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.
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%.
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.
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