Seaport Res Ptn Analysts Decrease Earnings Estimates for Moelis & Company (NYSE:MC)

Moelis & Company (NYSE:MC) – Investment analysts at Seaport Res Ptn decreased their Q3 2024 earnings per share estimates for Moelis & Company in a report issued on Wednesday, July 10th. Seaport Res Ptn analyst J. Mitchell now forecasts that the asset manager will earn $0.15 per share for the quarter, down from their previous estimate of $0.25. The consensus estimate for Moelis & Company’s current full-year earnings is $1.29 per share. Seaport Res Ptn also issued estimates for Moelis & Company’s Q4 2024 earnings at $0.42 EPS, FY2024 earnings at $0.90 EPS, Q1 2025 earnings at $0.45 EPS, Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.62 EPS and FY2025 earnings at $2.40 EPS.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $217.49 million for the quarter, compared to analyst estimates of $219.30 million. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.12%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS.

Several other research analysts also recently issued reports on MC. UBS Group upped their price objective on Moelis & Company from $47.00 to $50.00 and gave the stock a “sell” rating in a report on Tuesday. JMP Securities reaffirmed 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 issued a $54.00 price objective (down from $58.00) on shares of Moelis & Company in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group upgraded shares of Moelis & Company from a “sell” rating to a “neutral” rating and upped their target price for the company from $53.00 to $58.00 in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.40.

Moelis & Company Trading Up 1.2 %

Shares of MC stock opened at $58.85 on Thursday. Moelis & Company has a 1 year low of $38.58 and a 1 year high of $59.05. The firm’s 50 day moving average is $55.12 and its 200-day moving average is $54.65. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of -309.74 and a beta of 1.35.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, May 6th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 4.08%. Moelis & Company’s dividend payout ratio is presently -1,263.16%.

Insider Buying and Selling at Moelis & Company

In related news, insider Navid Mahmoodzadegan sold 44,980 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $54.92, for a total value of $2,470,301.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Navid Mahmoodzadegan sold 44,980 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $54.92, for a total value of $2,470,301.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kenneth Moelis sold 40,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $53.98, for a total value of $2,159,200.00. Following the sale, the chief executive officer now directly owns 42,441 shares in the company, valued at approximately $2,290,965.18. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Moelis & Company

Institutional investors and hedge funds have recently modified their holdings of the business. Mendota Financial Group LLC bought a new position in Moelis & Company in the fourth quarter valued at approximately $34,000. GAMMA Investing LLC acquired a new position in Moelis & Company in the 4th quarter worth $34,000. Hexagon Capital Partners LLC increased its holdings in Moelis & Company by 147.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock worth $37,000 after purchasing an additional 392 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Moelis & Company by 510.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 699 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of Moelis & Company by 22.5% in the fourth quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock valued at $84,000 after purchasing an additional 276 shares in the last quarter. 91.53% of the stock is currently 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.