Callan Family Office LLC Purchases 78,552 Shares of Moelis & Company $MC

Key Points

• Callan Family Office LLC increased its stake in Moelis & Company by 1,277.1% in Q2, acquiring an additional 78,552 shares to reach a total of 84,703 shares valued at approximately $5.28 million.
• The stock of Moelis & Company recently experienced a 4% decline in value, with a current trading price of around $63.03, while having a market capitalization of $4.95 billion.
• Moelis & Company reported a 38.1% year-over-year increase in quarterly revenue, achieving $365.38 million amidst beating EPS estimates by $0.21.

Callan Family Office LLC lifted its stake in shares of Moelis & Company (NYSE:MC - Free Report) by 1,277.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,703 shares of the asset manager's stock after acquiring an additional 78,552 shares during the quarter. Callan Family Office LLC owned approximately 0.11% of Moelis & Company worth $5,279,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. eCIO Inc. bought a new position in shares of Moelis & Company during the 1st quarter valued at approximately $50,000. GAMMA Investing LLC lifted its holdings in Moelis & Company by 38.9% in the 1st quarter. GAMMA Investing LLC now owns 1,632 shares of the asset manager's stock worth $95,000 after purchasing an additional 457 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Moelis & Company in the 1st quarter worth approximately $107,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Moelis & Company during the 1st quarter worth approximately $124,000. Finally, Petrus Trust Company LTA bought a new position in shares of Moelis & Company during the 1st quarter valued at approximately $221,000. 91.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, Director Kenneth Shropshire sold 2,615 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $72.52, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Osamu R. Watanabe sold 6,340 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $72.64, for a total value of $460,537.60. Following the completion of the transaction, the general counsel directly owned 131 shares in the company, valued at $9,515.84. This trade represents a 97.98% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.40% of the company's stock.

Moelis & Company Stock Down 4.0%

Shares of Moelis & Company stock opened at $63.03 on Friday. The stock's fifty day moving average is $71.65 and its two-hundred day moving average is $63.63. The company has a market capitalization of $4.95 billion, a PE ratio of 24.82 and a beta of 1.77. Moelis & Company has a 52 week low of $47.00 and a 52 week high of $82.89.

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

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, August 4th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, August 4th. Moelis & Company's dividend payout ratio is 102.36%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Moelis & Company in a research report on Wednesday. BMO Capital Markets assumed coverage on Moelis & Company in a research report on Friday, October 3rd. They set a "market perform" rating and a $74.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Moelis & Company in a report on Thursday. They set a "buy" rating and a $80.00 price target on the stock. Zacks Research lowered Moelis & Company from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Finally, Morgan Stanley increased their price target on Moelis & Company from $74.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $73.14.

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.

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