Moelis & Company (NYSE:MC) Given Consensus Rating of “Reduce” by Brokerages

Moelis & Company (NYSE:MC) has earned an average rating of “Reduce” from the six ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $50.80.

A number of analysts have commented on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $56.00 price objective on shares of Moelis & Company in a research report on Monday, January 29th. StockNews.com upgraded Moelis & Company from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. raised their price objective on Moelis & Company from $46.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th. Finally, UBS Group reduced their price objective on Moelis & Company from $46.00 to $45.00 and set a “sell” rating for the company in a research report on Tuesday, March 26th.

Moelis & Company Stock Up 1.3 %

MC opened at $51.65 on Friday. The firm has a market capitalization of $3.68 billion, a P/E ratio of -143.47 and a beta of 1.35. The stock’s 50 day moving average price is $54.40 and its two-hundred day moving average price is $51.20. Moelis & Company has a 12-month low of $33.87 and a 12-month high of $58.67.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, February 7th. The asset manager reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05. The firm had revenue of $214.90 million for the quarter, compared to analyst estimates of $197.98 million. Moelis & Company had a negative return on equity of 3.82% and a negative net margin of 2.89%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. As a group, analysts anticipate that Moelis & Company will post 1.5 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, February 20th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.40 annualized dividend and a dividend yield of 4.65%. Moelis & Company’s dividend payout ratio (DPR) is presently -666.67%.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, CEO Kenneth Moelis sold 128,277 shares of Moelis & Company stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total value of $6,747,370.20. Following the completion of the transaction, the chief executive officer now owns 161,810 shares in the company, valued at approximately $8,511,206. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Moelis & Company news, CEO Kenneth Moelis sold 128,277 shares of Moelis & Company stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total value of $6,747,370.20. Following the completion of the transaction, the chief executive officer now owns 161,810 shares in the company, valued at approximately $8,511,206. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher Callesano sold 1,040 shares of Moelis & Company 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 disclosure for this sale can be found here. In the last quarter, insiders sold 375,185 shares of company stock worth $20,130,225. 6.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Moelis & Company

Several hedge funds and other institutional investors have recently made changes to their positions in MC. First Capital Advisors Group LLC. acquired a new stake in shares of Moelis & Company in the 2nd quarter valued at $26,000. Mendota Financial Group LLC acquired a new stake in shares of Moelis & Company in the 4th quarter valued at $34,000. GAMMA Investing LLC acquired a new stake in shares of Moelis & Company in the 4th quarter valued at $34,000. Hexagon Capital Partners LLC increased its stake in shares of Moelis & Company by 147.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock valued at $37,000 after buying an additional 392 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Moelis & Company by 380.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,378 shares of the asset manager’s stock valued at $53,000 after buying an additional 1,091 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.

About Moelis & Company

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.