Impact Capital Partners LLC Invests $820,000 in Moelis & Company (NYSE:MC)

Impact Capital Partners LLC purchased a new stake in Moelis & Company (NYSE:MC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,097 shares of the asset manager’s stock, valued at approximately $820,000.

A number of other large investors also recently modified their holdings of MC. Atria Investments Inc boosted its holdings in shares of Moelis & Company by 4.6% in the third quarter. Atria Investments Inc now owns 25,197 shares of the asset manager’s stock valued at $1,726,000 after buying an additional 1,107 shares during the period. Los Angeles Capital Management LLC increased its holdings in Moelis & Company by 35.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 12,248 shares of the asset manager’s stock valued at $839,000 after buying an additional 3,190 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Moelis & Company by 52.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 6,443 shares of the asset manager’s stock valued at $441,000 after purchasing an additional 2,213 shares in the last quarter. Victory Capital Management Inc. boosted its position in Moelis & Company by 72.2% during the 3rd quarter. Victory Capital Management Inc. now owns 85,202 shares of the asset manager’s stock worth $5,837,000 after buying an additional 35,713 shares during the period. Finally, KBC Group NV raised its holdings in Moelis & Company by 24.4% during the 3rd quarter. KBC Group NV now owns 2,068 shares of the asset manager’s stock worth $142,000 after purchasing an additional 405 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Moelis & Company news, CEO Kenneth Moelis sold 9,712 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $718,688.00. Following the sale, the chief executive officer now owns 209,235 shares in the company, valued at $15,483,390. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher Callesano sold 1,282 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $94,868.00. Following the completion of the sale, the insider now owns 1,227 shares in the company, valued at approximately $90,798. The trade was a 51.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,721 shares of company stock valued at $1,677,017 in the last ninety days. Corporate insiders own 6.40% of the company’s stock.

Moelis & Company Stock Performance

NYSE MC opened at $60.17 on Thursday. Moelis & Company has a one year low of $46.24 and a one year high of $82.89. The stock has a 50-day moving average of $73.49 and a 200 day moving average of $71.87. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 34.19 and a beta of 1.43.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. On average, equities analysts predict that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.65 per share. This is a boost from Moelis & Company’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Tuesday, February 18th. Moelis & Company’s payout ratio is presently 147.73%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MC. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research note on Thursday, February 6th. The Goldman Sachs Group upped their price objective on shares of Moelis & Company from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Morgan Stanley upped their price objective on shares of Moelis & Company from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. StockNews.com lowered Moelis & Company from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company raised their price target on Moelis & Company from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $78.83.

Moelis & 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.