Key Points
- Moelis & Company’s general counsel sold 4,850 shares at an average price of $69.30, generating $336,105 and reducing their direct ownership by 97.37% to 131 shares.
- The company reported quarterly EPS of $0.63, slightly above estimates, while revenue rose 12% year over year to $409.39 million. Moelis also declared a quarterly dividend of $0.65 per share, representing a 3.9% annualized yield.
- Analysts maintain a consensus “Hold” rating with an average price target of $73.62; institutional investors own 91.53% of the stock.
Moelis & Company (NYSE:MC - Get Free Report) General Counsel Osamu Watanabe sold 4,850 shares of Moelis & Company stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $69.30, for a total value of $336,105.00. Following the completion of the transaction, the general counsel directly owned 131 shares in the company, valued at $9,078.30. This trade represents a 97.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Moelis & Company Stock Performance
Shares of MC stock opened at $67.14 on Friday. The company has a market capitalization of $5.27 billion, a P/E ratio of 23.39, a PEG ratio of 0.90 and a beta of 1.84. Moelis & Company has a fifty-two week low of $51.06 and a fifty-two week high of $78.22. The stock has a 50 day moving average price of $67.43 and a two-hundred day moving average price of $65.04.
Moelis & Company (NYSE:MC - Get Free Report) last issued its earnings results on Wednesday, July 29th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Moelis & Company had a net margin of 14.50% and a return on equity of 39.59%. The firm had revenue of $409.39 million for the quarter, compared to analysts' expectations of $387.27 million. During the same quarter last year, the business earned $0.53 earnings per share. The business's revenue was up 12.0% on a year-over-year basis. As a group, equities analysts predict that Moelis & Company will post 3.13 earnings per share for the current year.
Moelis & Company Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 10th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, August 10th. Moelis & Company's dividend payout ratio (DPR) is 90.59%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in MC. GAMMA Investing LLC raised its position in shares of Moelis & Company by 11.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,489 shares of the asset manager's stock valued at $97,000 after buying an additional 153 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Moelis & Company by 64.4% during the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager's stock worth $29,000 after acquiring an additional 163 shares during the last quarter. Wesbanco Bank Inc. increased its stake in Moelis & Company by 2.1% during the fourth quarter. Wesbanco Bank Inc. now owns 8,889 shares of the asset manager's stock worth $611,000 after acquiring an additional 180 shares during the last quarter. GW Henssler & Associates Ltd. increased its stake in Moelis & Company by 5.6% during the fourth quarter. GW Henssler & Associates Ltd. now owns 3,433 shares of the asset manager's stock worth $236,000 after acquiring an additional 181 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Moelis & Company by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,955 shares of the asset manager's stock valued at $1,165,000 after purchasing an additional 200 shares during the period. 91.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. Weiss Ratings cut shares of Moelis & Company from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, May 26th. UBS Group restated a "sell" rating and set a $60.00 price target (up from $58.00) on shares of Moelis & Company in a report on Wednesday, July 8th. Wall Street Zen raised Moelis & Company from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Keefe, Bruyette & Woods dropped their price objective on Moelis & Company from $69.00 to $66.00 and set a "market perform" rating for the company in a report on Friday, July 10th. Finally, Morgan Stanley lifted their price objective on Moelis & Company from $83.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Moelis & Company has a consensus rating of "Hold" and an average target price of $73.62.
Get Our Latest Stock Analysis on Moelis & Company
Moelis & Company Company Profile
(
Get Free Report)
Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.
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