Vestmark Advisory Solutions Inc. raised its stake in Moelis & Company (NYSE:MC – Get Rating) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,479 shares of the asset manager’s stock after acquiring an additional 602 shares during the quarter. Vestmark Advisory Solutions Inc. owned approximately 0.08% of Moelis & Company worth $2,090,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. AlphaCrest Capital Management LLC acquired a new position in shares of Moelis & Company in the third quarter valued at approximately $726,000. Russell Investments Group Ltd. lifted its stake in Moelis & Company by 15,880.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 53,376 shares of the asset manager’s stock valued at $1,802,000 after acquiring an additional 53,042 shares in the last quarter. First Trust Advisors LP lifted its stake in Moelis & Company by 23.3% during the 3rd quarter. First Trust Advisors LP now owns 253,837 shares of the asset manager’s stock valued at $8,582,000 after acquiring an additional 48,007 shares in the last quarter. CWM LLC increased its position in shares of Moelis & Company by 2.0% during the 3rd quarter. CWM LLC now owns 25,547 shares of the asset manager’s stock valued at $864,000 after purchasing an additional 508 shares during the last quarter. Finally, CX Institutional increased its position in shares of Moelis & Company by 54.4% during the 3rd quarter. CX Institutional now owns 6,409 shares of the asset manager’s stock valued at $217,000 after purchasing an additional 2,258 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.
Insider Activity at Moelis & Company
In related news, insider Christopher Callesano sold 1,155 shares of the business’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $46.92, for a total transaction of $54,192.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Christopher Callesano sold 1,155 shares of the business’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $46.92, for a total value of $54,192.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Navid Mahmoodzadegan sold 23,323 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $43.05, for a total value of $1,004,055.15. Following the completion of the transaction, the insider now directly owns 99,860 shares of the company’s stock, valued at $4,298,973. The disclosure for this sale can be found here. Insiders sold a total of 370,067 shares of company stock worth $16,395,758 in the last quarter. 7.97% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Moelis & Company Stock Performance
Shares of NYSE:MC opened at $38.44 on Friday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 17.88 and a beta of 1.46. The stock’s 50-day simple moving average is $42.88 and its two-hundred day simple moving average is $41.29. Moelis & Company has a 52-week low of $33.12 and a 52-week high of $50.23.
Moelis & Company (NYSE:MC – Get Rating) last issued its earnings results on Wednesday, February 8th. The asset manager reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.04). Moelis & Company had a net margin of 15.26% and a return on equity of 37.77%. The business had revenue of $207.18 million for the quarter, compared to the consensus estimate of $211.34 million. During the same period last year, the business posted $1.42 EPS. The firm’s revenue for the quarter was down 51.3% compared to the same quarter last year. As a group, equities analysts forecast that Moelis & Company will post 1.97 earnings per share for the current fiscal year.
Moelis & Company Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 28th. Investors of record on Tuesday, February 21st were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend was Friday, February 17th. Moelis & Company’s payout ratio is currently 111.63%.
Moelis & Company Company Profile
Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments.
Read More
- Get a free copy of the StockNews.com research report on Moelis & Company (MC)
- What is a Gold IRA, and is it a Viable Investment?
- Is Braze, Inc Ready To Rocket Higher?
- Mullen Automotive Makes Deliveries; Short-Squeeze Possible
- Can Frontline Maintain This Momentum?
- Walmart Shares Jump on Evercore Analyst Upgrade
Receive News & Ratings for Moelis & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Company and related companies with MarketBeat.com's FREE daily email newsletter.
