(NYSE:MDLY) shares saw light trading volume with 8,706 shares changing hands in the last trading session. Overall, volume was down 82.64% under the stocks normal daily volume.
Short traders are feeling a little more bullish on shares of the company lately as inferred by the motion in short interest. The firm saw a fall in short interest from July 31, 2017 to August 15, 2017 of -17.68%. Short interest fell from 169,277 to 139,348 over that timeframe. Days to cover increased 3.0 to 3.0 and the short interest percentage is 0.02% as of August 15.
A few notable investment firms have updated their holdings. As of quarter end Ubs Group Ag had disposed of 1,198 shares trimming its stake by 50.5%. The value of the investment in MDLY went from $20,000 to $8,000 decreasing 60.0% for the reporting period. As of the end of the quarter Spark Investment Management LLC had sold a total of 3,600 shares trimming its position 8.9%. The value of the total investment in Medley Management Inc. Class A decreased from $335,000 to $239,000 a change of 28.7% quarter to quarter.
Brown Advisory Inc expanded its stake by buying 2,619 shares an increase of 71.1% in the quarter. Brown Advisory Inc currently owns 6,301 shares valued at $41,000. The value of the position overall is up by 32.3%. Blackrock Inc. divested its investment by shedding 20,049 shares a decrease of 99.3% from 03/31/2017 to 06/30/2017. Blackrock Inc. now holds 151 shares worth $1,000. The total value of its holdings decreased 99.4%.
The company is up by 0.82% percent from yesterday’s close. The company also announced a dividend which was paid on Wednesday May 31st, 2017. The dividend was $0.200 per share for the quarter or $0.80 annualized. The dividend yield was $13.56. The ex-dividend date was Monday the 21st of August 2017.
The stock last traded at $6.15 marginally under $6.19, the 50 day moving average and significantly lower than the 200 day moving average of $6.98. The 50 day moving average went down $-0.04 or -0.58% and the 200 day average was down $-0.83.
The company currently has a P/E ratio of 30.75 and the market cap is 32.71M. In the last earnings report the EPS was $0.20 and is projected to be $0.47 for the current year with 5,318,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.14 with next year’s EPS anticipated to be $0.63.
Medley Management Inc., launched on June 13, 2014, is an asset management firm offering yield solutions to retail and institutional investors. The Company operates in the investment management segment. The Company is focused on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States. The Company generally holds these loans to maturity. Its national direct origination franchise provides capital to the middle market in the United States. The Company has approximately $4.8 billion of assets under management (AUM) in approximately two business development companies (BDCs), Medley Capital Corporation (MCC) and Sierra Income Corporation (SIC), as well as private investment vehicles. It has over $5 billion of AUM. The Company provides capital to over 300 companies across approximately 35 industries in North America. The Business’s long-dated private funds include MOF I, MOF II and MOF III. Its long-dated private funds are managed through partnership structures..