Campbell & CO Investment Adviser LLC Acquires New Holdings in Moelis & Company $MC

Key Points

• Campbell & CO Investment Adviser LLC invested approximately $2.67 million in Moelis & Company, acquiring 45,688 shares during the first quarter, representing about 0.06% of the company's total shares.
• Several institutional investors significantly increased their holdings in Moelis & Company, with Charles Schwab Investment Management and Jennison Associates boosting their stakes by over 200% in recent months.
• Moelis & Company announced a quarterly dividend of $0.65 per share, with a dividend yield of 3.6% and has experienced a notable increase in its earnings, reporting a 38.1% revenue growth year-over-year.

Campbell & CO Investment Adviser LLC purchased a new stake in Moelis & Company (NYSE:MC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 45,688 shares of the asset manager's stock, valued at approximately $2,666,000. Campbell & CO Investment Adviser LLC owned approximately 0.06% of Moelis & Company as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake 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 valued at $38,000 after buying an additional 605 shares during the period. Versant Capital Management Inc lifted its stake in shares of Moelis & Company by 1,460.8% in the 1st quarter. Versant Capital Management Inc now owns 796 shares of the asset manager's stock valued at $46,000 after acquiring an additional 745 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Moelis & Company in the 1st quarter valued at about $59,000. GAMMA Investing LLC raised its position in Moelis & Company by 38.9% during the 1st quarter. GAMMA Investing LLC now owns 1,632 shares of the asset manager's stock valued at $95,000 after purchasing an additional 457 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Moelis & Company during the 1st quarter valued at approximately $107,000. Institutional investors own 91.53% of the company's stock.

Moelis & Company Price Performance

Shares of Moelis & Company stock traded up $0.37 during trading on Thursday, reaching $72.88. 430,604 shares of the stock traded hands, compared to its average volume of 920,724. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 28.69 and a beta of 1.70. Moelis & Company has a 52-week low of $47.00 and a 52-week high of $82.89. The business has a fifty day simple moving average of $68.64 and a two-hundred day simple moving average of $62.67.

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

Moelis & Company Announces Dividend

The business 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 $0.65 dividend. The ex-dividend date is Monday, August 4th. This represents a $2.60 annualized dividend and a yield of 3.6%. Moelis & Company's dividend payout ratio (DPR) is currently 102.36%.

Insider Activity

In related news, 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 value of $460,537.60. Following the completion of the transaction, the general counsel owned 131 shares in the company, valued at approximately $9,515.84. This trade represents a 97.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth Shropshire sold 2,615 shares of the firm's 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 6.40% of the company's stock.

Analyst Ratings Changes

MC has been the topic of a number of research analyst reports. Morgan Stanley upgraded 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 report on Monday, June 23rd. Keefe, Bruyette & Woods upped their price target on 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 raised Moelis & Company from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. The Goldman Sachs Group increased their price target on Moelis & Company from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Finally, Wells Fargo & Company increased their price target on Moelis & Company from $50.00 to $64.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. One research 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $66.00.

About Moelis & Company

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.