40,967 Shares in Moelis & Company $MC Purchased by Roubaix Capital LLC

Roubaix Capital LLC acquired a new position in shares of Moelis & Company (NYSE:MC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,967 shares of the asset manager’s stock, valued at approximately $2,335,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Root Financial Partners LLC increased its holdings in shares of Moelis & Company by 292.2% in the 1st quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 339 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Moelis & Company in the fourth quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its holdings in shares of Moelis & Company by 64.4% during the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after purchasing an additional 163 shares during the period. Allworth Financial LP boosted its holdings in shares of Moelis & Company by 153.9% during the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock worth $30,000 after purchasing an additional 254 shares during the period. Finally, eCIO Inc. acquired a new stake in shares of Moelis & Company during the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Moelis & Company Price Performance

MC opened at $67.45 on Friday. The company has a market capitalization of $5.30 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 0.86 and a beta of 1.85. Moelis & Company has a fifty-two week low of $51.06 and a fifty-two week high of $78.22. The business has a 50-day moving average of $66.68 and a 200-day moving average of $65.69.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, April 29th. The asset manager reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The firm had revenue of $319.78 million during the quarter, compared to the consensus estimate of $321.51 million. During the same period in the previous year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts expect that Moelis & Company will post 3.14 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, May 11th were paid a $0.65 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a yield of 3.9%. Moelis & Company’s payout ratio is 93.53%.

Analysts Set New Price Targets

MC has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Keefe, Bruyette & Woods decreased their target price on shares of Moelis & Company from $69.00 to $66.00 and set a “market perform” rating for the company in a research note on Friday, July 10th. Zacks Research raised shares of Moelis & Company from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. UBS Group restated a “sell” rating and set a $60.00 price target (up from $58.00) on shares of Moelis & Company in a report on Wednesday, July 8th. Finally, Wall Street Zen downgraded shares of Moelis & Company from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Moelis & Company has a consensus rating of “Hold” and an average price target of $73.38.

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.