Insider Selling: Moelis & Company (NYSE:MC) CEO Sells 5,308 Shares of Stock

Moelis & Company (NYSE:MC) CEO Kenneth Moelis sold 5,308 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $68.87, for a total transaction of $365,561.96. Following the transaction, the chief executive officer now directly owns 86 shares of the company’s stock, valued at approximately $5,922.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kenneth Moelis also recently made the following trade(s):

• On Thursday, May 9th, Kenneth Moelis sold 40,000 shares of Moelis & Company stock. The stock was sold at an average price of $53.98, for a total transaction of $2,159,200.00.

Moelis & Company Stock Down 3.1 %

MC traded down $2.02 during midday trading on Friday, reaching $62.23. 1,003,792 shares of the company’s stock were exchanged, compared to its average volume of 623,307. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of -338.16 and a beta of 1.34. The business has a 50-day simple moving average of $58.43 and a two-hundred day simple moving average of $55.76. Moelis & Company has a one year low of $38.58 and a one year high of $70.00.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, July 24th. The asset manager reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.07. The company had revenue of $264.59 million during the quarter, compared to analyst estimates of $227.90 million. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. The company’s revenue was up 47.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) earnings per share. As a group, research analysts anticipate that Moelis & Company will post 1.08 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Monday, August 5th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, August 5th. Moelis & Company’s dividend payout ratio is currently -1,263.16%.

Institutional Trading of Moelis & Company

A number of hedge funds and other institutional investors have recently modified their holdings of MC. UMB Bank n.a. boosted its stake in Moelis & Company by 63.5% in the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 193 shares during the last quarter. O ROURKE & COMPANY Inc boosted its stake in Moelis & Company by 4.1% in the fourth quarter. O ROURKE & COMPANY Inc now owns 5,644 shares of the asset manager’s stock valued at $317,000 after acquiring an additional 221 shares during the last quarter. Peak Financial Advisors LLC boosted its stake in Moelis & Company by 2.9% in the first quarter. Peak Financial Advisors LLC now owns 8,715 shares of the asset manager’s stock valued at $495,000 after acquiring an additional 245 shares during the last quarter. Assetmark Inc. boosted its stake in Moelis & Company by 22.5% in the fourth quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock valued at $84,000 after acquiring an additional 276 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its stake in Moelis & Company by 3.3% in the second quarter. Naples Global Advisors LLC now owns 10,171 shares of the asset manager’s stock valued at $578,000 after acquiring an additional 325 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MC shares. JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th. UBS Group increased their target price on shares of Moelis & Company from $47.00 to $50.00 and gave the company a “sell” rating in a research note on Tuesday, July 9th. Morgan Stanley increased 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. JPMorgan Chase & Co. increased their target price on shares of Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 target price (up previously from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $56.00.

About Moelis & Company

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.