BW Gestao de Investimentos Ltda. Invests $4.40 Million in Moelis & Company $MC

BW Gestao de Investimentos Ltda. purchased a new position in Moelis & Company (NYSE:MC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 64,000 shares of the asset manager’s stock, valued at approximately $4,399,000. BW Gestao de Investimentos Ltda. owned 0.08% of Moelis & Company as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MC. V Square Quantitative Management LLC bought a new position in shares of Moelis & Company in the fourth quarter worth approximately $27,000. Bessemer Group Inc. increased its holdings in Moelis & Company by 89.8% in the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 184 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Moelis & Company by 64.4% in the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 163 shares during the last quarter. Allworth Financial LP increased its holdings in Moelis & Company by 153.9% in the 3rd quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 254 shares during the last quarter. Finally, eCIO Inc. bought a new stake in Moelis & Company in the 4th quarter valued at $33,000. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Price Performance

Shares of Moelis & Company stock opened at $69.34 on Wednesday. Moelis & Company has a 1 year low of $51.06 and a 1 year high of $78.22. The firm’s 50-day moving average is $63.10 and its two-hundred day moving average is $65.48. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 0.83 and a beta of 1.85.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, April 29th. The asset manager reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The firm had revenue of $319.78 million during the quarter, compared to the consensus estimate of $321.51 million. During the same quarter in the prior year, the business posted $0.64 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts expect that Moelis & Company will post 3.17 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business 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 $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, May 11th. Moelis & Company’s dividend payout ratio (DPR) is presently 93.53%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MC. Morgan Stanley reduced their target price on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings downgraded shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods reduced their target price on shares of Moelis & Company from $80.00 to $64.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 8th. The Goldman Sachs Group reduced their target price on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Finally, Wall Street Zen downgraded shares of Moelis & Company from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.89.

Moelis & 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.