Moelis & Company (NYSE:MC) Director Kenneth Shropshire Sells 495 Shares

Moelis & Company (NYSE:MC) Director Kenneth Shropshire sold 495 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total transaction of $34,298.55. Following the completion of the sale, the director now directly owns 9,372 shares in the company, valued at approximately $649,385.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Moelis & Company Price Performance

MC traded down $2.02 during trading on Friday, reaching $62.23. 1,003,792 shares of the company’s stock were exchanged, compared to its average volume of 623,307. Moelis & Company has a 1 year low of $38.58 and a 1 year high of $70.00. The stock has a market capitalization of $4.65 billion, a P/E ratio of -338.16 and a beta of 1.34. The company’s fifty day simple moving average is $58.43 and its 200-day simple moving average is $55.76.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. The business had revenue of $264.59 million for the quarter, compared to analysts’ expectations of $227.90 million. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. The business’s revenue was up 47.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.04) EPS. Equities analysts forecast that Moelis & Company will post 1.08 EPS for the current year.

Moelis & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.86%. Moelis & Company’s payout ratio is -1,263.16%.

Institutional Investors Weigh In On Moelis & Company

A number of institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its stake in Moelis & Company by 63.5% in the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 193 shares during the period. O ROURKE & COMPANY Inc grew its stake in Moelis & Company by 4.1% in the 4th quarter. O ROURKE & COMPANY Inc now owns 5,644 shares of the asset manager’s stock valued at $317,000 after acquiring an additional 221 shares during the period. Peak Financial Advisors LLC grew its stake in Moelis & Company by 2.9% in the 1st quarter. Peak Financial Advisors LLC now owns 8,715 shares of the asset manager’s stock valued at $495,000 after acquiring an additional 245 shares during the period. Assetmark Inc. grew its stake in Moelis & Company by 22.5% in the 4th quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock valued at $84,000 after acquiring an additional 276 shares during the period. Finally, Naples Global Advisors LLC grew its stake in Moelis & Company by 3.3% in the 2nd quarter. Naples Global Advisors LLC now owns 10,171 shares of the asset manager’s stock valued at $578,000 after acquiring an additional 325 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

Analyst Upgrades and Downgrades

MC has been the topic of several recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 target price (up from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th. UBS Group raised their price target on shares of Moelis & Company from $47.00 to $50.00 and gave the company a “sell” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. raised their price target on shares of Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, Morgan Stanley increased their price objective on shares of Moelis & Company from $51.00 to $61.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.00.

Moelis & Company 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.