Jacobs Levy Equity Management Inc. Has $8.73 Million Position in Moelis & Company (NYSE:MC)

Jacobs Levy Equity Management Inc. raised its position in Moelis & Company (NYSE:MC - Free Report) by 16.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,223 shares of the asset manager's stock after acquiring an additional 16,482 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.16% of Moelis & Company worth $8,734,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in shares of Moelis & Company by 7.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 768,945 shares of the asset manager's stock worth $56,810,000 after buying an additional 53,473 shares in the last quarter. Heritage Family Offices LLP lifted its stake in Moelis & Company by 5.0% in the fourth quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager's stock valued at $330,000 after buying an additional 213 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Moelis & Company by 2.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 27,881 shares of the asset manager's stock valued at $2,060,000 after purchasing an additional 626 shares in the last quarter. Diversify Wealth Management LLC raised its stake in shares of Moelis & Company by 98.2% during the fourth quarter. Diversify Wealth Management LLC now owns 58,976 shares of the asset manager's stock valued at $4,213,000 after purchasing an additional 29,220 shares in the last quarter. Finally, Dakota Wealth Management bought a new stake in shares of Moelis & Company during the fourth quarter valued at about $256,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Insider Activity

In other news, General Counsel Osamu R. Watanabe sold 5,661 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $418,914.00. Following the transaction, the general counsel now owns 6,471 shares of the company's stock, valued at $478,854. This represents a 46.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kenneth Moelis sold 9,712 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total value of $718,688.00. Following the transaction, the chief executive officer now directly owns 209,235 shares in the company, valued at $15,483,390. This trade represents a 4.44% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,721 shares of company stock worth $1,677,017. Company insiders own 6.40% of the company's stock.

Moelis & Company Price Performance

MC traded up $0.54 on Friday, hitting $61.61. The company had a trading volume of 882,656 shares, compared to its average volume of 765,151. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $82.89. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 35.00 and a beta of 1.66. The company's fifty day moving average price is $55.63 and its 200 day moving average price is $67.68.

Moelis & Company (NYSE:MC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. The company had revenue of $306.59 million during the quarter, compared to analyst estimates of $309.67 million. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. 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 company earned $0.22 earnings per share. On average, sell-side analysts forecast 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. Stockholders of record on Monday, May 5th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Monday, May 5th. Moelis & Company's dividend payout ratio is presently 119.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price target (up from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. Wells Fargo & Company dropped their price target on Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on Moelis & Company from $55.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, StockNews.com cut Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $59.83.

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.