Kenneth Moelis Sells 12,310 Shares of Moelis & Company (NYSE:MC) Stock

Moelis & Company (NYSE:MCGet Rating) CEO Kenneth Moelis sold 12,310 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $46.03, for a total value of $566,629.30. Following the completion of the sale, the chief executive officer now owns 181,113 shares of the company’s stock, valued at $8,336,631.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kenneth Moelis also recently made the following trade(s):

  • On Wednesday, November 16th, Kenneth Moelis sold 10,253 shares of Moelis & Company stock. The stock was sold at an average price of $45.55, for a total transaction of $467,024.15.
  • On Monday, November 14th, Kenneth Moelis sold 82,921 shares of Moelis & Company stock. The stock was sold at an average price of $46.01, for a total transaction of $3,815,195.21.

Moelis & Company Trading Down 0.7 %

NYSE:MC traded down $0.33 during mid-day trading on Wednesday, hitting $45.10. The company’s stock had a trading volume of 277,497 shares, compared to its average volume of 525,856. The stock has a fifty day moving average of $42.11 and a 200-day moving average of $41.52. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 13.85 and a beta of 1.39. Moelis & Company has a fifty-two week low of $33.12 and a fifty-two week high of $58.59.

Moelis & Company (NYSE:MCGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The asset manager reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $233.51 million for the quarter, compared to analyst estimates of $208.42 million. Moelis & Company had a return on equity of 55.92% and a net margin of 19.06%. On average, equities analysts anticipate that Moelis & Company will post 2.26 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Monday, November 14th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $2.40 annualized dividend and a yield of 5.32%. Moelis & Company’s dividend payout ratio is 73.17%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Wipfli Financial Advisors LLC acquired a new position in Moelis & Company during the 3rd quarter worth $29,000. Exchange Traded Concepts LLC lifted its stake in shares of Moelis & Company by 35.4% during the third quarter. Exchange Traded Concepts LLC now owns 1,090 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 285 shares during the period. Wolff Wiese Magana LLC boosted its holdings in Moelis & Company by 43.0% in the third quarter. Wolff Wiese Magana LLC now owns 1,157 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 348 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in Moelis & Company in the second quarter worth about $40,000. Finally, FourThought Financial LLC raised its holdings in Moelis & Company by 74.5% during the 3rd quarter. FourThought Financial LLC now owns 1,251 shares of the asset manager’s stock worth $42,000 after purchasing an additional 534 shares during the last quarter. Institutional investors own 90.35% of the company’s stock.

Analyst Ratings Changes

MC has been the topic of several research analyst reports. The Goldman Sachs Group downgraded Moelis & Company from a “neutral” rating to a “sell” rating and lowered their price target for the company from $40.00 to $37.00 in a research report on Wednesday, January 11th. Keefe, Bruyette & Woods lowered Moelis & Company from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $40.00 to $37.00 in a report on Thursday, November 3rd. JPMorgan Chase & Co. cut their price target on Moelis & Company from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, November 3rd. UBS Group lowered their price objective on shares of Moelis & Company from $32.00 to $30.00 and set a “sell” rating on the stock in a research note on Monday, January 9th. Finally, StockNews.com started coverage on shares of Moelis & Company in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $38.14.

About Moelis & Company

(Get Rating)

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. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds.

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