Vestmark Advisory Solutions Inc. Raises Stock Position in Moelis & Company (NYSE:MC)

Vestmark Advisory Solutions Inc. raised its position in Moelis & Company (NYSE:MC) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,196 shares of the asset manager’s stock after acquiring an additional 3,009 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.08% of Moelis & Company worth $3,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Mendota Financial Group LLC purchased a new stake in Moelis & Company during the 4th quarter worth approximately $34,000. GAMMA Investing LLC purchased a new position in Moelis & Company in the 4th quarter worth $34,000. Neo Ivy Capital Management purchased a new stake in Moelis & Company during the 3rd quarter valued at about $99,000. Strs Ohio boosted its position in Moelis & Company by 28.6% in the third quarter. Strs Ohio now owns 3,600 shares of the asset manager’s stock valued at $162,000 after buying an additional 800 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Moelis & Company in the 3rd quarter worth approximately $174,000. 91.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on MC shares. JPMorgan Chase & Co. upped their target price on Moelis & Company from $46.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $54.00 price target (down from $58.00) on shares of Moelis & Company in a report on Thursday, April 25th. StockNews.com upgraded shares of Moelis & Company from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. UBS Group raised their target price on Moelis & Company from $45.00 to $47.00 and gave the company a “sell” rating in a research report on Thursday, April 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $50.80.

Insider Activity at Moelis & Company

In other news, insider Navid Mahmoodzadegan sold 20,001 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $55.82, for a total value of $1,116,455.82. Following the completion of the sale, the insider now directly owns 79,859 shares of the company’s stock, valued at approximately $4,457,729.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Moelis & Company news, CFO Joseph Simon sold 8,573 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $54.13, for a total transaction of $464,056.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Navid Mahmoodzadegan sold 20,001 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $55.82, for a total value of $1,116,455.82. Following the sale, the insider now directly owns 79,859 shares of the company’s stock, valued at $4,457,729.38. The disclosure for this sale can be found here. Insiders have sold 375,185 shares of company stock valued at $20,130,225 in the last ninety days. Insiders own 6.96% of the company’s stock.

Moelis & Company Stock Up 0.6 %

NYSE:MC traded up $0.32 on Friday, reaching $51.58. The company’s stock had a trading volume of 466,804 shares, compared to its average volume of 673,583. Moelis & Company has a 12-month low of $33.87 and a 12-month high of $58.67. The stock has a 50 day moving average price of $53.62 and a 200 day moving average price of $51.76. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of -271.47 and a beta of 1.39.

Moelis & Company (NYSE:MC) last posted 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. Moelis & Company had a negative return on equity of 0.12% and a negative net margin of 1.33%. The company had revenue of $217.49 million for the quarter, compared to analyst estimates of $219.30 million. During the same quarter last year, the company earned $0.05 EPS. Moelis & Company’s revenue for the quarter was up 17.4% compared to the same quarter last year. Equities research analysts expect that Moelis & Company will post 1.3 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 6th will be paid a $0.60 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.40 annualized dividend and a yield of 4.65%. Moelis & Company’s dividend payout ratio is currently -1,263.16%.

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.