Moelis & Co (NYSE:MC) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $32.04 and last traded at $32.81, with a volume of 278592 shares trading hands. The stock had previously closed at $33.09.
Several analysts have commented on the stock. Zacks Investment Research lowered shares of Moelis & Co from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. ValuEngine upgraded shares of Moelis & Co from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. JMP Securities lowered their price objective on shares of Moelis & Co from $56.00 to $50.00 and set a “market outperform” rating for the company in a report on Monday, April 8th. Finally, Bank of America lowered shares of Moelis & Co from a “buy” rating to an “underperform” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Moelis & Co presently has an average rating of “Hold” and a consensus target price of $53.89.
The company has a market cap of $1.93 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.21 and a beta of 1.95. The company has a current ratio of 10.48, a quick ratio of 10.48 and a debt-to-equity ratio of 0.21.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Friday, May 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.06%. The ex-dividend date is Thursday, May 9th. Moelis & Co’s dividend payout ratio (DPR) is currently 66.67%.
In other news, COO Elizabeth Crain sold 16,971 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $37.50, for a total value of $636,412.50. Following the completion of the sale, the chief operating officer now owns 33,943 shares of the company’s stock, valued at approximately $1,272,862.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Callesano sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $38.00, for a total transaction of $133,000.00. Following the completion of the sale, the insider now directly owns 7,269 shares of the company’s stock, valued at approximately $276,222. The disclosure for this sale can be found here. Insiders have sold 195,512 shares of company stock valued at $7,333,450 in the last three months. 29.91% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in MC. Sageworth Trust Co purchased a new stake in shares of Moelis & Co in the 1st quarter worth approximately $28,000. Pearl River Capital LLC purchased a new stake in shares of Moelis & Co in the 4th quarter worth approximately $72,000. Hilton Capital Management LLC purchased a new stake in shares of Moelis & Co in the 1st quarter worth approximately $101,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Moelis & Co in the 4th quarter worth approximately $113,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Moelis & Co by 766.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,842 shares of the asset manager’s stock worth $118,000 after purchasing an additional 2,514 shares during the period. 75.72% of the stock is owned by hedge funds and other institutional investors.
Moelis & Co Company Profile (NYSE:MC)
Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.
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