Moelis & Company $MC Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Moelis & Company (NYSE:MC) by 203.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,535 shares of the asset manager’s stock after buying an additional 58,698 shares during the quarter. Quantinno Capital Management LP’s holdings in Moelis & Company were worth $4,990,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MC. Root Financial Partners LLC raised its stake in Moelis & Company by 292.2% in the 1st quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock worth $26,000 after acquiring an additional 339 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Moelis & Company during the 4th quarter valued at about $27,000. Hantz Financial Services Inc. grew its stake in 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 during the last quarter. Allworth Financial LP increased its holdings in shares of Moelis & Company by 153.9% in the third 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. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Moelis & Company by 89.5% in the second quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 282 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.

Moelis & Company Trading Down 3.3%

Shares of MC stock opened at $67.14 on Friday. The stock has a 50 day moving average of $67.43 and a 200 day moving average of $65.04. The stock has a market cap of $5.27 billion, a P/E ratio of 23.39, a P/E/G ratio of 0.90 and a beta of 1.84. Moelis & Company has a twelve month low of $51.06 and a twelve month high of $78.22.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, July 29th. The asset manager reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $409.39 million for the quarter, compared to analysts’ expectations of $387.27 million. Moelis & Company had a net margin of 14.50% and a return on equity of 39.59%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. On average, research analysts predict that Moelis & Company will post 3.13 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 10th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.60 dividend on an annualized basis and a yield of 3.9%. Moelis & Company’s dividend payout ratio is 90.59%.

Insider Transactions at Moelis & Company

In related news, General Counsel Osamu R. Watanabe sold 4,850 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $69.30, for a total transaction of $336,105.00. Following the sale, the general counsel owned 131 shares in the company, valued at approximately $9,078.30. This trade represents a 97.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MC. Wall Street Zen raised Moelis & Company from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research upgraded shares of Moelis & Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. UBS Group reissued a “sell” rating and set a $60.00 price target (up from $58.00) on shares of Moelis & Company in a research report on Wednesday, July 8th. Morgan Stanley lifted their price objective on shares of Moelis & Company from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued 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 $73.62.

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.