Moelis & Company (NYSE:MC) Stock Position Increased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Moelis & Company (NYSE:MC - Free Report) by 8,005.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,244 shares of the asset manager's stock after purchasing an additional 94,069 shares during the quarter. GAMMA Investing LLC owned about 0.13% of Moelis & Company worth $5,558,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. CIBC Private Wealth Group LLC grew its position in Moelis & Company by 52.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock worth $30,000 after buying an additional 137 shares during the period. Headlands Technologies LLC acquired a new position in Moelis & Company during the fourth quarter worth about $31,000. MassMutual Private Wealth & Trust FSB grew its position 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 period. Versant Capital Management Inc grew its position 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 period. Finally, Jones Financial Companies Lllp grew its position in Moelis & Company by 148.3% during the fourth quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock worth $61,000 after buying an additional 491 shares during the period. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Stock Performance

Shares of Moelis & Company stock traded down $3.05 during trading hours on Friday, reaching $55.86. The company's stock had a trading volume of 1,050,800 shares, compared to its average volume of 787,429. The company's 50 day simple moving average is $55.45 and its 200 day simple moving average is $65.46. Moelis & Company has a one year low of $47.00 and a one year high of $82.89. The stock has a market cap of $4.39 billion, a P/E ratio of 31.74 and a beta of 1.64.

Moelis & Company (NYSE:MC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. The company had revenue of $306.59 million for the quarter, compared to the consensus estimate of $309.67 million. During the same period last year, the firm posted $0.22 EPS. The company's revenue for the quarter was up 41.0% on a year-over-year basis. On average, sell-side analysts predict that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 5th will be given a $0.65 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.65%. Moelis & Company's payout ratio is currently 119.27%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MC shares. Wells Fargo & Company reduced their price target on shares of Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Wall Street Zen downgraded shares of Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. dropped their price objective on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group raised their price target on shares of Moelis & Company from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $59.83.

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.