O ROURKE & COMPANY Inc Buys 294 Shares of Moelis & Company (NYSE:MC)

O ROURKE & COMPANY Inc increased its stake in Moelis & Company (NYSE:MC) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,489 shares of the asset manager’s stock after buying an additional 294 shares during the quarter. O ROURKE & COMPANY Inc’s holdings in Moelis & Company were worth $445,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its position in Moelis & Company by 63.5% during the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after purchasing an additional 193 shares during the period. GAMMA Investing LLC raised its position in shares of Moelis & Company by 115.8% in the third quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock valued at $68,000 after purchasing an additional 534 shares during the period. Blue Trust Inc. lifted its stake in shares of Moelis & Company by 193.0% during the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock worth $74,000 after buying an additional 712 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Moelis & Company during the 3rd quarter worth about $75,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Moelis & Company by 75.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,465 shares of the asset manager’s stock valued at $83,000 after buying an additional 629 shares during the last quarter. 91.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 price objective (up previously from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. UBS Group boosted their price target on Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. Wells Fargo & Company started coverage on Moelis & Company in a research note on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley decreased their price target on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.83.

Moelis & Company Stock Performance

Shares of MC stock traded up $0.21 during trading hours on Thursday, hitting $67.09. 69,305 shares of the company were exchanged, compared to its average volume of 623,590. The company has a 50 day simple moving average of $67.72 and a two-hundred day simple moving average of $61.01. The firm has a market cap of $5.02 billion, a P/E ratio of -352.16 and a beta of 1.33. Moelis & Company has a fifty-two week low of $39.91 and a fifty-two week high of $72.80.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. The business had revenue of $273.76 million for the quarter, compared to analysts’ expectations of $273.58 million. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. The business’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts expect that Moelis & Company will post 0.98 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Monday, November 4th. Moelis & Company’s dividend payout ratio is currently -1,263.16%.

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.