Louisiana State Employees Retirement System Takes Position in Moelis & Company $MC

Louisiana State Employees Retirement System acquired a new stake in Moelis & Company (NYSE:MC) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 32,800 shares of the asset manager’s stock, valued at approximately $1,870,000.

Several other hedge funds have also added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of Moelis & Company in the fourth quarter worth about $27,000. Hantz Financial Services Inc. lifted its holdings in shares of Moelis & Company by 64.4% during the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 163 shares in the last quarter. Allworth Financial LP grew its position in shares of Moelis & Company by 153.9% in the 3rd quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 254 shares during the period. eCIO Inc. acquired a new position in shares of Moelis & Company in the 4th quarter valued at approximately $33,000. Finally, Quarry LP increased its stake in Moelis & Company by 1,811.1% during the 3rd quarter. Quarry LP now owns 516 shares of the asset manager’s stock worth $37,000 after purchasing an additional 489 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Stock Up 4.0%

NYSE:MC opened at $65.43 on Wednesday. The company has a market cap of $5.14 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 0.75 and a beta of 1.85. Moelis & Company has a twelve month low of $51.06 and a twelve month high of $78.22. The business has a 50 day moving average price of $66.53 and a two-hundred day moving average price of $65.92.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The business had revenue of $319.78 million during the quarter, compared to analyst estimates of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. Moelis & Company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. As a group, analysts anticipate that Moelis & Company will post 3.17 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, May 11th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, May 11th. Moelis & Company’s payout ratio is presently 93.53%.

Wall Street Analysts Forecast Growth

MC has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Moelis & Company from $80.00 to $64.00 and set a “market perform” rating on the stock in a report on Wednesday, April 8th. Morgan Stanley lowered their price objective on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. The Goldman Sachs Group dropped their price objective on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Zacks Research lowered shares of Moelis & Company from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen lowered shares of Moelis & Company from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.89.

Moelis & Company Profile

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.