Moelis & Company (NYSE:MC) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of Moelis & Company (NYSE:MC – Get Rating) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 257,380 shares of the asset manager’s stock after purchasing an additional 3,543 shares during the quarter. First Trust Advisors LP owned 0.38% of Moelis & Company worth $9,876,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AlphaCrest Capital Management LLC acquired a new stake in Moelis & Company in the third quarter worth $726,000. Russell Investments Group Ltd. increased its holdings in shares of Moelis & Company by 15,880.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 53,376 shares of the asset manager’s stock worth $1,802,000 after acquiring an additional 53,042 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Moelis & Company by 3.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,054 shares of the asset manager’s stock valued at $501,000 after purchasing an additional 456 shares during the last quarter. Arizona State Retirement System boosted its stake in Moelis & Company by 2.6% during the 4th quarter. Arizona State Retirement System now owns 18,080 shares of the asset manager’s stock valued at $694,000 after purchasing an additional 463 shares during the period. Finally, Belpointe Asset Management LLC bought a new position in Moelis & Company in the 4th quarter worth about $69,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MC. StockNews.com started coverage on Moelis & Company in a report on Thursday, May 18th. They set a “hold” rating on the stock. Morgan Stanley reduced their price target on Moelis & Company from $30.00 to $29.00 and set an “underweight” rating for the company in a research report on Wednesday, April 12th. Finally, The Goldman Sachs Group raised their price target on Moelis & Company from $38.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, February 9th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $37.86.

Moelis & Company Trading Down 0.1 %

Shares of Moelis & Company stock opened at $37.88 on Thursday. Moelis & Company has a 52 week low of $33.12 and a 52 week high of $50.23. The stock has a market cap of $2.69 billion, a PE ratio of 30.06 and a beta of 1.44. The company’s 50-day moving average price is $38.21 and its two-hundred day moving average price is $41.34.

Moelis & Company (NYSE:MC – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.06). Moelis & Company had a return on equity of 22.47% and a net margin of 10.14%. The business had revenue of $187.20 million during the quarter, compared to analyst estimates of $186.60 million. During the same period in the prior year, the firm earned $0.95 EPS. The business’s revenue for the quarter was down 38.0% on a year-over-year basis. On average, equities analysts predict that Moelis & Company will post 0.45 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Monday, May 8th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 5th. This represents a $2.40 annualized dividend and a dividend yield of 6.34%. Moelis & Company’s dividend payout ratio is currently 190.48%.

Insider Activity

In related news, General Counsel Osamu R. Watanabe sold 6,130 shares of Moelis & Company stock in a transaction on Monday, February 27th. The stock was sold at an average price of $42.99, for a total value of $263,528.70. Following the transaction, the general counsel now directly owns 131 shares in the company, valued at approximately $5,631.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Moelis & Company news, General Counsel Osamu R. Watanabe sold 6,130 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $42.99, for a total value of $263,528.70. Following the completion of the transaction, the general counsel now directly owns 131 shares in the company, valued at $5,631.69. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Navid Mahmoodzadegan sold 23,323 shares of Moelis & Company stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $43.05, for a total transaction of $1,004,055.15. Following the completion of the transaction, the insider now directly owns 99,860 shares in the company, valued at $4,298,973. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,662 shares of company stock worth $3,524,057. Insiders own 7.97% of the company’s stock.

Moelis & 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.