Susquehanna Fundamental Investments LLC Makes New Investment in Moelis & Company (NYSE:MC)

Susquehanna Fundamental Investments LLC purchased a new stake in Moelis & Company (NYSE:MC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,969 shares of the asset manager's stock, valued at approximately $663,000.

A number of other hedge funds also recently bought and sold shares of the company. Nebula Research & Development LLC purchased a new position in shares of Moelis & Company during the fourth quarter worth approximately $872,000. Voya Investment Management LLC increased its position in shares of Moelis & Company by 1.0% during the fourth quarter. Voya Investment Management LLC now owns 323,953 shares of the asset manager's stock worth $23,934,000 after purchasing an additional 3,282 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Moelis & Company by 2.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,628 shares of the asset manager's stock worth $3,150,000 after acquiring an additional 860 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of Moelis & Company during the 4th quarter worth approximately $508,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Moelis & Company by 117.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,015 shares of the asset manager's stock valued at $297,000 after acquiring an additional 2,170 shares during the last quarter. Institutional investors own 91.53% of the company's stock.

Insider Activity at Moelis & Company

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

Moelis & Company Trading Up 3.4 %

Shares of Moelis & Company stock traded up $1.79 on Thursday, reaching $54.74. 126,654 shares of the company were exchanged, compared to its average volume of 746,121. Moelis & Company has a fifty-two week low of $47.00 and a fifty-two week high of $82.89. The stock has a fifty day moving average price of $56.13 and a 200-day moving average price of $68.10. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 31.10 and a beta of 1.66.

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

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, May 5th. This represents a $2.60 dividend on an annualized basis and a yield of 4.75%. Moelis & Company's dividend payout ratio is currently 119.27%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 target price (up previously from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Morgan Stanley cut their price objective on Moelis & Company from $70.00 to $42.00 and set an "underweight" rating for the company in a report on Monday, April 7th. JMP Securities restated a "market perform" rating on shares of Moelis & Company in a research report on Thursday, April 24th. StockNews.com lowered Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. cut 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.83.

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.