Capital Investment Advisory Services LLC Has $378,000 Holdings in Moelis & Company (NYSE:MC)

Capital Investment Advisory Services LLC raised its holdings in Moelis & Company (NYSE:MC) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,728 shares of the asset manager’s stock after buying an additional 705 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Moelis & Company were worth $378,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mendota Financial Group LLC acquired a new position in shares of Moelis & Company during the fourth quarter worth approximately $34,000. Neo Ivy Capital Management acquired a new position in shares of Moelis & Company during the third quarter worth approximately $99,000. International Assets Investment Management LLC raised its position in shares of Moelis & Company by 890.4% during the fourth quarter. International Assets Investment Management LLC now owns 3,199 shares of the asset manager’s stock worth $180,000 after purchasing an additional 2,876 shares during the period. Strs Ohio raised its position in shares of Moelis & Company by 28.6% during the third quarter. Strs Ohio now owns 3,600 shares of the asset manager’s stock worth $162,000 after purchasing an additional 800 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Moelis & Company during the third quarter worth approximately $174,000. 91.53% of the stock is owned by institutional investors and hedge funds.

Moelis & Company Price Performance

NYSE MC opened at $54.60 on Wednesday. The business has a fifty day simple moving average of $54.32 and a 200 day simple moving average of $51.49. 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 quarterly earnings results on Wednesday, February 7th. The asset manager reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05. The business had revenue of $214.90 million during 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%. Moelis & Company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. On average, analysts anticipate that Moelis & Company will post 1.47 earnings per share for the current year.

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, February 20th were paid a $0.60 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.40 dividend on an annualized basis and a yield of 4.40%. Moelis & Company’s dividend payout ratio (DPR) is presently -666.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $56.00 target price on shares of Moelis & Company in a research report on Monday, January 29th. JPMorgan Chase & Co. upped their target price on Moelis & Company from $46.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. The Goldman Sachs Group raised Moelis & Company from a “sell” rating to a “neutral” rating and increased their price target for the company from $53.00 to $58.00 in a research report on Wednesday, March 13th. Finally, UBS Group lowered their price target 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. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.80.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, CEO Kenneth Moelis sold 128,277 shares of the company’s 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other Moelis & Company news, insider Navid Mahmoodzadegan sold 50,772 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $54.11, for a total value of $2,747,272.92. Following the completion of the transaction, the insider now owns 64,463 shares in the company, valued at approximately $3,488,092.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kenneth Moelis sold 128,277 shares of the 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 transaction, the chief executive officer now owns 161,810 shares of the company’s stock, valued at approximately $8,511,206. The disclosure for this sale can be found here. Insiders sold 375,185 shares of company stock worth $20,130,225 in the last quarter. 6.96% of the stock is currently owned by company insiders.

Moelis & 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.