Cinctive Capital Management LP Has $4.47 Million Position in Moelis & Company (NYSE:MC)

Cinctive Capital Management LP raised its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 303.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 60,457 shares of the asset manager's stock after acquiring an additional 45,490 shares during the period. Cinctive Capital Management LP owned approximately 0.08% of Moelis & Company worth $4,467,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC boosted its stake in Moelis & Company by 52.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock worth $30,000 after acquiring an additional 137 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Moelis & Company in the fourth quarter worth $31,000. R Squared Ltd bought a new position in shares of Moelis & Company during the fourth quarter worth $47,000. Jones Financial Companies Lllp boosted its position 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 worth $61,000 after purchasing an additional 491 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of Moelis & Company in the 4th quarter valued at $61,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MC shares. The Goldman Sachs Group dropped their price objective on Moelis & Company from $86.00 to $75.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price target (up previously from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a research report on Thursday, February 6th. StockNews.com cut Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Finally, Wells Fargo & Company lifted their price target on shares of Moelis & Company from $77.00 to $83.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.17.

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Moelis & Company Price Performance

NYSE:MC traded up $0.52 during trading hours on Tuesday, reaching $50.57. 422,817 shares of the stock were exchanged, compared to its average volume of 709,452. The stock has a market cap of $3.79 billion, a PE ratio of 28.73 and a beta of 1.53. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $82.89. The firm has a 50 day moving average of $67.43 and a 200 day moving average of $70.93.

Moelis & Company (NYSE:MC - Get Free Report) last announced its earnings results on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $0.39 by $0.79. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. Equities research analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Increases Dividend

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

Insider Activity at Moelis & Company

In related news, Director Kenneth Shropshire sold 2,551 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $72.30, for a total value of $184,437.30. Following the completion of the transaction, the director now directly owns 6,940 shares of the company's stock, valued at approximately $501,762. This trade represents a 26.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Osamu R. Watanabe sold 5,661 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $418,914.00. Following the sale, the general counsel now directly owns 6,471 shares in the company, valued at $478,854. This trade represents a 46.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,721 shares of company stock valued at $1,677,017. 6.40% of the stock is owned by insiders.

Moelis & Company 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.