SkyView Investment Advisors LLC Boosts Holdings in Moelis & Company (NYSE:MC)

SkyView Investment Advisors LLC raised its stake in shares of Moelis & Company (NYSE:MC) by 1.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,866 shares of the asset manager’s stock after acquiring an additional 188 shares during the period. SkyView Investment Advisors LLC’s holdings in Moelis & Company were worth $788,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. grew its holdings in Moelis & Company by 63.5% during the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after acquiring an additional 193 shares during the period. Hexagon Capital Partners LLC boosted its position in Moelis & Company by 147.9% in 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. grew its stake in shares of Moelis & Company by 510.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock worth $47,000 after purchasing an additional 699 shares during the period. Assetmark Inc. increased its holdings in shares of Moelis & Company by 22.5% during the 4th 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. Finally, Headlands Technologies LLC acquired a new position in shares of Moelis & Company in the 2nd quarter valued at $113,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Kenneth Shropshire sold 495 shares of the company’s stock in a transaction dated 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 owns 9,372 shares of the company’s stock, valued at approximately $649,385.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Kenneth Shropshire sold 495 shares of Moelis & Company stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $69.29, for a total transaction of $34,298.55. Following the transaction, the director now owns 9,372 shares in the company, valued at $649,385.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Joseph Simon sold 6,723 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $64.00, for a total value of $430,272.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,526 shares of company stock worth $830,133. 6.40% of the stock is owned by insiders.

Moelis & Company Trading Down 0.4 %

NYSE:MC opened at $68.93 on Friday. The stock has a 50 day moving average of $65.56 and a two-hundred day moving average of $58.86. Moelis & Company has a 12 month low of $38.58 and a 12 month high of $71.34. The firm has a market cap of $5.16 billion, a P/E ratio of -362.79 and a beta of 1.33.

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

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, August 5th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Monday, August 5th. Moelis & Company’s dividend payout ratio is currently -1,263.16%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. 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 research report on Tuesday, July 9th. Wells Fargo & Company initiated coverage on Moelis & Company in a research report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 target price on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $60.00 price target (up previously from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley boosted their price objective on Moelis & Company from $61.00 to $67.00 and gave the company an “underweight” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $59.33.

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.