Medley Management Inc. Class A (MDLY) had a rough trading day for Wednesday November 13 as shares tumbled 11.78%, or a loss of $-0.37 per share, to close at $2.77. After opening the day at $3.08, shares of Medley Management Inc. Class A traded as high as $3.12 and as low as $2.51. Volume was 148,142 shares over 395 trades, against an average daily volume of n/a shares and a total float of 32.21 million.
As a result of the decline, Medley Management Inc. Class A now has a market cap of $89.22 million. In the last year, shares of Medley Management Inc. Class A have traded between a range of $5.74 and $2.17, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Medley Management Inc is an asset management company providing its services mainly to retail and institutional investors. It provides credit-focused investment strategies through various funds and products that meet the needs of a wide range of retail and institutional investors. The company manages two permanent capital vehicles, both of which are business development companies, as well as long-dated private funds and separately managed accounts. The company focuses on credit-related investment strategies originating senior secured loans to private middle market companies in the United States. The company recognizes most of its revenues through management fees.
Medley Management Inc. Class A is based out of New York, NY and has some 76 employees. Its CEO is Seth Taube / Brook Taube.
Medley Management Inc. Class A is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.