Emerald Advisers LLC Sells 67,517 Shares of Moelis & Company $MC

Emerald Advisers LLC lessened its position in Moelis & Company (NYSE:MC) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 548,077 shares of the asset manager’s stock after selling 67,517 shares during the quarter. Emerald Advisers LLC’s holdings in Moelis & Company were worth $31,240,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC boosted its position in Moelis & Company by 292.2% during 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 bought a new position in shares of Moelis & Company during the 4th quarter worth approximately $27,000. Hantz Financial Services Inc. raised its holdings in shares of 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 purchasing an additional 163 shares during the last quarter. Allworth Financial LP raised 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 last quarter. Finally, eCIO Inc. bought a new stake in shares of Moelis & Company in the fourth quarter worth $33,000. Institutional investors own 91.53% of the company’s stock.

Analyst Ratings Changes

MC has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their target price 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. Weiss Ratings lowered shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Morgan Stanley cut their price target on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. UBS Group restated a “sell” rating and set a $60.00 price objective (up from $58.00) on shares of Moelis & Company in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group reduced their price objective on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $73.38.

Moelis & Company Stock Down 0.0%

MC opened at $63.73 on Tuesday. Moelis & Company has a 12-month low of $51.06 and a 12-month high of $78.22. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 0.77 and a beta of 1.85. The business has a 50 day moving average of $66.34 and a 200-day moving average of $65.72.

Moelis & Company (NYSE:MC) last issued its earnings results 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 business had revenue of $319.78 million for the quarter, compared to the consensus estimate of $321.51 million. Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. As a group, analysts expect that Moelis & Company will post 3.14 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, May 11th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, May 11th. Moelis & Company’s payout ratio is 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.