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% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,671 shares of the asset manager's stock after purchasing 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.

Several other hedge funds have also modified their holdings of the stock. State of Wyoming boosted its stake in Moelis & Company by 526.1% in the fourth quarter. State of Wyoming now owns 10,437 shares of the asset manager's stock valued at $771,000 after acquiring an additional 8,770 shares during the last quarter. Prana Capital Management LP bought a new position in Moelis & Company in the fourth quarter valued at approximately $3,561,000. ProShare Advisors LLC boosted its stake in Moelis & Company by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 21,298 shares of the asset manager's stock valued at $1,573,000 after acquiring an additional 6,559 shares during the last quarter. Quantinno Capital Management LP bought a new position in Moelis & Company in the fourth quarter valued at approximately $206,000. Finally, Man Group plc boosted its stake in Moelis & Company by 99.0% in the fourth quarter. Man Group plc now owns 56,959 shares of the asset manager's stock valued at $4,208,000 after acquiring an additional 28,342 shares during the last quarter. 91.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MC shares. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 target price (up from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Morgan Stanley cut their target price on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a report on Monday, April 7th. The Goldman Sachs Group increased their target price on shares of 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 cut their target price 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. Finally, JPMorgan Chase & Co. cut their target price on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating on the stock 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. According to data from MarketBeat.com, Moelis & Company currently has a consensus rating of "Hold" and a consensus price target of $59.83.

Moelis & Company Trading Up 0.1%

Shares of MC stock traded up $0.05 during trading hours on Thursday, reaching $57.17. The stock had a trading volume of 138,642 shares, compared to its average volume of 770,389. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $82.89. The firm has a market capitalization of $4.49 billion, a PE ratio of 32.45 and a beta of 1.66. The stock's fifty day simple moving average is $55.30 and its 200 day simple moving average is $66.95.

Moelis & Company (NYSE:MC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. The business had revenue of $306.59 million for the quarter, compared to the consensus estimate of $309.67 million. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. The company's quarterly revenue was up 41.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. As a group, equities research analysts anticipate that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 5th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Monday, May 5th. Moelis & Company's payout ratio is 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.