Kenneth Moelis Sells 15,000 Shares of Moelis & Co (MC) Stock

Moelis & Co (NYSE:MC) Chairman Kenneth Moelis sold 15,000 shares of Moelis & Co stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $37.46, for a total transaction of $561,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kenneth Moelis also recently made the following trade(s):

  • On Wednesday, April 26th, Kenneth Moelis sold 32,504 shares of Moelis & Co stock. The shares were sold at an average price of $38.12, for a total transaction of $1,239,052.48.

Moelis & Co (NYSE:MC) traded up 0.85% during mid-day trading on Friday, hitting $35.65. 35,562 shares of the stock were exchanged. The company has a market capitalization of $951.78 million, a PE ratio of 20.31 and a beta of 1.90. Moelis & Co has a 52 week low of $21.91 and a 52 week high of $39.90. The stock’s 50-day moving average is $37.25 and its 200 day moving average is $34.39.

Moelis & Co (NYSE:MC) last posted its quarterly earnings results on Tuesday, April 25th. The asset manager reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.12. The company had revenue of $173.30 million during the quarter, compared to analyst estimates of $148.75 million. Moelis & Co had a net margin of 6.26% and a return on equity of 45.11%. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, analysts anticipate that Moelis & Co will post $2.03 EPS for the current year.

Insider Buying and Selling by Quarter for Moelis & Co (NYSE:MC)

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, May 8th. This represents a $1.48 annualized dividend and a yield of 4.19%. Moelis & Co’s payout ratio is currently 81.53%.

COPYRIGHT VIOLATION WARNING: “Kenneth Moelis Sells 15,000 Shares of Moelis & Co (MC) Stock” was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this report on another domain, it was copied illegally and reposted in violation of US and international copyright laws. The correct version of this report can be accessed at https://sportsperspectives.com/2017/05/19/kenneth-moelis-sells-15000-shares-of-moelis-co-mc-stock.html.

A number of brokerages have recently commented on MC. Zacks Investment Research raised shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, February 15th. Keefe, Bruyette & Woods began coverage on shares of Moelis & Co in a research note on Friday, May 5th. They set a “mkt perform” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.83.

A number of institutional investors have recently bought and sold shares of MC. Capital Fund Management S.A. raised its position in Moelis & Co by 26.0% in the third quarter. Capital Fund Management S.A. now owns 16,452 shares of the asset manager’s stock valued at $442,000 after buying an additional 3,400 shares during the last quarter. Citadel Advisors LLC bought a new position in Moelis & Co during the third quarter valued at $487,000. Russell Investments Group Ltd. bought a new position in Moelis & Co during the fourth quarter valued at $689,000. State Street Corp raised its position in Moelis & Co by 7.5% in the fourth quarter. State Street Corp now owns 325,602 shares of the asset manager’s stock valued at $11,038,000 after buying an additional 22,706 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Moelis & Co by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 300,208 shares of the asset manager’s stock valued at $10,177,000 after buying an additional 22,638 shares during the last quarter. Institutional investors own 68.96% of the company’s stock.

About Moelis & Co

Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.

5 Day Chart for NYSE:MC

Receive News & Ratings for Moelis & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply