Moelis & Company (NYSE:MC) Given Market Perform Rating at JMP Securities

Moelis & Company (NYSE:MC - Get Free Report)'s stock had its "market perform" rating reissued by equities researchers at JMP Securities in a note issued to investors on Tuesday, Benzinga reports.

Several other analysts have also recently weighed in on MC. The Goldman Sachs Group upgraded Moelis & Company from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $53.00 to $58.00 in a report on Wednesday, March 13th. UBS Group decreased their price target on shares of Moelis & Company from $46.00 to $45.00 and set a "sell" rating for the company in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $56.00 price target on shares of Moelis & Company in a report on Monday, January 29th. StockNews.com upgraded Moelis & Company from a "sell" rating to a "hold" rating in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Moelis & Company from $46.00 to $57.00 and gave the company a "neutral" rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $50.80.

Moelis & Company Stock Up 0.8 %

Shares of MC stock traded up $0.43 on Tuesday, reaching $57.13. The company had a trading volume of 399,790 shares, compared to its average volume of 632,722. The business's 50-day moving average is $54.86 and its 200 day moving average is $50.94. Moelis & Company has a one year low of $33.87 and a one year high of $58.67. The stock has a market capitalization of $4.07 billion, a PE ratio of -158.69 and a beta of 1.35.

Moelis & Company (NYSE:MC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The asset manager reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.05. Moelis & Company had a negative net margin of 2.89% and a negative return on equity of 3.82%. The business had revenue of $214.90 million during the quarter, compared to the consensus estimate of $197.98 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm's revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that Moelis & Company will post 1.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Kenneth Moelis sold 75,000 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $54.11, for a total value of $4,058,250.00. Following the completion of the transaction, the chief executive officer now directly owns 86,441 shares of the company's stock, valued at $4,677,322.51. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Joseph Simon sold 10,720 shares of the business's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $54.70, for a total value of $586,384.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kenneth Moelis sold 75,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $54.11, for a total transaction of $4,058,250.00. Following the transaction, the chief executive officer now owns 86,441 shares of the company's stock, valued at approximately $4,677,322.51. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 375,185 shares of company stock worth $20,130,225. 6.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in Moelis & Company by 11.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,374,385 shares of the asset manager's stock worth $189,404,000 after buying an additional 334,620 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Moelis & Company by 9.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,338 shares of the asset manager's stock worth $1,872,000 after acquiring an additional 2,763 shares during the last quarter. Winslow Asset Management Inc. raised its stake in Moelis & Company by 1.5% in the 4th quarter. Winslow Asset Management Inc. now owns 174,963 shares of the asset manager's stock valued at $9,821,000 after acquiring an additional 2,593 shares during the period. Townsquare Capital LLC raised its position in shares of Moelis & Company by 50.7% in the fourth quarter. Townsquare Capital LLC now owns 18,022 shares of the asset manager's stock valued at $1,012,000 after purchasing an additional 6,065 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Moelis & Company by 1.2% during the fourth quarter. Legal & General Group Plc now owns 191,399 shares of the asset manager's stock worth $10,743,000 after acquiring an additional 2,214 shares in the last quarter. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.