Scientech Research LLC Invests $810,000 in Moelis & Company $MC

Scientech Research LLC acquired a new stake in shares of Moelis & Company (NYSE:MC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,875 shares of the asset manager's stock, valued at approximately $810,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Petrus Trust Company LTA purchased a new stake in shares of Moelis & Company during the 1st quarter valued at $221,000. Millennium Management LLC raised its position in shares of Moelis & Company by 311.4% during the 1st quarter. Millennium Management LLC now owns 465,677 shares of the asset manager's stock valued at $27,177,000 after buying an additional 352,490 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Moelis & Company by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,080 shares of the asset manager's stock valued at $2,456,000 after buying an additional 1,839 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Moelis & Company by 9.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,799 shares of the asset manager's stock valued at $280,000 after purchasing an additional 432 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Moelis & Company by 72.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 203,968 shares of the asset manager's stock valued at $11,904,000 after purchasing an additional 85,745 shares during the last quarter. Hedge funds and other institutional investors own 91.53% of the company's stock.

Moelis & Company Stock Down 1.3%

Shares of NYSE:MC traded down $0.96 on Friday, hitting $74.69. The company had a trading volume of 421,825 shares, compared to its average volume of 525,627. The firm's 50-day simple moving average is $71.10 and its two-hundred day simple moving average is $62.41. Moelis & Company has a 1 year low of $47.00 and a 1 year high of $82.89. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 29.41 and a beta of 1.72.

Moelis & Company (NYSE:MC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.21. Moelis & Company had a net margin of 14.31% and a return on equity of 42.72%. The company had revenue of $365.38 million during the quarter, compared to analysts' expectations of $269.57 million. During the same period last year, the company posted $0.18 EPS. Moelis & Company's revenue was up 38.1% on a year-over-year basis. Equities research analysts anticipate that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Monday, August 4th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 4th. Moelis & Company's dividend payout ratio (DPR) is 102.36%.

Analyst Ratings Changes

Several research firms recently commented on MC. Zacks Research raised shares of Moelis & Company from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. Keefe, Bruyette & Woods raised their price target on shares of Moelis & Company from $69.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Wells Fargo & Company raised their price target on shares of Moelis & Company from $50.00 to $64.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Finally, Morgan Stanley raised their price target on shares of Moelis & Company from $74.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $69.67.

Insider Transactions at Moelis & Company

In other Moelis & Company news, Director Kenneth Shropshire sold 2,615 shares of Moelis & Company stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $72.52, for a total value of $189,639.80. Following the completion of the transaction, the director directly owned 7,109 shares of the company's stock, valued at approximately $515,544.68. The trade was a 26.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Osamu R. Watanabe sold 6,340 shares of Moelis & Company stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $72.64, for a total transaction of $460,537.60. Following the completion of the transaction, the general counsel directly owned 131 shares of the company's stock, valued at $9,515.84. This trade represents a 97.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.40% of the company's stock.

Moelis & Company Profile

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.