Quantbot Technologies LP Purchases 7,960 Shares of Moelis & Company $MC

Key Points

• Quantbot Technologies LP increased its shareholdings in Moelis & Company by 34.8%, owning a total of 30,825 shares valued at approximately $1.8 million as of the end of the first quarter.
• Moelis & Company reported strong quarterly earnings, with an EPS of $0.53 that exceeded analysts' expectations by $0.21, alongside a 38.1% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.65 per share, representing a 3.7% yield, although its payout ratio stands at 102.36%.

Quantbot Technologies LP raised its position in Moelis & Company (NYSE:MC - Free Report) by 34.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,825 shares of the asset manager's stock after acquiring an additional 7,960 shares during the period. Quantbot Technologies LP's holdings in Moelis & Company were worth $1,799,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its holdings in Moelis & Company by 1,551.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 644 shares of the asset manager's stock valued at $38,000 after acquiring an additional 605 shares in the last quarter. Versant Capital Management Inc raised its holdings in 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 in the last quarter. NBC Securities Inc. acquired a new position in Moelis & Company in the 1st quarter valued at approximately $59,000. GAMMA Investing LLC raised 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 valued at $95,000 after acquiring an additional 457 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Moelis & Company in the 1st quarter valued at approximately $107,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Osamu R. Watanabe sold 6,340 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $72.64, for a total transaction of $460,537.60. Following the completion of the sale, the general counsel directly owned 131 shares of the company's stock, valued at $9,515.84. This trade represents a 97.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on MC shares. Wells Fargo & Company upped 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. The Goldman Sachs Group increased their target price on Moelis & Company from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Zacks Research raised Moelis & Company from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. Morgan Stanley raised Moelis & Company from an "underweight" rating to an "overweight" rating and increased their target price for the stock from $42.00 to $68.00 in a report on Monday, June 23rd. Finally, Keefe, Bruyette & Woods increased their target price on Moelis & Company from $69.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $66.00.

Moelis & Company Price Performance

Shares of MC traded up $3.2220 during mid-day trading on Friday, reaching $72.6020. The company had a trading volume of 829,003 shares, compared to its average volume of 714,602. Moelis & Company has a twelve month low of $47.00 and a twelve month high of $82.89. The company's 50-day moving average is $67.66 and its 200-day moving average is $62.57. The company has a market capitalization of $5.70 billion, a P/E ratio of 28.58 and a beta of 1.70.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.21. Moelis & Company had a return on equity of 42.72% and a net margin of 14.31%.The business had revenue of $365.38 million during the quarter, compared to analysts' expectations of $269.57 million. During the same period in the prior year, the firm posted $0.18 EPS. Moelis & Company's quarterly revenue was up 38.1% compared to the same quarter last year. As a group, equities analysts expect that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Monday, August 4th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend 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.