Squarepoint Ops LLC Buys 29,185 Shares of Moelis & Company $MC

Squarepoint Ops LLC grew its stake in Moelis & Company (NYSE:MC) by 251.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,808 shares of the asset manager’s stock after buying an additional 29,185 shares during the period. Squarepoint Ops LLC owned 0.05% of Moelis & Company worth $2,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in Moelis & Company by 89.5% in the second quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 282 shares during the last quarter. Canton Hathaway LLC acquired a new position in shares of Moelis & Company in the 2nd quarter worth approximately $51,000. eCIO Inc. bought a new stake in shares of Moelis & Company in the 1st quarter valued at $50,000. Neo Ivy Capital Management bought a new stake in shares of Moelis & Company in the 2nd quarter valued at $75,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Moelis & Company by 73.8% during the second quarter. Smartleaf Asset Management LLC now owns 1,602 shares of the asset manager’s stock worth $101,000 after buying an additional 680 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MC shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Moelis & Company in a report on Thursday, October 9th. They issued a “buy” rating and a $80.00 target price on the stock. Keefe, Bruyette & Woods lowered Moelis & Company from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $78.00 to $80.00 in a research report on Tuesday. Seaport Res Ptn raised Moelis & Company from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Moelis & Company in a research report on Monday. Finally, UBS Group initiated coverage on Moelis & Company in a research note on Thursday, December 11th. They set a “neutral” rating and a $70.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Moelis & Company currently has a consensus rating of “Hold” and a consensus price target of $71.63.

Moelis & Company Price Performance

MC stock opened at $69.23 on Thursday. The stock has a market capitalization of $5.42 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 0.73 and a beta of 1.90. The company’s 50-day moving average is $65.90 and its 200-day moving average is $67.40. Moelis & Company has a 1 year low of $47.00 and a 1 year high of $82.89.

Moelis & Company (NYSE:MC) last issued its earnings results on Wednesday, October 29th. The asset manager reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Moelis & Company had a return on equity of 45.62% and a net margin of 15.98%.The business had revenue of $356.89 million during the quarter, compared to analyst estimates of $336.14 million. During the same period in the previous year, the company posted $0.22 EPS. The firm’s revenue was up 30.4% compared to the same quarter last year. On average, analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 10th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, November 10th. Moelis & Company’s dividend payout ratio is presently 86.96%.

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.