Moelis & Company (NYSE:MC) Shares Sold by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC lessened its holdings in shares of Moelis & Company (NYSE:MC) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,428 shares of the asset manager’s stock after selling 715 shares during the period. Moelis & Company accounts for approximately 0.6% of Strata Wealth Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Strata Wealth Advisors LLC’s holdings in Moelis & Company were worth $1,673,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in shares of Moelis & Company by 63.5% during the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after acquiring an additional 193 shares during the period. Hexagon Capital Partners LLC raised its stake in Moelis & Company by 147.9% during the first quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock worth $37,000 after purchasing an additional 392 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Moelis & Company by 510.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 699 shares during the last quarter. Assetmark Inc. grew its stake in shares of Moelis & Company by 22.5% in the 4th quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock valued at $84,000 after buying an additional 276 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Moelis & Company during the 2nd quarter worth approximately $113,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MC shares. JPMorgan Chase & Co. upped their price objective on Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. UBS Group upped their price target on Moelis & Company from $47.00 to $50.00 and gave the company a “sell” rating in a research note on Tuesday, July 9th. Morgan Stanley raised their price objective on Moelis & Company from $61.00 to $67.00 and gave the stock an “underweight” rating in a research report on Monday. Wells Fargo & Company initiated coverage on shares of Moelis & Company in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 target price on the stock. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 price target (up from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, Moelis & Company presently has a consensus rating of “Hold” and an average target price of $59.33.

Moelis & Company Price Performance

Shares of Moelis & Company stock opened at $70.09 on Tuesday. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of -368.89 and a beta of 1.33. The business has a 50-day moving average of $65.25 and a 200 day moving average of $58.48. Moelis & Company has a 12 month low of $38.58 and a 12 month high of $71.34.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. The business had revenue of $264.59 million during the quarter, compared to analyst estimates of $227.90 million. During the same quarter last year, the firm posted ($0.04) earnings per share. The business’s revenue for the quarter was up 47.1% compared to the same quarter last year. Equities research analysts anticipate that Moelis & Company will post 1.09 earnings per share for the current year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Monday, August 5th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.40 annualized dividend and a dividend yield of 3.42%. Moelis & Company’s dividend payout ratio (DPR) is -1,263.16%.

Insider Transactions at Moelis & Company

In related news, CFO Joseph Simon sold 6,723 shares of Moelis & Company stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $64.00, for a total value of $430,272.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Joseph Simon sold 6,723 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $64.00, for a total transaction of $430,272.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kenneth Moelis sold 5,308 shares of Moelis & Company stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $68.87, for a total transaction of $365,561.96. Following the completion of the transaction, the chief executive officer now owns 86 shares of the company’s stock, valued at approximately $5,922.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,526 shares of company stock valued at $830,133. 6.40% of the stock is currently owned by company insiders.

Moelis & 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.