Moelis & Company (NYSE:MC) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of Moelis & Company (NYSE:MC) by 71.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,593 shares of the asset manager’s stock after selling 4,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Moelis & Company were worth $89,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Moelis & Company by 0.4% during the third quarter. Vanguard Group Inc. now owns 7,787,483 shares of the asset manager’s stock worth $351,449,000 after acquiring an additional 28,446 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Moelis & Company by 0.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,279,209 shares of the asset manager’s stock worth $328,511,000 after acquiring an additional 49,291 shares during the last quarter. BlackRock Inc. increased its stake in Moelis & Company by 16.2% during the second quarter. BlackRock Inc. now owns 6,239,113 shares of the asset manager’s stock worth $282,881,000 after acquiring an additional 870,362 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Moelis & Company by 1,654.6% during the second quarter. Goldman Sachs Group Inc. now owns 4,807,979 shares of the asset manager’s stock worth $217,994,000 after acquiring an additional 4,533,955 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Moelis & Company by 0.6% during the fourth quarter. Alliancebernstein L.P. now owns 2,907,088 shares of the asset manager’s stock worth $111,545,000 after acquiring an additional 18,721 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Insiders Place Their Bets

In other Moelis & Company news, insider Christopher Callesano sold 1,040 shares of Moelis & Company stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.59, for a total transaction of $55,733.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Moelis & Company news, insider Christopher Callesano sold 1,040 shares of Moelis & Company stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.59, for a total transaction of $55,733.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kenneth Moelis sold 75,000 shares of Moelis & Company stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $54.11, for a total value of $4,058,250.00. Following the sale, the chief executive officer now directly owns 86,441 shares of the company’s stock, valued at $4,677,322.51. The disclosure for this sale can be found here. Insiders 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 Trading Up 1.3 %

NYSE:MC opened at $51.65 on Friday. The firm has a market cap of $3.68 billion, a PE ratio of -143.47 and a beta of 1.35. The stock has a fifty day moving average price of $54.35 and a 200 day moving average price of $51.25. Moelis & Company has a 12-month low of $33.87 and a 12-month high of $58.67.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, February 7th. The asset manager reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05. The firm had revenue of $214.90 million during the quarter, compared to analyst estimates of $197.98 million. Moelis & Company had a negative return on equity of 3.82% and a negative net margin of 2.89%. Moelis & Company’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Equities analysts forecast that Moelis & Company will post 1.5 EPS for the current year.

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date was Friday, February 16th. Moelis & Company’s dividend payout ratio (DPR) is -666.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MC. StockNews.com raised Moelis & Company from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price objective on Moelis & Company from $46.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. UBS Group dropped their price objective on Moelis & Company from $46.00 to $45.00 and set a “sell” rating for the company in a research note on Tuesday, March 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $56.00 price objective on shares of Moelis & Company in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $50.80.

About Moelis & Company

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.