Moelis & Company (NYSE:MC) Shares Purchased by Raymond James & Associates

Raymond James & Associates raised its position in Moelis & Company (NYSE:MC – Get Rating) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 386,474 shares of the asset manager’s stock after buying an additional 10,134 shares during the period. Raymond James & Associates owned approximately 0.56% of Moelis & Company worth $14,829,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Wipfli Financial Advisors LLC purchased a new position in Moelis & Company in the third quarter valued at about $29,000. FourThought Financial LLC boosted its stake in shares of Moelis & Company by 74.5% during the 3rd quarter. FourThought Financial LLC now owns 1,251 shares of the asset manager’s stock valued at $42,000 after buying an additional 534 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Moelis & Company by 264.6% during the 3rd quarter. Signaturefd LLC now owns 1,265 shares of the asset manager’s stock valued at $43,000 after buying an additional 918 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Moelis & Company during the fourth quarter worth approximately $69,000. Finally, Covestor Ltd increased its stake in shares of Moelis & Company by 230.3% in 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. 90.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Moelis & Company

In related news, insider Navid Mahmoodzadegan sold 23,323 shares of Moelis & Company stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $43.05, for a total value of $1,004,055.15. Following the sale, the insider now directly owns 99,860 shares in the company, valued at approximately $4,298,973. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Jeffrey Raich sold 36,592 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $42.06, for a total transaction of $1,539,059.52. Following the transaction, the insider now directly owns 44,710 shares of the company’s stock, valued at $1,880,502.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Navid Mahmoodzadegan sold 23,323 shares of Moelis & Company stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $43.05, for a total transaction of $1,004,055.15. Following the sale, the insider now owns 99,860 shares in the company, valued at $4,298,973. The disclosure for this sale can be found here. Over the last quarter, insiders sold 179,896 shares of company stock worth $7,655,779. Insiders own 7.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com started coverage on shares of Moelis & Company in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Morgan Stanley decreased their price target on Moelis & Company from $30.00 to $29.00 and set an “underweight” rating for the company in a research note on Wednesday, April 12th. Finally, The Goldman Sachs Group upped their price objective on Moelis & Company from $38.00 to $42.00 and gave the company a “sell” rating in a research note on Thursday, February 9th. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $37.86.

Moelis & Company Stock Up 1.9 %

Shares of NYSE:MC opened at $35.09 on Tuesday. The company has a market cap of $2.49 billion, a PE ratio of 27.85 and a beta of 1.44. Moelis & Company has a fifty-two week low of $33.12 and a fifty-two week high of $50.23. The firm has a 50-day simple moving average of $38.62 and a 200 day simple moving average of $41.59.

Moelis & Company (NYSE:MC – Get Rating) last announced its quarterly earnings results on Wednesday, April 26th. The asset manager reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). Moelis & Company had a return on equity of 22.47% and a net margin of 10.14%. The company had revenue of $187.20 million for the quarter, compared to analyst estimates of $186.60 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. The firm’s revenue for the quarter was down 38.0% compared to the same quarter last year. As a group, research analysts forecast that Moelis & Company will post 0.45 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Monday, May 8th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 6.84%. The ex-dividend date is Friday, May 5th. Moelis & Company’s dividend payout ratio (DPR) is 190.48%.

Moelis & Company Company Profile

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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.