Duality Advisers LP trimmed its holdings in Moelis & Company (NYSE:MC - Free Report) by 84.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,568 shares of the asset manager's stock after selling 24,967 shares during the period. Duality Advisers LP's holdings in Moelis & Company were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in MC. O ROURKE & COMPANY Inc lifted its position in shares of Moelis & Company by 4.1% in the fourth quarter. O ROURKE & COMPANY Inc now owns 5,644 shares of the asset manager's stock worth $317,000 after buying an additional 221 shares in the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of Moelis & Company by 4.4% in the third quarter. Capital Investment Advisory Services LLC now owns 6,023 shares of the asset manager's stock worth $272,000 after buying an additional 256 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Moelis & Company by 0.4% in the third quarter. Mutual of America Capital Management LLC now owns 76,155 shares of the asset manager's stock worth $3,437,000 after buying an additional 268 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Moelis & Company by 6.4% in the third quarter. Teacher Retirement System of Texas now owns 5,149 shares of the asset manager's stock worth $232,000 after buying an additional 311 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in shares of Moelis & Company by 1.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 33,054 shares of the asset manager's stock worth $1,855,000 after buying an additional 340 shares in the last quarter. 91.53% of the stock is currently owned by hedge funds and other institutional investors.
Moelis & Company Price Performance
Shares of MC traded down $0.51 during mid-day trading on Friday, reaching $49.75. 811,805 shares of the company's stock traded hands, compared to its average volume of 588,632. The stock has a market cap of $3.54 billion, a P/E ratio of -261.84 and a beta of 1.35. The stock's 50-day moving average is $54.07 and its two-hundred day moving average is $51.59. Moelis & Company has a 12 month low of $33.87 and a 12 month high of $58.67.
Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.11. The firm had revenue of $217.49 million during the quarter, compared to analyst estimates of $219.30 million. Moelis & Company had a negative return on equity of 0.13% and a negative net margin of 1.33%. Moelis & Company's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. Research analysts predict that Moelis & Company will post 1.47 earnings per share for the current year.
Moelis & Company Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, May 6th will be issued a $0.60 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.82%. Moelis & Company's payout ratio is -1,263.16%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on MC shares. JPMorgan Chase & Co. boosted their target price on Moelis & Company from $46.00 to $57.00 and gave the stock a "neutral" rating in a research report on Thursday, February 8th. StockNews.com raised Moelis & Company from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. The Goldman Sachs Group raised Moelis & Company from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $53.00 to $58.00 in a research note on Wednesday, March 13th. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a research note on Tuesday, April 9th. Finally, UBS Group boosted their price objective on Moelis & Company from $45.00 to $47.00 and gave the stock a "sell" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $50.80.
Get Our Latest Stock Analysis on MC
Insider Activity at Moelis & Company
In other Moelis & Company news, insider Christopher Callesano sold 1,040 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.59, for a total transaction of $55,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Moelis & Company news, insider Christopher Callesano sold 1,040 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.59, for a total transaction of $55,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Osamu R. Watanabe sold 7,685 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total value of $404,231.00. Following the sale, the general counsel now owns 6,000 shares of the company's stock, valued at approximately $315,600. The disclosure for this sale can be found here. Over the last quarter, insiders sold 375,185 shares of company stock worth $20,130,225. Company insiders own 6.96% of the company's stock.
Moelis & Company Profile
(
Free Report)
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.
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