Nebula Research & Development LLC Invests $872,000 in Moelis & Company (NYSE:MC)

Nebula Research & Development LLC acquired a new stake in shares of Moelis & Company (NYSE:MC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,799 shares of the asset manager's stock, valued at approximately $872,000.

Several other hedge funds have also recently made changes to their positions in MC. CIBC Private Wealth Group LLC lifted its stake in shares of Moelis & Company by 52.5% in the 4th 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 during the period. Headlands Technologies LLC bought a new position in Moelis & Company in the fourth quarter worth approximately $31,000. R Squared Ltd bought a new position in Moelis & Company in the fourth quarter worth approximately $47,000. Jones Financial Companies Lllp boosted its stake in shares of Moelis & Company by 148.3% during the 4th 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 bought a new stake in shares of Moelis & Company during the 4th quarter valued at $61,000. 91.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Christopher Callesano sold 1,282 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $94,868.00. Following the completion of the sale, the insider now directly owns 1,227 shares of the company's stock, valued at $90,798. This trade represents a 51.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kenneth Moelis sold 9,712 shares of the business's stock in a transaction that occurred 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 approximately $15,483,390. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,721 shares of company stock worth $1,677,017. Insiders own 6.40% of the company's stock.

Moelis & Company Stock Up 2.8 %

NYSE MC traded up $1.49 on Friday, reaching $54.90. The company had a trading volume of 877,826 shares, compared to its average volume of 746,584. The stock has a market capitalization of $4.11 billion, a PE ratio of 31.19 and a beta of 1.53. The firm's 50 day moving average price is $57.17 and its 200 day moving average price is $68.46. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. The company had revenue of $306.59 million during the quarter, compared to analyst estimates of $309.67 million. During the same period in the prior year, the company earned $0.22 earnings per share. The firm's revenue was up 41.0% on a year-over-year basis. On average, research analysts expect that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

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 issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Monday, May 5th. Moelis & Company's dividend payout ratio (DPR) is presently 119.27%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MC. JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a research report on Thursday, April 24th. The Goldman Sachs Group reduced their target price on shares of Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. lowered their price target 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. StockNews.com cut shares of Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Finally, Wells Fargo & Company lowered 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 research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $61.83.

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.