Medley Management (MDLY) is Downgraded by Credit Suisse to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Medley Management Inc. has dropped 19.27% during the last 3-month period . Year-to-Date the stock performance stands at -58.29%.
Medley Management Inc. (NYSE:MDLY) has dropped 7.63% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 5.76% in the last 4 weeks. The shares have underperformed the S&P 500 by 6.86% during the past week but Medley Management Inc. (NYSE:MDLY) has outperformed the index in 4 weeks by 8.23%.
Shares of Medley Management Inc. (NYSE:MDLY) ended Thursday session in red amid volatile trading. The shares closed down 0.16 points or 2.74% at $5.69 with 42,483 shares getting traded. Post opening the session at $5.8, the shares hit an intraday low of $5.65 and an intraday high of $5.9 and the price vacillated in this range throughout the day. The company has a market cap of $167 million and the number of outstanding shares have been calculated to be 29,343,153 shares. The 52-week high of Medley Management Inc. (NYSE:MDLY) is $15.14 and the 52-week low is $4.46.
Currently the company Insiders own 0.05% of Medley Management Inc. shares according to the proxy statements. Institutional Investors own 75.71% of Medley Management Inc. shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Medley Management Inc., Ryan Philip K, had purchased 3,000 shares in a transaction dated on November 20, 2014. The transaction was executed at $16.64 per share with total amount equaling $49,920.
Medley Management Inc. is an asset management firm. The Company provides 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. The Company manages two permanent capital vehicles, both of which are business development companies (BDCs), as well as long-dated private funds and separately managed accounts (SMAs).