News headlines about Moelis & Co (NYSE:MC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Moelis & Co earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 45.0385827512303 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Moelis & Company (MC) Commences 5M Public Offering of Class A Common Stock (streetinsider.com)
- [$$] French Connection reveals takeover approach by US group (finance.yahoo.com)
- BRIEF-Moelis & Company Prices Public Offering Of 5 mln Class A Common Stock at $51.00 per share (feeds.reuters.com)
- MOVES-FIG specialist Glauerdt joins Moelis (finance.yahoo.com)
- MOVES-Moelis appoints Robert Glauerdt as a managing director (finance.yahoo.com)
Moelis & Co (NYSE:MC) opened at $52.50 on Wednesday. Moelis & Co has a 52 week low of $34.60 and a 52 week high of $54.36. The company has a market cap of $2,920.30, a P/E ratio of 23.12, a P/E/G ratio of 1.33 and a beta of 1.75.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th were paid a dividend of $0.47 per share. The ex-dividend date was Friday, February 16th. This is a positive change from Moelis & Co’s previous quarterly dividend of $0.37. This represents a $1.88 annualized dividend and a yield of 3.58%. Moelis & Co’s dividend payout ratio is currently 237.98%.
Several equities research analysts recently commented on MC shares. Morgan Stanley boosted their price objective on shares of Moelis & Co from $49.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, February 13th. Bank of America boosted their price objective on shares of Moelis & Co from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, ValuEngine upgraded shares of Moelis & Co from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Moelis & Co presently has an average rating of “Buy” and a consensus price target of $50.67.
In other news, COO Elizabeth Crain sold 8,583 shares of Moelis & Co stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $50.00, for a total value of $429,150.00. Following the completion of the transaction, the chief operating officer now owns 17,165 shares in the company, valued at $858,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman J Richard Leaman III sold 15,572 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $50.00, for a total transaction of $778,600.00. Following the transaction, the insider now directly owns 31,142 shares of the company’s stock, valued at approximately $1,557,100. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,393 shares of company stock worth $6,999,369. 52.64% of the stock is owned by insiders.
Moelis & Co Company Profile
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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