Tributary Capital Management LLC Has $25.86 Million Holdings in Moelis & Company $MC

Tributary Capital Management LLC decreased its holdings in Moelis & Company (NYSE:MCFree Report) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 414,964 shares of the asset manager’s stock after selling 10,818 shares during the quarter. Moelis & Company makes up about 2.3% of Tributary Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Tributary Capital Management LLC’s holdings in Moelis & Company were worth $25,861,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Moelis & Company by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 8,305,688 shares of the asset manager’s stock valued at $484,720,000 after purchasing an additional 158,373 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Moelis & Company by 214.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,942,299 shares of the asset manager’s stock valued at $171,713,000 after purchasing an additional 2,006,747 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Moelis & Company by 32.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,356,893 shares of the asset manager’s stock valued at $137,548,000 after purchasing an additional 579,529 shares during the last quarter. Ameriprise Financial Inc. raised its position in Moelis & Company by 4.4% in the 1st quarter. Ameriprise Financial Inc. now owns 2,260,345 shares of the asset manager’s stock valued at $131,914,000 after purchasing an additional 95,114 shares during the last quarter. Finally, Madison Asset Management LLC raised its position in Moelis & Company by 8.5% in the 1st quarter. Madison Asset Management LLC now owns 1,264,200 shares of the asset manager’s stock valued at $73,779,000 after purchasing an additional 99,313 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

Insiders Place Their Bets

In related news, Director Kenneth Shropshire sold 2,615 shares of Moelis & Company stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $72.52, for a total transaction of $189,639.80. Following the completion of the sale, the director directly owned 7,109 shares of the company’s stock, valued at $515,544.68. The trade was a 26.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Osamu R. Watanabe sold 6,340 shares of the business’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $72.64, for a total value of $460,537.60. Following the completion of the transaction, the general counsel directly owned 131 shares of the company’s stock, valued at approximately $9,515.84. The trade was a 97.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is owned by insiders.

Moelis & Company Stock Down 0.4%

Shares of Moelis & Company stock opened at $68.73 on Thursday. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $82.89. The business has a fifty day simple moving average of $71.15 and a 200 day simple moving average of $64.21. The stock has a market cap of $5.40 billion, a PE ratio of 27.06 and a beta of 1.77.

Moelis & Company (NYSE:MCGet Free Report) last announced its quarterly earnings data on Thursday, July 24th. The asset manager reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.21. Moelis & Company had a return on equity of 42.72% and a net margin of 14.31%.The business had revenue of $365.38 million during the quarter, compared to analysts’ expectations of $269.57 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was up 38.1% compared to the same quarter last year. Analysts expect that Moelis & Company will post 2.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MC shares. BMO Capital Markets started coverage on Moelis & Company in a research report on Friday, October 3rd. They issued a “market perform” rating and a $74.00 price objective for the company. Zacks Research cut Moelis & Company from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Moelis & Company in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft started coverage on Moelis & Company in a research note on Thursday, October 9th. They issued a “buy” rating and a $80.00 target price for the company. Finally, Keefe, Bruyette & Woods lowered their target price on Moelis & Company from $89.00 to $80.00 and set a “moderate buy” rating for the company in a research note on Monday, October 13th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Moelis & Company currently has a consensus rating of “Hold” and an average target price of $71.86.

View Our Latest Stock Report on MC

Moelis & Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Moelis & Company (NYSE:MC)

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