp owned approximately 0.81% of Medley Management worth $297,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDLY. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Medley Management during the 2nd quarter valued at about $725,000. KCG Holdings Inc. purchased a new stake in Medley Management during the 1st quarter worth approximately $120,000. Renaissance Technologies LLC increased its holdings in Medley Management by 10.6% during the 1st quarter. Renaissance Technologies LLC now owns 132,470 shares of the company’s stock worth $1,100,000 after purchasing an additional 12,722 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in Medley Management by 6.0% during the 1st quarter. TIAA CREF Investment Management LLC now owns 26,190 shares of the company’s stock worth $217,000 after purchasing an additional 1,482 shares during the last quarter.
Medley Management Inc (NASDAQ:MDLY) opened at $5.75 on Friday.
Medley Management (NASDAQ:MDLY) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). The firm had revenue of $16.40 million during the quarter, compared to analyst estimates of $17.97 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was down 23.0% on a year-over-year basis.
Separately, Zacks Investment Research upgraded Medley Management from a “sell” rating to a “hold” rating and set a $6.75 price target for the company in a report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $8.79.
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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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