Moelis & Company (NYSE:MC) Stock Position Lifted by Walleye Capital LLC

Walleye Capital LLC grew its position in Moelis & Company (NYSE:MC) by 4,112.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,343 shares of the asset manager’s stock after acquiring an additional 34,504 shares during the quarter. Walleye Capital LLC’s holdings in Moelis & Company were worth $2,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MC. CIBC Private Wealth Group LLC boosted its stake in Moelis & Company by 52.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 137 shares during the period. Headlands Technologies LLC bought a new stake in shares of Moelis & Company in the 4th quarter worth approximately $31,000. R Squared Ltd acquired a new position in Moelis & Company during the 4th quarter valued at approximately $47,000. Jones Financial Companies Lllp grew its stake in Moelis & Company by 148.3% during the 4th quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager’s stock worth $61,000 after buying an additional 491 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in Moelis & Company in the fourth quarter worth $61,000. 91.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Moelis & Company news, insider Christopher Callesano sold 1,282 shares of Moelis & Company stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total value of $94,868.00. Following the transaction, the insider now owns 1,227 shares in the company, valued at approximately $90,798. The trade was a 51.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth Shropshire sold 2,551 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $72.30, for a total value of $184,437.30. Following the sale, the director now directly owns 6,940 shares in the company, valued at $501,762. This trade represents a 26.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,721 shares of company stock worth $1,677,017. 6.40% of the stock is owned by corporate insiders.

Moelis & Company Trading Up 1.8 %

Shares of NYSE:MC opened at $51.68 on Friday. The company has a 50 day moving average of $62.02 and a 200-day moving average of $69.65. The firm has a market cap of $3.87 billion, a P/E ratio of 29.37 and a beta of 1.53. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $82.89.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. Equities research analysts forecast that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 18th were issued a dividend of $0.65 per share. This is a positive change from Moelis & Company’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date was Tuesday, February 18th. Moelis & Company’s payout ratio is presently 147.73%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MC. Wells Fargo & Company reduced their price target on shares of Moelis & Company from $63.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 target price (up from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their price target on shares of Moelis & Company from $86.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research report on Thursday, February 6th. Finally, Morgan Stanley decreased their price objective on Moelis & Company from $70.00 to $42.00 and set an “underweight” rating for the company in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $62.50.

About Moelis & Company

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.