Royce & Associates LP Has $11.25 Million Stock Holdings in Moelis & Company $MC

Royce & Associates LP lifted its holdings in Moelis & Company (NYSE:MC) by 46.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 163,661 shares of the asset manager’s stock after acquiring an additional 51,650 shares during the quarter. Royce & Associates LP’s holdings in Moelis & Company were worth $11,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MC. The Manufacturers Life Insurance Company boosted its position in shares of Moelis & Company by 1,161.8% in the second quarter. The Manufacturers Life Insurance Company now owns 661,594 shares of the asset manager’s stock worth $41,231,000 after buying an additional 609,162 shares during the period. Wasatch Advisors LP boosted its position in shares of Moelis & Company by 16.1% in the third quarter. Wasatch Advisors LP now owns 3,304,180 shares of the asset manager’s stock worth $235,654,000 after buying an additional 458,575 shares during the period. UBS Group AG boosted its position in shares of Moelis & Company by 50.0% in the third quarter. UBS Group AG now owns 681,668 shares of the asset manager’s stock worth $48,617,000 after buying an additional 227,232 shares during the period. HighTower Advisors LLC boosted its position in shares of Moelis & Company by 18.5% in the third quarter. HighTower Advisors LLC now owns 1,256,324 shares of the asset manager’s stock worth $89,601,000 after buying an additional 196,030 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Moelis & Company by 714.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 182,147 shares of the asset manager’s stock worth $12,521,000 after buying an additional 159,779 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MC shares. JPMorgan Chase & Co. raised their target price on Moelis & Company from $80.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Keefe, Bruyette & Woods decreased their target price on Moelis & Company from $80.00 to $64.00 and set a “market perform” rating for the company in a research report on Wednesday, April 8th. Wall Street Zen cut Moelis & Company from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Morgan Stanley decreased their target price on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Moelis & Company in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.89.

Moelis & Company Trading Down 0.4%

MC opened at $65.90 on Thursday. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 0.79 and a beta of 1.87. Moelis & Company has a 1 year low of $51.06 and a 1 year high of $78.22. The stock has a fifty day moving average price of $62.24 and a 200 day moving average price of $65.40.

Moelis & Company (NYSE:MC) last released its quarterly earnings data 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 firm had revenue of $319.78 million for the quarter, compared to analyst estimates of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. Moelis & Company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. As a group, sell-side analysts forecast that Moelis & Company will post 3.17 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, May 11th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a yield of 3.9%. Moelis & Company’s dividend payout ratio (DPR) is presently 93.53%.

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. 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.