Inceptionr LLC Makes New Investment in Moelis & Company $MC

Inceptionr LLC acquired a new position in shares of Moelis & Company (NYSE:MC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,348 shares of the asset manager’s stock, valued at approximately $476,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in Moelis & Company by 64.4% in the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after buying an additional 163 shares during the period. Wesbanco Bank Inc. grew its position in shares of Moelis & Company by 2.1% during the 4th quarter. Wesbanco Bank Inc. now owns 8,889 shares of the asset manager’s stock worth $611,000 after buying an additional 180 shares during the period. GW Henssler & Associates Ltd. increased its stake in shares of Moelis & Company by 5.6% in the 4th quarter. GW Henssler & Associates Ltd. now owns 3,433 shares of the asset manager’s stock valued at $236,000 after acquiring an additional 181 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Moelis & Company by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,955 shares of the asset manager’s stock valued at $1,165,000 after acquiring an additional 200 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Moelis & Company by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 69,155 shares of the asset manager’s stock valued at $4,310,000 after acquiring an additional 209 shares during the period. Institutional investors own 91.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MC shares. Wall Street Zen cut shares of Moelis & Company from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Morgan Stanley cut their target price on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Keefe, Bruyette & Woods decreased their price target on shares of Moelis & Company from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Friday, July 10th. Weiss Ratings cut shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group dropped their price objective on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.38.

Moelis & Company Stock Performance

NYSE MC opened at $66.97 on Monday. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 0.85 and a beta of 1.85. The business has a 50 day simple moving average of $66.95 and a 200 day simple moving average of $65.51. Moelis & Company has a 52-week low of $51.06 and a 52-week high of $78.22.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). The company had revenue of $319.78 million during the quarter, compared to the consensus estimate of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. On average, analysts predict that Moelis & Company will post 3.17 EPS for the current year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, May 11th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, May 11th. Moelis & Company’s dividend payout ratio is currently 93.53%.

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.