Tidal Investments LLC Grows Holdings in Moelis & Company (NYSE:MC)

Tidal Investments LLC boosted its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 41.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,671 shares of the asset manager's stock after buying an additional 7,847 shares during the quarter. Tidal Investments LLC's holdings in Moelis & Company were worth $1,970,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. CIBC Private Wealth Group LLC boosted 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 purchasing an additional 137 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Moelis & Company in the 4th quarter worth about $31,000. R Squared Ltd purchased a new stake in Moelis & Company during the 4th quarter worth approximately $47,000. Jones Financial Companies Lllp boosted its stake in shares of Moelis & Company by 148.3% in the fourth quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock worth $61,000 after acquiring an additional 491 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in Moelis & Company in the 4th quarter valued at $61,000. 91.53% of the stock is owned by hedge funds and other institutional investors.

Moelis & Company Stock Up 3.2%

MC stock traded up $1.79 during midday trading on Tuesday, hitting $58.34. The company's stock had a trading volume of 516,404 shares, compared to its average volume of 771,641. The firm has a 50-day simple moving average of $55.42 and a 200-day simple moving average of $67.08. The firm has a market capitalization of $4.58 billion, a P/E ratio of 33.15 and a beta of 1.66. 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 released its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. The business had revenue of $306.59 million during the quarter, compared to analysts' expectations of $309.67 million. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. The company's revenue for the quarter was up 41.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS. On average, sell-side analysts expect that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 5th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.46%. The ex-dividend date is Monday, May 5th. Moelis & Company's payout ratio is 119.27%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MC shares. Wall Street Zen lowered shares of Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Morgan Stanley decreased their price objective on Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a report on Monday, April 7th. JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a report on Thursday, April 24th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 target price (up previously from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. Finally, Wells Fargo & Company dropped their price target on shares of Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $59.83.

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.