Tributary Capital Management LLC Has $24.85 Million Position in Moelis & Company (NYSE:MC)

Tributary Capital Management LLC decreased its position in shares of Moelis & Company (NYSE:MC - Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,782 shares of the asset manager's stock after selling 13,996 shares during the period. Moelis & Company accounts for 2.2% of Tributary Capital Management LLC's investment portfolio, making the stock its 7th biggest holding. Tributary Capital Management LLC owned approximately 0.57% of Moelis & Company worth $24,849,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MC. CIBC Private Wealth Group LLC increased its stake in Moelis & Company by 52.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock valued at $30,000 after acquiring an additional 137 shares during the period. Headlands Technologies LLC acquired a new position in Moelis & Company in the fourth quarter valued at about $31,000. MassMutual Private Wealth & Trust FSB boosted its position in Moelis & Company by 1,551.3% in 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 in the last quarter. Versant Capital Management Inc boosted its position in Moelis & Company by 1,460.8% in the first quarter. Versant Capital Management Inc now owns 796 shares of the asset manager's stock valued at $46,000 after buying an additional 745 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in Moelis & Company in the first quarter valued at about $59,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Moelis & Company Stock Up 1.3%

NYSE MC traded up $0.90 during trading hours on Thursday, hitting $71.98. The company's stock had a trading volume of 899,350 shares, compared to its average volume of 812,748. The stock has a fifty day moving average of $61.06 and a 200 day moving average of $63.70. Moelis & Company has a twelve month low of $47.00 and a twelve month high of $82.89. The firm has a market capitalization of $5.65 billion, a P/E ratio of 33.02 and a beta of 1.64.

Moelis & Company (NYSE:MC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The company had revenue of $306.59 million for the quarter, compared to analyst estimates of $309.67 million. Moelis & Company had a net margin of 13.22% and a return on equity of 40.89%. The business's revenue for the quarter was up 41.0% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. On average, analysts predict that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 5th were issued a $0.65 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.60 annualized dividend and a yield of 3.61%. Moelis & Company's dividend payout ratio (DPR) is presently 119.27%.

Analyst Upgrades and Downgrades

MC has been the topic of a number of recent analyst reports. JMP Securities restated a "market perform" rating on shares of Moelis & Company in a research report on Thursday, April 24th. Morgan Stanley raised shares of Moelis & Company from an "underweight" rating to an "overweight" rating and increased their price target for the company from $42.00 to $68.00 in a research note on Monday, June 23rd. Keefe, Bruyette & Woods increased their price target on shares of Moelis & Company from $69.00 to $89.00 and gave the company an "outperform" rating in a research note on Monday. The Goldman Sachs Group increased their price target on shares of Moelis & Company from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Moelis & Company has a consensus rating of "Hold" and an average target price of $66.00.

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.