Moelis & Company (NYSE:MC) Insider Sells $2,470,301.60 in Stock

Moelis & Company (NYSE:MC) insider Navid Mahmoodzadegan sold 44,980 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $54.92, for a total transaction of $2,470,301.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Navid Mahmoodzadegan also recently made the following trade(s):

• On Thursday, February 29th, Navid Mahmoodzadegan sold 50,772 shares of Moelis & Company stock. The shares were sold at an average price of $54.11, for a total value of $2,747,272.92.
• On Thursday, February 22nd, Navid Mahmoodzadegan sold 10,402 shares of Moelis & Company stock. The stock was sold at an average price of $54.92, for a total value of $571,277.84.
• On Tuesday, February 20th, Navid Mahmoodzadegan sold 25,642 shares of Moelis & Company stock. The shares were sold at an average price of $55.29, for a total value of $1,417,746.18.
• On Friday, February 16th, Navid Mahmoodzadegan sold 20,001 shares of Moelis & Company stock. The shares were sold at an average price of $55.82, for a total transaction of $1,116,455.82.

Moelis & Company Stock Up 0.5 %

MC opened at $56.01 on Thursday. Moelis & Company has a 12-month low of $34.03 and a 12-month high of $58.67. The firm has a market capitalization of $4.19 billion, a P/E ratio of -294.79 and a beta of 1.39. The stock’s 50 day moving average price is $53.78 and its two-hundred day moving average price is $52.57.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. The company 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 business’s quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the business posted $0.05 EPS. As a group, analysts anticipate that Moelis & Company will post 1.3 earnings per share for the current year.

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 4.28%. Moelis & Company’s dividend payout ratio is currently -1,263.16%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MC shares. JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $54.00 target price (down from $58.00) on shares of Moelis & Company in a research report on Thursday, April 25th. The Goldman Sachs Group upgraded Moelis & Company from a “sell” rating to a “neutral” rating and lifted their price target for the company from $53.00 to $58.00 in a report on Wednesday, March 13th. StockNews.com raised shares of Moelis & Company from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Finally, UBS Group increased their price target on Moelis & Company from $45.00 to $47.00 and gave the company a “sell” rating in a report on Thursday, April 25th. Two equities 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, Moelis & Company has an average rating of “Hold” and an average target price of $50.80.

Institutional Trading of Moelis & Company

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MC. Natixis Advisors L.P. grew its position in Moelis & Company by 19.0% in the fourth quarter. Natixis Advisors L.P. now owns 146,449 shares of the asset manager’s stock valued at $8,219,000 after acquiring an additional 23,426 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Moelis & Company by 26.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 96,568 shares of the asset manager’s stock worth $5,420,000 after purchasing an additional 20,413 shares in the last quarter. Heritage Wealth Management LLC bought a new position in Moelis & Company during the 4th quarter valued at about $276,000. M&T Bank Corp boosted its position in Moelis & Company by 447.3% in the fourth quarter. M&T Bank Corp now owns 26,813 shares of the asset manager’s stock valued at $1,505,000 after buying an additional 21,914 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Moelis & Company by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 792,729 shares of the asset manager’s stock worth $35,776,000 after buying an additional 42,424 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

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.