BW Gestao de Investimentos Ltda. Purchases New Shares in Moelis & Company $MC

BW Gestao de Investimentos Ltda. purchased a new stake in Moelis & Company (NYSE:MC) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 64,000 shares of the asset manager’s stock, valued at approximately $4,399,000.

A number of other institutional investors have also recently added to or reduced their stakes in MC. V Square Quantitative Management LLC acquired a new stake in Moelis & Company in the 4th quarter valued at $27,000. Bessemer Group Inc. boosted its stake in Moelis & Company by 89.8% during the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock worth $28,000 after purchasing an additional 184 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Moelis & Company by 64.4% during the 4th 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 last quarter. Allworth Financial LP boosted its stake in Moelis & Company by 153.9% during the 3rd 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 last quarter. Finally, eCIO Inc. acquired a new stake in Moelis & Company during the 4th quarter worth $33,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Trading Up 0.2%

Shares of MC opened at $69.34 on Wednesday. The firm has a market cap of $5.45 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 0.83 and a beta of 1.85. The company’s 50-day moving average price is $63.10 and its 200 day moving average price is $65.48. Moelis & Company has a 12-month low of $51.06 and a 12-month high of $78.22.

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

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a yield of 3.7%. Moelis & Company’s dividend payout ratio is 93.53%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MC shares. The Goldman Sachs Group lowered their price target on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. boosted their price target on shares of Moelis & Company from $80.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Morgan Stanley lowered their price target on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Zacks Research cut shares of Moelis & Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen cut shares of Moelis & Company from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $71.89.

About Moelis & Company

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.