4,063 Shares in Moelis & Company (NYSE:MC) Purchased by Xponance Inc.

Xponance Inc. acquired a new position in Moelis & Company (NYSE:MC) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,063 shares of the asset manager’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Moelis & Company by 32.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,337 shares of the asset manager’s stock worth $805,000 after acquiring an additional 3,538 shares during the period. Mackenzie Financial Corp purchased a new position in Moelis & Company during the fourth quarter valued at approximately $237,000. Strs Ohio increased its holdings in Moelis & Company by 25.0% during the fourth quarter. Strs Ohio now owns 4,500 shares of the asset manager’s stock valued at $252,000 after buying an additional 900 shares during the period. Louisiana State Employees Retirement System purchased a new position in Moelis & Company during the fourth quarter valued at approximately $1,875,000. Finally, Friedenthal Financial purchased a new position in Moelis & Company during the fourth quarter valued at approximately $728,000. 91.53% of the stock is owned by hedge funds and other institutional investors.

Moelis & Company Trading Down 1.0 %

NYSE:MC opened at $49.75 on Friday. Moelis & Company has a 12 month low of $33.87 and a 12 month high of $58.67. The firm has a fifty day simple moving average of $54.07 and a 200-day simple moving average of $51.59. The company has a market capitalization of $3.54 billion, a P/E ratio of -261.84 and a beta of 1.35.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.13%. The business had revenue of $217.49 million during the quarter, compared to the consensus estimate of $219.30 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. Equities analysts forecast that Moelis & Company will post 1.47 EPS for the current year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.40 annualized dividend and a dividend yield of 4.82%. Moelis & Company’s payout ratio is currently -1,263.16%.

Insider Transactions at Moelis & Company

In other news, CEO Kenneth Moelis sold 128,277 shares of Moelis & Company stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $6,747,370.20. Following the completion of the sale, the chief executive officer now directly owns 161,810 shares in the company, valued at $8,511,206. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Kenneth Moelis sold 128,277 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $6,747,370.20. Following the completion of the transaction, the chief executive officer now owns 161,810 shares of the company’s stock, valued at $8,511,206. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher Callesano sold 1,040 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.59, for a total transaction of $55,733.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 375,185 shares of company stock worth $20,130,225. Company insiders own 6.96% of the company’s stock.

Analyst Ratings Changes

MC has been the topic of several research reports. StockNews.com raised shares of Moelis & Company from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. UBS Group raised their target price on shares of Moelis & Company from $45.00 to $47.00 and gave the company a “sell” rating in a research note on Thursday. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research note on Tuesday, April 9th. JPMorgan Chase & Co. raised their target price on shares of Moelis & Company from $46.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $54.00 target price (down from $58.00) on shares of Moelis & Company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $50.80.

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.