Strata Wealth Advisors LLC Buys Shares of 52,050 Moelis & Company (NYSE:MC)

Strata Wealth Advisors LLC acquired a new position in Moelis & Company (NYSE:MC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 52,050 shares of the asset manager's stock, valued at approximately $2,922,000. Moelis & Company makes up about 1.2% of Strata Wealth Advisors LLC's investment portfolio, making the stock its 13th biggest position. Strata Wealth Advisors LLC owned 0.07% of Moelis & Company as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Capital Advisors Group LLC. bought a new stake in shares of Moelis & Company in the second quarter worth $26,000. Mendota Financial Group LLC acquired a new position in Moelis & Company during the fourth quarter worth $34,000. Tower Research Capital LLC TRC increased its holdings in Moelis & Company by 380.1% during the first quarter. Tower Research Capital LLC TRC now owns 1,378 shares of the asset manager's stock worth $53,000 after buying an additional 1,091 shares during the last quarter. Covestor Ltd increased its holdings in Moelis & Company by 230.3% during the first quarter. Covestor Ltd now owns 1,539 shares of the asset manager's stock worth $72,000 after buying an additional 1,073 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Moelis & Company during the third quarter worth $99,000. Institutional investors own 91.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MC shares. UBS Group lowered their target price on shares of Moelis & Company from $46.00 to $45.00 and set a "sell" rating on the stock in a report on Tuesday, March 26th. StockNews.com upgraded shares of Moelis & Company from a "sell" rating to a "hold" rating in a report on Thursday, February 8th. JPMorgan Chase & Co. upped their price objective on shares of Moelis & Company from $46.00 to $57.00 and gave the company a "neutral" rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $56.00 price objective on shares of Moelis & Company in a report on Monday, January 29th. Finally, JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $50.80.

Moelis & Company Price Performance

MC traded up $0.68 on Friday, hitting $51.65. 589,537 shares of the stock were exchanged, compared to its average volume of 492,799. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of -143.47 and a beta of 1.35. Moelis & Company has a 12 month low of $33.87 and a 12 month high of $58.67. The business has a 50-day moving average of $54.35 and a two-hundred day moving average of $51.25.

Moelis & Company (NYSE:MC - Get Free Report) last posted its earnings results on Wednesday, February 7th. The asset manager reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.11) by $0.05. The firm had revenue of $214.90 million during the quarter, compared to analysts' expectations of $197.98 million. Moelis & Company had a negative net margin of 2.89% and a negative return on equity of 3.82%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities research analysts expect that Moelis & Company will post 1.5 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, February 20th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.40 dividend on an annualized basis and a yield of 4.65%. Moelis & Company's dividend payout ratio (DPR) is presently -666.67%.

Insider Activity at Moelis & Company

In related news, CEO Kenneth Moelis sold 128,277 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total value of $6,747,370.20. Following the completion of the transaction, the chief executive officer now owns 161,810 shares in the company, valued at approximately $8,511,206. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Moelis & Company news, insider Navid Mahmoodzadegan sold 50,772 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $54.11, for a total transaction of $2,747,272.92. Following the completion of the sale, the insider now owns 64,463 shares of the company's stock, valued at approximately $3,488,092.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kenneth Moelis sold 128,277 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $6,747,370.20. Following the sale, the chief executive officer now directly owns 161,810 shares of the company's stock, valued at approximately $8,511,206. The disclosure for this sale can be found here. Insiders sold a total of 375,185 shares of company stock worth $20,130,225 in the last quarter. 6.96% of the stock is owned by insiders.

About Moelis & Company

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.