Moelis & Company (NYSE:MC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Moelis & Company (NYSE:MC) by 18.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,175 shares of the asset manager’s stock after purchasing an additional 180 shares during the period. GAMMA Investing LLC’s holdings in Moelis & Company were worth $87,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. grew its position in Moelis & Company by 18.2% during the 2nd quarter. Sei Investments Co. now owns 305,871 shares of the asset manager’s stock worth $17,392,000 after purchasing an additional 47,176 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Moelis & Company during the third quarter worth about $3,433,000. XTX Topco Ltd grew its holdings in shares of Moelis & Company by 274.4% during the second quarter. XTX Topco Ltd now owns 16,524 shares of the asset manager’s stock worth $940,000 after buying an additional 12,110 shares during the last quarter. Natixis Advisors LLC increased its position in Moelis & Company by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock valued at $55,141,000 after acquiring an additional 96,720 shares during the period. Finally, Cerity Partners LLC raised its stake in Moelis & Company by 129.8% during the 3rd quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager’s stock valued at $949,000 after acquiring an additional 7,819 shares during the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

Moelis & Company Stock Down 4.3 %

NYSE:MC opened at $71.52 on Friday. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $81.60. The firm’s fifty day simple moving average is $74.71 and its 200-day simple moving average is $68.39. The stock has a market cap of $5.36 billion, a PE ratio of 134.94 and a beta of 1.39.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The firm had revenue of $273.76 million for the quarter, compared to analysts’ expectations of $273.58 million. During the same period in the prior year, the company earned ($0.15) EPS. The firm’s revenue was up .6% on a year-over-year basis. Equities analysts anticipate that Moelis & Company will post 0.96 earnings per share for the current year.

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.36%. Moelis & Company’s dividend payout ratio (DPR) is 452.83%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MC. Keefe, Bruyette & Woods raised Moelis & Company from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $71.00 to $86.00 in a report on Friday, December 20th. Morgan Stanley raised shares of Moelis & Company from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $66.00 to $92.00 in a research note on Monday, December 9th. UBS Group raised their target price on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their price target on shares of Moelis & Company from $70.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.83.

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.