Strs Ohio Boosts Stock Position in Moelis & Company (NYSE:MC)

Strs Ohio increased its position in shares of Moelis & Company (NYSE:MC) by 25.0% during the 4th quarter, HoldingsChannel reports. The fund owned 4,500 shares of the asset manager’s stock after acquiring an additional 900 shares during the quarter. Strs Ohio’s holdings in Moelis & Company were worth $252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mendota Financial Group LLC acquired a new position in Moelis & Company in the fourth quarter valued at approximately $34,000. Neo Ivy Capital Management acquired a new position in shares of Moelis & Company in the 3rd quarter valued at $99,000. International Assets Investment Management LLC grew its holdings in shares of Moelis & Company by 890.4% during the 4th quarter. International Assets Investment Management LLC now owns 3,199 shares of the asset manager’s stock worth $180,000 after purchasing an additional 2,876 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Moelis & Company during the 3rd quarter worth about $174,000. Finally, Tritonpoint Wealth LLC purchased a new stake in Moelis & Company in the 4th quarter valued at about $252,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

Insider Activity at Moelis & Company

In other Moelis & Company news, insider Christopher Callesano sold 1,040 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.59, for a total value of $55,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Moelis & Company news, insider Christopher Callesano sold 1,040 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.59, for a total transaction of $55,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Eric Cantor sold 17,857 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $939,278.20. Following the transaction, the insider now owns 195,863 shares of the company’s stock, valued at approximately $10,302,393.80. The disclosure for this sale can be found here. Insiders sold a total of 375,185 shares of company stock valued at $20,130,225 over the last ninety days. Insiders own 6.96% of the company’s stock.

Moelis & Company Trading Up 0.6 %

NYSE:MC opened at $50.05 on Tuesday. Moelis & Company has a 12-month low of $33.87 and a 12-month high of $58.67. The firm has a market cap of $3.56 billion, a PE ratio of -263.42 and a beta of 1.35. The stock has a fifty day moving average price of $53.96 and a 200 day moving average price of $51.68.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The business had revenue of $217.49 million for the quarter, compared to analyst estimates of $219.30 million. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.12%. The company’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. Equities analysts forecast that Moelis & Company will post 1.29 EPS for the current year.

Moelis & Company Dividend Announcement

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 given 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 4.80%. Moelis & Company’s dividend payout ratio is presently -1,263.16%.

Analyst Upgrades and Downgrades

MC has been the subject of several research analyst reports. UBS Group increased their target price on shares of Moelis & Company from $45.00 to $47.00 and gave the stock a “sell” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. boosted their target price on Moelis & Company from $46.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. StockNews.com upgraded Moelis & Company from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a report on Tuesday, April 9th. Finally, The Goldman Sachs Group raised Moelis & Company from a “sell” rating to a “neutral” rating and lifted their target price for the company from $53.00 to $58.00 in a research report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.