Alamea Verwaltungs GmbH Invests $366,000 in Moelis & Company $MC

Key Points

• Alamea Verwaltungs GmbH has purchased 6,273 shares of Moelis & Company, marking a new position valued at approximately $366,000.
• Analysts have revised their price targets for Moelis & Company, with Goldman Sachs raising it to $63.00 and Morgan Stanley to $68.00, reflecting a generally optimistic outlook on the company's performance.
• Moelis & Company recently declared a quarterly dividend of $0.65, with a payout ratio of 102.36%, amidst strong quarterly earnings that topped analysts' expectations.

Alamea Verwaltungs GmbH acquired a new position 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 Securities and Exchange Commission (SEC). The institutional investor acquired 6,273 shares of the asset manager's stock, valued at approximately $366,000.

Other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its holdings in Moelis & Company by 1,551.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 644 shares of the asset manager's stock worth $38,000 after buying an additional 605 shares during the last quarter. Versant Capital Management Inc raised its holdings in Moelis & Company by 1,460.8% during the first quarter. Versant Capital Management Inc now owns 796 shares of the asset manager's stock worth $46,000 after buying an additional 745 shares during the last quarter. NBC Securities Inc. acquired a new position in Moelis & Company during the first quarter worth $59,000. GAMMA Investing LLC raised its holdings in Moelis & Company by 38.9% during the first quarter. GAMMA Investing LLC now owns 1,632 shares of the asset manager's stock worth $95,000 after buying an additional 457 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Moelis & Company during the first quarter worth $107,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Insider Transactions at Moelis & Company

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on MC. The Goldman Sachs Group upped their price objective on shares of Moelis & Company from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods upped their target price on shares of Moelis & Company from $69.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Zacks Research upgraded shares of Moelis & Company from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 18th. Morgan Stanley upgraded shares of Moelis & Company from an "underweight" rating to an "overweight" rating and upped their target price for the stock from $42.00 to $68.00 in a research note on Monday, June 23rd. Finally, Wells Fargo & Company upped their target price on shares of Moelis & Company from $50.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $66.00.

Moelis & Company Stock Down 1.6%

MC traded down $1.16 during trading on Wednesday, hitting $70.05. 654,237 shares of the company traded hands, compared to its average volume of 599,603. The firm has a market cap of $5.50 billion, a P/E ratio of 28.06 and a beta of 1.72. The stock's fifty day moving average is $69.88 and its 200 day moving average is $62.50. Moelis & Company has a one year low of $47.00 and a one year high of $82.89.

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

Moelis & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders 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 3.7%. The ex-dividend date is Monday, August 4th. Moelis & Company's dividend payout ratio (DPR) is currently 102.36%.

Moelis & Company 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.