World Investment Advisors Makes New Investment in Moelis & Company $MC

World Investment Advisors purchased a new stake in Moelis & Company (NYSE:MC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,268 shares of the asset manager’s stock, valued at approximately $453,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. eCIO Inc. acquired a new stake in shares of Moelis & Company during the first quarter worth $50,000. GAMMA Investing LLC boosted its holdings in Moelis & Company by 38.9% during the first quarter. GAMMA Investing LLC now owns 1,632 shares of the asset manager’s stock worth $95,000 after buying an additional 457 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Moelis & Company during the 1st quarter worth about $107,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Moelis & Company during the 1st quarter worth about $124,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Moelis & Company by 10.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,241 shares of the asset manager’s stock valued at $202,000 after acquiring an additional 298 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Moelis & Company

In related news, Director Kenneth Shropshire sold 2,615 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $72.52, for a total transaction of $189,639.80. Following the completion of the transaction, the director directly owned 7,109 shares in the company, valued at approximately $515,544.68. This trade represents a 26.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MC has been the topic of several recent analyst reports. Seaport Res Ptn upgraded shares of Moelis & Company from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Zacks Research cut shares of Moelis & Company from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. BMO Capital Markets assumed coverage on shares of Moelis & Company in a report on Friday, October 3rd. They issued a “market perform” rating and a $74.00 price target for the company. Morgan Stanley upped their price objective on shares of Moelis & Company from $74.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Moelis & Company in a report on Thursday, October 9th. They set a “buy” rating and a $80.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Moelis & Company currently has a consensus rating of “Hold” and an average target price of $71.57.

Moelis & Company Stock Up 0.2%

Shares of MC stock opened at $63.47 on Tuesday. The firm has a fifty day moving average of $70.50 and a 200-day moving average of $65.40. Moelis & Company has a 12-month low of $47.00 and a 12-month high of $82.89. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 21.23 and a beta of 1.77.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, October 29th. The asset manager reported $0.68 EPS for the quarter, beating the consensus estimate of $0.57 by $0.11. The business had revenue of $356.89 million for the quarter, compared to analysts’ expectations of $336.14 million. Moelis & Company had a net margin of 15.98% and a return on equity of 47.11%. The firm’s revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. On average, equities analysts expect that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 10th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, November 10th. Moelis & Company’s payout ratio is 86.96%.

Moelis & Company Profile

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.