GAMMA Investing LLC Invests $34,000 in Moelis & Company (NYSE:MC)

GAMMA Investing LLC bought a new stake in Moelis & Company (NYSE:MC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 619 shares of the asset manager’s stock, valued at approximately $34,000.

A number of other large investors have also modified their holdings of MC. Capital Investment Advisory Services LLC lifted its holdings in Moelis & Company by 11.7% during the 4th quarter. Capital Investment Advisory Services LLC now owns 6,728 shares of the asset manager’s stock worth $378,000 after buying an additional 705 shares during the last quarter. Strata Wealth Advisors LLC acquired a new stake in Moelis & Company during the fourth quarter valued at approximately $2,922,000. Verdence Capital Advisors LLC lifted its position in shares of Moelis & Company by 1.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 33,054 shares of the asset manager’s stock valued at $1,855,000 after acquiring an additional 340 shares during the last quarter. Cornerstone Investment Partners LLC boosted its position in shares of Moelis & Company by 3.8% in the 4th quarter. Cornerstone Investment Partners LLC now owns 46,245 shares of the asset manager’s stock valued at $2,596,000 after purchasing an additional 1,675 shares during the period. Finally, Xponance Inc. acquired a new position in shares of Moelis & Company in the fourth quarter worth about $228,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

Analysts Set New Price Targets

MC has been the subject of several recent analyst reports. UBS Group raised their target price on Moelis & Company from $45.00 to $47.00 and gave the stock a “sell” rating in a research report on Thursday, April 25th. The Goldman Sachs Group upgraded Moelis & Company from a “sell” rating to a “neutral” rating and raised their target price for the company from $53.00 to $58.00 in a report on Wednesday, March 13th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $54.00 price objective (down previously from $58.00) on shares of Moelis & Company in a research report on Thursday, April 25th. JPMorgan Chase & Co. increased their target price on shares of Moelis & Company from $46.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, StockNews.com upgraded shares of Moelis & Company from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.80.

Moelis & Company Stock Down 0.5 %

Shares of MC stock opened at $51.58 on Monday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of -271.47 and a beta of 1.39. Moelis & Company has a 12 month low of $33.87 and a 12 month high of $58.67. The stock has a 50-day moving average price of $53.62 and a 200 day moving average price of $51.88.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.12%. The company had revenue of $217.49 million during the quarter, compared to analysts’ expectations of $219.30 million. During the same quarter in the previous year, the company earned $0.05 EPS. Moelis & Company’s revenue was up 17.4% on a year-over-year basis. Sell-side analysts predict that Moelis & Company will post 1.3 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 6th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Friday, May 3rd. Moelis & Company’s dividend payout ratio (DPR) is currently -1,263.16%.

Insider Transactions at Moelis & Company

In related news, CEO Kenneth Moelis sold 75,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $54.11, for a total value of $4,058,250.00. Following the completion of the sale, the chief executive officer now owns 86,441 shares in the company, valued at $4,677,322.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Christopher Callesano sold 1,040 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.59, for a total value of $55,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kenneth Moelis sold 75,000 shares of Moelis & Company stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $54.11, for a total value of $4,058,250.00. Following the transaction, the chief executive officer now owns 86,441 shares in the company, valued at $4,677,322.51. The disclosure for this sale can be found here. Insiders have sold 375,185 shares of company stock worth $20,130,225 in the last three months. Insiders own 6.96% of the company’s stock.

Moelis & Company Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.