Tidal Investments LLC Increases Stake in Moelis & Company (NYSE:MC)

Tidal Investments LLC increased its stake in shares of Moelis & Company (NYSE:MC - Free Report) by 41.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Madison Investment Advisors LLC bought a new position in shares of Moelis & Company during the 4th quarter worth approximately $86,062,000. Norges Bank bought a new position in Moelis & Company during the fourth quarter valued at about $52,610,000. Balyasny Asset Management L.P. grew its position in Moelis & Company by 215.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 723,384 shares of the asset manager's stock valued at $53,444,000 after buying an additional 494,123 shares during the period. Raymond James Financial Inc. purchased a new stake in Moelis & Company during the fourth quarter worth about $27,855,000. Finally, Capital Research Global Investors bought a new stake in Moelis & Company in the fourth quarter worth about $20,720,000. 91.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MC has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on 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 lifted their price objective on Moelis & Company from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Wells Fargo & Company dropped their price objective 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. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 price target (up from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $59.83.

Moelis & Company Price Performance

Shares of MC traded down $1.23 during midday trading on Wednesday, hitting $57.14. 780,942 shares of the company traded hands, compared to its average volume of 771,679. Moelis & Company has a one year low of $47.00 and a one year high of $82.89. The firm has a market cap of $4.49 billion, a P/E ratio of 32.47 and a beta of 1.66. The stock has a 50-day moving average of $55.38 and a 200-day moving average of $67.01.

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 analysts' consensus estimates of $0.57 by $0.07. The business had revenue of $306.59 million for the quarter, compared to analyst estimates of $309.67 million. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. Moelis & Company's revenue was up 41.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 EPS. Sell-side analysts forecast that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 5th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Monday, May 5th. Moelis & Company's dividend payout ratio (DPR) is currently 119.27%.

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.