MDLY Stock Price Increases Over 50% Pre-Market: Why It Happened

By Amit Chowdhry ● January 21, 2021
  • The stock price of Medley Management Inc (NYSE: MDLY) is trading up more than 50% pre-market. This is why it happened.

The stock price of Medley Management Inc (NYSE: MDLY) is trading up more than 50% pre-market. And it appears that one of the triggers for the stock price increase has to do with the company’s management filing some significant insider transactions.

Medley is known as an alternative asset management firm that offers yield solutions to retail and institutional investors. And Medley’s national direct origination franchise is a premier provider of capital to the middle market in the U.S. Medley has about $3.4 billion of assets under management in two business development companies Medley Capital Corporation (NYSE:MCC) (TASE:MCC) and Sierra Income Corporation, and several private investment vehicles. And over the past 18 years, Medley has provided capital to over 400 companies across 35 industries in North America.

The company had reported its third-quarter 2020 results on November 16. Medley said that its fee-earning assets under management were $1.7 billion as of September 30, 2020. And total revenues were $8.3 million for the three months ended September 30, 2020, and $24.8 million for the nine months ended September 30, 2020. For the quarter, the U.S. GAAP net loss per share attributable to Medley Management was $0.19 and the core net loss per share was $0.16 for Q3 2020.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.