137,491 Shares in Moelis & Company (NYSE:MC) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Moelis & Company (NYSE:MC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 137,491 shares of the asset manager’s stock, valued at approximately $10,158,000. Proficio Capital Partners LLC owned approximately 0.18% of Moelis & Company at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Moelis & Company in the fourth quarter worth about $47,000. Jones Financial Companies Lllp lifted its position in shares of Moelis & Company by 148.3% in the fourth quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager’s stock worth $61,000 after buying an additional 491 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Moelis & Company by 368.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,016 shares of the asset manager’s stock valued at $75,000 after purchasing an additional 799 shares during the period. GAMMA Investing LLC raised its position in Moelis & Company by 18.1% during the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock valued at $87,000 after purchasing an additional 180 shares during the period. Finally, Blue Trust Inc. raised its position in Moelis & Company by 47.7% during the fourth quarter. Blue Trust Inc. now owns 1,597 shares of the asset manager’s stock valued at $109,000 after purchasing an additional 516 shares during the period. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Stock Performance

Shares of NYSE MC opened at $59.61 on Friday. The business’s 50 day moving average price is $72.87 and its 200-day moving average price is $71.74. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $82.89. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 33.87 and a beta of 1.43.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. Sell-side analysts predict that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 18th will be paid a $0.65 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.60 annualized dividend and a yield of 4.36%. This is a boost from Moelis & Company’s previous quarterly dividend of $0.60. Moelis & Company’s dividend payout ratio is 147.73%.

Wall Street Analyst Weigh In

MC has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on Moelis & Company from $77.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research report on Thursday, February 6th. Morgan Stanley restated an “underweight” rating and set a $70.00 price objective (down from $100.00) on shares of Moelis & Company in a research report on Thursday. The Goldman Sachs Group decreased their price objective on Moelis & Company from $86.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, StockNews.com downgraded Moelis & Company from a “buy” rating to a “hold” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $71.83.

Insider Buying and Selling

In other Moelis & Company news, insider Christopher Callesano sold 1,282 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $94,868.00. Following the sale, the insider now owns 1,227 shares of the company’s stock, valued at approximately $90,798. This trade represents a 51.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kenneth Moelis sold 9,712 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total value of $718,688.00. Following the sale, the chief executive officer now directly owns 209,235 shares in the company, valued at $15,483,390. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,721 shares of company stock valued at $1,677,017 over the last quarter. 6.40% of the stock is owned by corporate insiders.

Moelis & Company 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.