66,777 Shares in Moelis & Company (NYSE:MC) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new position in shares of Moelis & Company (NYSE:MC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 66,777 shares of the asset manager's stock, valued at approximately $4,933,000. Arrowstreet Capital Limited Partnership owned 0.09% of Moelis & Company as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MC. R Squared Ltd acquired a new stake in shares of Moelis & Company in the fourth quarter worth $47,000. Jones Financial Companies Lllp lifted its position in Moelis & Company by 148.3% during the 4th quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock worth $61,000 after acquiring an additional 491 shares during the last quarter. AlphaQuest LLC acquired a new position in Moelis & Company during the 4th quarter worth $61,000. Smartleaf Asset Management LLC boosted its holdings in 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 grew its position in shares of Moelis & Company by 18.1% in the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager's stock valued at $87,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 91.53% of the company's stock.

Insider Activity

In other news, insider Christopher Callesano sold 1,282 shares of Moelis & Company stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total value of $94,868.00. Following the completion of the transaction, the insider now owns 1,227 shares in the company, valued at approximately $90,798. The trade was a 51.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kenneth Moelis sold 9,712 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $718,688.00. Following the sale, the chief executive officer now owns 209,235 shares in the company, valued at approximately $15,483,390. This trade represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,721 shares of company stock worth $1,677,017. Company insiders own 6.40% of the company's stock.

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Moelis & Company Trading Down 0.5 %

MC stock traded down $0.25 during midday trading on Friday, hitting $50.54. The stock had a trading volume of 996,288 shares, compared to its average volume of 722,190. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $82.89. The stock has a 50-day simple moving average of $64.25 and a 200 day simple moving average of $70.13. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 28.71 and a beta of 1.53.

Moelis & Company (NYSE:MC - Get Free Report) last released 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 net margin of 11.39% and a return on equity of 38.49%. On average, equities analysts forecast that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 5.14%. This is an increase from Moelis & Company's previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 18th. Moelis & Company's payout ratio is presently 147.73%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JMP Securities restated a "market perform" rating on shares of Moelis & Company in a research note on Thursday, February 6th. Morgan Stanley reduced their price objective on Moelis & Company from $70.00 to $42.00 and set an "underweight" rating for the company in a research report on Monday, April 7th. Wells Fargo & Company dropped their target price on shares of Moelis & Company from $63.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Tuesday. The Goldman Sachs Group reduced their price target on shares of Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 price objective (up previously from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Two 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $62.50.

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.