EAM Investors LLC Lowers Position in Moelis & Company (MC)
EAM Investors LLC lessened its holdings in Moelis & Company (NYSE:MC) by 23.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,768 shares of the asset manager’s stock after selling 16,810 shares during the quarter. EAM Investors LLC owned 0.10% of Moelis & worth $2,401,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. AGF Investments Inc. purchased a new stake in shares of Moelis & during the 2nd quarter worth approximately $21,907,000. American Century Companies Inc. boosted its stake in shares of Moelis & by 636.3% during the 3rd quarter. American Century Companies Inc. now owns 564,299 shares of the asset manager’s stock worth $24,293,000 after acquiring an additional 487,660 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Moelis & by 31.1% during the 1st quarter. Vanguard Group Inc. now owns 1,920,061 shares of the asset manager’s stock worth $73,923,000 after acquiring an additional 455,098 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Moelis & by 76.7% during the 2nd quarter. Principal Financial Group Inc. now owns 492,290 shares of the asset manager’s stock worth $19,125,000 after acquiring an additional 213,740 shares in the last quarter. Finally, Winslow Asset Management Inc. purchased a new stake in shares of Moelis & during the 2nd quarter worth approximately $7,795,000. 90.80% of the stock is currently owned by institutional investors.
Shares of Moelis & Company (MC) remained flat at $$46.90 during trading on Thursday. The company had a trading volume of 332,400 shares, compared to its average volume of 341,176. Moelis & Company has a 52 week low of $28.20 and a 52 week high of $47.15. The stock has a market capitalization of $2,499.40, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.96 and a beta of 1.87.
Moelis & (NYSE:MC) last issued its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.15. The firm had revenue of $170.00 million during the quarter, compared to the consensus estimate of $168.51 million. Moelis & had a return on equity of 52.76% and a net margin of 9.62%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. equities research analysts anticipate that Moelis & Company will post 2.42 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.48 annualized dividend and a yield of 3.16%. Moelis &’s dividend payout ratio (DPR) is presently 70.81%.
In other Moelis & news, CEO Kenneth Moelis sold 9,500 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $42.41, for a total value of $402,895.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 80,956 shares of company stock valued at $3,451,515 over the last quarter. 52.64% of the stock is currently owned by insiders.
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Several equities research analysts have recently commented on MC shares. Morgan Stanley boosted their price target on Moelis & from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. JMP Securities boosted their price target on Moelis & from $44.00 to $47.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Moelis & from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. UBS Group AG boosted their price target on Moelis & from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, BidaskClub downgraded Moelis & from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $44.29.
Moelis & Profile
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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