New Age Alpha Advisors LLC Buys 59,105 Shares of Moelis & Company $MC

New Age Alpha Advisors LLC grew its stake in Moelis & Company (NYSE:MC) by 3,278.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,908 shares of the asset manager’s stock after acquiring an additional 59,105 shares during the period. New Age Alpha Advisors LLC’s holdings in Moelis & Company were worth $4,187,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MC. V Square Quantitative Management LLC bought a new position in shares of Moelis & Company in the 4th quarter valued at about $27,000. Bessemer Group Inc. grew its holdings in shares of Moelis & Company by 89.8% in the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 184 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Moelis & Company by 64.4% in the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 163 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Moelis & Company by 153.9% in the 3rd quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 254 shares in the last quarter. Finally, eCIO Inc. bought a new position in shares of Moelis & Company in the 4th quarter valued at about $33,000. Institutional investors own 91.53% of the company’s stock.

Moelis & Company Stock Performance

Moelis & Company stock opened at $65.92 on Tuesday. Moelis & Company has a 52 week low of $51.06 and a 52 week high of $78.22. The stock has a market capitalization of $5.18 billion, a P/E ratio of 23.71, a PEG ratio of 0.79 and a beta of 1.87. The stock has a 50-day simple moving average of $61.67 and a 200 day simple moving average of $65.36.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Wednesday, April 29th. The asset manager reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The business had revenue of $319.78 million for the quarter, compared to the consensus estimate of $321.51 million. During the same quarter in the previous year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Research analysts forecast that Moelis & Company will post 3.17 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, May 11th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, May 11th. This represents a $2.60 annualized dividend and a yield of 3.9%. Moelis & Company’s dividend payout ratio (DPR) is 93.53%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MC. Keefe, Bruyette & Woods decreased their price objective on Moelis & Company from $80.00 to $64.00 and set a “market perform” rating for the company in a report on Wednesday, April 8th. The Goldman Sachs Group reduced their price target on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Morgan Stanley reduced their price target on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. JPMorgan Chase & Co. lifted their price target on Moelis & Company from $80.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, Zacks Research cut Moelis & Company from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.89.

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.