Moelis & Company (NYSE:MC) CFO Sells $430,272.00 in Stock

Moelis & Company (NYSE:MC) CFO Joseph Simon sold 6,723 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $64.00, for a total transaction of $430,272.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Moelis & Company Price Performance

Shares of Moelis & Company stock traded down $0.67 during trading on Monday, reaching $67.41. 591,150 shares of the company traded hands, compared to its average volume of 612,777. Moelis & Company has a 1-year low of $38.58 and a 1-year high of $68.84. The company has a 50 day moving average price of $57.64 and a 200-day moving average price of $55.40. The firm has a market capitalization of $5.04 billion, a PE ratio of -358.32 and a beta of 1.35.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. The business 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%. Moelis & Company’s quarterly revenue was up 47.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) EPS. Equities research analysts expect that Moelis & Company will post 1.03 earnings per share for the current year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Monday, August 5th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.40 dividend on an annualized basis and a yield of 3.56%. Moelis & Company’s dividend payout ratio (DPR) is presently -1,263.16%.

Institutional Trading of Moelis & Company

Hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. raised its holdings in shares of 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 purchasing an additional 193 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Moelis & Company in the fourth quarter valued at about $34,000. Hexagon Capital Partners LLC raised its holdings in shares of Moelis & Company by 147.9% in the first quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 392 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Moelis & Company by 510.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 699 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Moelis & Company by 22.5% during the fourth quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock worth $84,000 after buying an additional 276 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

Wall Street Analyst Weigh In

MC has been the subject of a number of research reports. UBS Group raised their target price on shares of Moelis & Company from $47.00 to $50.00 and gave the stock a “sell” rating in a research note on Tuesday, July 9th. Morgan Stanley lifted their price objective on shares of Moelis & Company from $51.00 to $61.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research note on Tuesday, April 9th. JPMorgan Chase & Co. raised their target price on shares of Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $60.00 target price (up from $54.00) on shares of Moelis & Company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.