Moelis & Co. (MC) Sees Unusually-High Trading Volume
Moelis & Co. (NYSE:MC) saw strong trading volume on Friday . 79,890 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 87,994 shares.The stock last traded at $26.24 and had previously closed at $26.04.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised Moelis & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Credit Suisse Group AG reissued a “hold” rating on shares of Moelis & Co. in a research report on Tuesday, June 28th. Finally, Morgan Stanley reissued a “buy” rating on shares of Moelis & Co. in a research report on Tuesday, June 7th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Moelis & Co. has a consensus rating of “Buy” and an average target price of $30.78.
The company has a market capitalization of $539.49 million and a P/E ratio of 15.60. The stock’s 50-day moving average price is $25.07 and its 200 day moving average price is $26.03.
Moelis & Co. (NYSE:MC) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The company had revenue of $131.70 million for the quarter, compared to the consensus estimate of $131.44 million. Moelis & Co.’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. Analysts predict that Moelis & Co. will post $1.66 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Monday, August 22nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, August 18th.
An institutional investor recently raised its position in Moelis & Co. stock. Dimensional Fund Advisors LP increased its position in shares of Moelis & Co. (NYSE:MC) by 145.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,394 shares of the company’s stock after buying an additional 74,860 shares during the period. Dimensional Fund Advisors LP owned 0.83% of Moelis & Co. worth $3,688,000 at the end of the most recent reporting period.
Moelis & Company is an investment bank that provides strategic and financial advice to a client base, including corporations, Governments and financial sponsors. The Company assists its clients in achieving their strategic goals by offering financial advisory services across all industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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