Moelis & Company (NYSE:MC) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP increased its position in shares of Moelis & Company (NYSE:MC - Free Report) by 63.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,600 shares of the asset manager's stock after buying an additional 15,400 shares during the quarter. Two Sigma Advisers LP owned about 0.05% of Moelis & Company worth $2,926,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC grew its stake in shares of Moelis & Company by 41.7% in the 4th quarter. Tidal Investments LLC now owns 26,671 shares of the asset manager's stock valued at $1,970,000 after purchasing an additional 7,847 shares during the last quarter. State of Wyoming lifted its holdings in shares of Moelis & Company by 526.1% in the 4th quarter. State of Wyoming now owns 10,437 shares of the asset manager's stock valued at $771,000 after buying an additional 8,770 shares during the period. Prana Capital Management LP acquired a new stake in shares of Moelis & Company in the 4th quarter valued at approximately $3,561,000. ProShare Advisors LLC lifted its holdings in shares of Moelis & Company by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 21,298 shares of the asset manager's stock valued at $1,573,000 after buying an additional 6,559 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in shares of Moelis & Company in the 4th quarter valued at approximately $206,000. Hedge funds and other institutional investors own 91.53% of the company's stock.

Wall Street Analysts Forecast Growth

MC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (up from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Morgan Stanley reduced their price target on Moelis & Company from $70.00 to $42.00 and set an "underweight" rating for the company in a report on Monday, April 7th. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on Moelis & Company from $55.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen cut Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Moelis & Company has an average rating of "Hold" and an average target price of $59.83.

Moelis & Company Stock Performance

MC stock traded down $0.82 during midday trading on Friday, hitting $57.04. 969,130 shares of the stock were exchanged, compared to its average volume of 775,581. The stock's 50-day moving average price is $55.08 and its 200-day moving average price is $66.61. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 32.41 and a beta of 1.66. Moelis & Company has a fifty-two week low of $47.00 and a fifty-two week high of $82.89.

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, topping the consensus estimate of $0.57 by $0.07. The firm had revenue of $306.59 million during the quarter, compared to analysts' expectations of $309.67 million. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. Moelis & Company's revenue was up 41.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 earnings per share. Research analysts anticipate that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 5th will be issued a dividend of $0.65 per share. The ex-dividend date is Monday, May 5th. This represents a $2.60 annualized dividend and a yield of 4.56%. Moelis & Company's dividend payout ratio is presently 119.27%.

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.