Impact Capital Partners LLC Invests $820,000 in Moelis & Company (NYSE:MC)

Impact Capital Partners LLC bought a new position in Moelis & Company (NYSE:MC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,097 shares of the asset manager's stock, valued at approximately $820,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Moelis & Company during the fourth quarter valued at $47,000. Jones Financial Companies Lllp lifted its holdings in shares of Moelis & Company by 148.3% during the fourth quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock valued at $61,000 after acquiring an additional 491 shares during the period. AlphaQuest LLC bought a new position in shares of Moelis & Company during the fourth quarter valued at $61,000. Smartleaf Asset Management LLC lifted its holdings in shares of Moelis & Company by 368.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,016 shares of the asset manager's stock valued at $75,000 after acquiring an additional 799 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Moelis & Company by 18.1% during the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager's stock valued at $87,000 after acquiring an additional 180 shares during the period. 91.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on MC shares. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 price objective (up from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a report on Thursday, February 6th. Morgan Stanley reaffirmed an "underweight" rating and issued a $70.00 price target (down from $100.00) on shares of Moelis & Company in a report on Thursday. StockNews.com cut Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday. Finally, The Goldman Sachs Group cut their price target on Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $71.83.

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Insider Buying and Selling

In other news, CEO Kenneth Moelis sold 9,712 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $718,688.00. Following the completion of the transaction, the chief executive officer now directly owns 209,235 shares in the company, valued at approximately $15,483,390. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Callesano sold 1,282 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $94,868.00. Following the transaction, the insider now owns 1,227 shares of the company's stock, valued at $90,798. The trade was a 51.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,721 shares of company stock worth $1,677,017 over the last three months. 6.40% of the stock is currently owned by company insiders.

Moelis & Company Trading Up 1.1 %

Shares of Moelis & Company stock traded up $0.64 during trading on Monday, reaching $60.19. The company's stock had a trading volume of 644,463 shares, compared to its average volume of 608,999. The stock has a 50-day moving average price of $72.87 and a two-hundred day moving average price of $71.78. Moelis & Company has a one year low of $46.24 and a one year high of $82.89. The stock has a market capitalization of $4.51 billion, a P/E ratio of 34.20 and a beta of 1.43.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. As a group, sell-side analysts anticipate that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 18th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.32%. This is a positive change from Moelis & Company's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 18th. Moelis & Company's dividend payout ratio (DPR) is presently 147.73%.

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.