Tudor Investment Corp ET AL Takes $8.71 Million Position in Moelis & Company (NYSE:MC)

Tudor Investment Corp ET AL bought a new stake in shares of Moelis & Company (NYSE:MC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 117,952 shares of the asset manager's stock, valued at approximately $8,714,000. Tudor Investment Corp ET AL owned approximately 0.16% of Moelis & Company as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC raised its position 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 acquiring an additional 137 shares in the last quarter. Arizona State Retirement System raised its holdings in Moelis & Company by 0.8% in the fourth quarter. Arizona State Retirement System now owns 20,420 shares of the asset manager's stock worth $1,509,000 after purchasing an additional 163 shares in the last quarter. GAMMA Investing LLC lifted its position in Moelis & Company by 18.1% during the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager's stock valued at $87,000 after buying an additional 180 shares during the period. Choreo LLC lifted its position in Moelis & Company by 4.0% during the fourth quarter. Choreo LLC now owns 4,831 shares of the asset manager's stock valued at $358,000 after buying an additional 187 shares during the period. Finally, Heritage Family Offices LLP boosted its holdings in shares of Moelis & Company by 5.0% during the 4th quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager's stock valued at $330,000 after buying an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 91.53% of the company's stock.

Moelis & Company Price Performance

NYSE MC traded down $0.21 during mid-day trading on Monday, reaching $53.95. The stock had a trading volume of 112,875 shares, compared to its average volume of 1,001,357. The stock has a market cap of $4.04 billion, a PE ratio of 30.67 and a beta of 1.53. Moelis & Company has a 1 year low of $47.00 and a 1 year high of $82.89. The company has a fifty day moving average price of $57.17 and a 200 day moving average price of $68.44.

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

Moelis & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 5th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Monday, May 5th. Moelis & Company's dividend payout ratio (DPR) is 119.27%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MC. JPMorgan Chase & Co. decreased their price target on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group decreased their target price on shares of Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. StockNews.com cut Moelis & Company from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price objective (up previously from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. Finally, Morgan Stanley dropped their target price on Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $61.83.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, insider Christopher Callesano sold 1,282 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $94,868.00. Following the transaction, the insider now owns 1,227 shares of the company's stock, valued at approximately $90,798. This represents a 51.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kenneth Moelis sold 9,712 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $718,688.00. Following the completion of the transaction, the chief executive officer now directly owns 209,235 shares in the company, valued at $15,483,390. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,721 shares of company stock worth $1,677,017. Company insiders own 6.40% of the company's stock.

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.