Joseph Simon Sells 6,723 Shares of Moelis & Company (NYSE:MC) Stock

Moelis & Company (NYSE:MC) CFO Joseph Simon sold 6,723 shares of the firm’s stock in a transaction 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 the SEC website.

Moelis & Company Trading Down 1.0 %

MC traded down $0.67 on Monday, hitting $67.41. 591,150 shares of the company’s stock were exchanged, compared to its average volume of 612,777. The stock has a fifty day moving average of $57.64 and a two-hundred day moving average of $55.40. Moelis & Company has a twelve month low of $38.58 and a twelve month high of $68.84. The firm has a market cap of $5.04 billion, a PE ratio of -358.32 and a beta of 1.35.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.07. The business had revenue of $264.59 million for the quarter, compared to the consensus estimate of $227.90 million. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. The business’s revenue was up 47.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. On average, analysts predict that Moelis & Company will post 1.03 EPS for the current year.

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Monday, August 5th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.56%. Moelis & Company’s dividend payout ratio (DPR) is presently -1,263.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MC shares. JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th. UBS Group raised their price objective on shares of Moelis & Company from $47.00 to $50.00 and gave the stock a “sell” rating in a report on Tuesday, July 9th. Morgan Stanley upped their target price on shares of Moelis & Company from $51.00 to $61.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 price target (up from $54.00) on shares of Moelis & Company in a research note on Thursday. Finally, 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 research note on Thursday. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, Moelis & Company has an average rating of “Hold” and a consensus price target of $56.00.

Hedge Funds Weigh In On Moelis & Company

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its stake in Moelis & Company by 63.5% during the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after buying an additional 193 shares during the period. GAMMA Investing LLC bought a new position in shares of Moelis & Company in the fourth quarter valued at approximately $34,000. Hexagon Capital Partners LLC boosted its holdings in shares of Moelis & Company by 147.9% in the first quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 392 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Moelis & Company by 510.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 699 shares during the period. Finally, Assetmark Inc. raised its holdings in Moelis & Company by 22.5% during the fourth quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock worth $84,000 after purchasing an additional 276 shares in the last quarter. 91.53% of the stock is owned by institutional investors.

Moelis & Company 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.