Insider Selling: Moelis & Company (NYSE:MC) Director Sells $129,901.86 in Stock

Moelis & Company (NYSE:MC) Director Kenneth Shropshire sold 1,881 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $69.06, for a total transaction of $129,901.86. Following the transaction, the director owned 7,633 shares in the company, valued at approximately $527,134.98. This trade represents a 19.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Moelis & Company Stock Up 1.2%

Shares of NYSE:MC opened at $67.53 on Thursday. The firm has a market cap of $5.29 billion, a P/E ratio of 23.53, a P/E/G ratio of 0.87 and a beta of 1.84. Moelis & Company has a 12 month low of $51.06 and a 12 month high of $78.22. The company’s 50-day moving average price is $67.20 and its two-hundred day moving average price is $64.34.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, July 29th. The asset manager reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Moelis & Company had a net margin of 14.50% and a return on equity of 39.59%. The business had revenue of $409.39 million during the quarter, compared to analyst estimates of $387.27 million. During the same quarter last year, the business posted $0.53 earnings per share. Moelis & Company’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities analysts predict that Moelis & Company will post 3.09 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 10th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, August 10th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.9%. Moelis & Company’s payout ratio is presently 90.59%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MC shares. Keefe, Bruyette & Woods reduced their target price on shares of Moelis & Company from $69.00 to $66.00 and set a “market perform” rating on the stock 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Moelis & Company in a research report on Friday, August 21st. Wall Street Zen upgraded Moelis & Company from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, UBS Group restated a “sell” rating and issued a $60.00 price target (up from $58.00) on shares of Moelis & Company in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Moelis & Company currently has a consensus rating of “Hold” and a consensus price target of $73.62.

Hedge Funds Weigh In On Moelis & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in MC. GAMMA Investing LLC increased its position in shares of Moelis & Company by 11.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,489 shares of the asset manager’s stock valued at $97,000 after buying an additional 153 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Moelis & Company by 64.4% in the fourth 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 during the period. Wesbanco Bank Inc. grew its stake in Moelis & Company by 2.1% in the fourth quarter. Wesbanco Bank Inc. now owns 8,889 shares of the asset manager’s stock valued at $611,000 after acquiring an additional 180 shares during the period. GW Henssler & Associates Ltd. increased its holdings in shares of Moelis & Company by 5.6% in the fourth quarter. GW Henssler & Associates Ltd. now owns 3,433 shares of the asset manager’s stock worth $236,000 after acquiring an additional 181 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Moelis & Company by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,955 shares of the asset manager’s stock worth $1,165,000 after acquiring an additional 200 shares in the last quarter. 91.53% of the stock is owned by institutional investors.

Moelis & Company 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.