Mondrian Investment Partners LTD acquired a new stake in shares of Moelis & Co (NYSE:MC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 161,198 shares of the asset manager’s stock, valued at approximately $5,295,000. Mondrian Investment Partners LTD owned 0.27% of Moelis & Co as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Massey Quick Simon & CO. LLC acquired a new stake in shares of Moelis & Co in the third quarter valued at $41,000. Shine Investment Advisory Services Inc. acquired a new stake in shares of Moelis & Co in the second quarter valued at $66,000. Macquarie Group Ltd. acquired a new stake in shares of Moelis & Co in the second quarter valued at $136,000. Bank of Montreal Can acquired a new stake in shares of Moelis & Co in the second quarter valued at $138,000. Finally, HM Payson & Co. acquired a new stake in shares of Moelis & Co in the second quarter valued at $180,000. 73.86% of the stock is owned by institutional investors.
In other news, insider Christopher Callesano sold 4,797 shares of Moelis & Co stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $36.10, for a total transaction of $173,171.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Raich sold 87,293 shares of Moelis & Co stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $34.34, for a total value of $2,997,641.62. Following the transaction, the insider now owns 87,293 shares in the company, valued at approximately $2,997,641.62. The disclosure for this sale can be found here. Insiders have sold a total of 125,394 shares of company stock valued at $4,317,821 over the last 90 days. Corporate insiders own 19.67% of the company’s stock.
MC stock remained flat at $$35.16 during midday trading on Friday. The company had a trading volume of 331,983 shares, compared to its average volume of 521,737. The business’s fifty day moving average price is $32.53 and its two-hundred day moving average price is $34.02. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.72 and a beta of 2.00. Moelis & Co has a 1 year low of $29.56 and a 1 year high of $48.69.
Moelis & Co (NYSE:MC) last posted its earnings results on Wednesday, October 30th. The asset manager reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.19. The company had revenue of $231.70 million during the quarter, compared to analyst estimates of $198.15 million. Moelis & Co had a return on equity of 47.82% and a net margin of 16.14%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS. Equities analysts anticipate that Moelis & Co will post 2.33 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, November 7th. This represents a $2.00 annualized dividend and a dividend yield of 5.69%. Moelis & Co’s payout ratio is currently 66.67%.
A number of analysts have recently weighed in on the company. Buckingham Research lowered their target price on Moelis & Co from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $39.00 target price (down from $42.00) on shares of Moelis & Co in a research note on Wednesday, July 31st. ValuEngine upgraded Moelis & Co from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley lowered their target price on Moelis & Co from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 8th. Finally, Zacks Investment Research upgraded Moelis & Co from a “sell” rating to a “hold” rating and set a $39.00 target price for the company in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $41.83.
Moelis & Co Company Profile
Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.
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