Fox Run Management L.L.C. Purchases Shares of 4,895 Moelis & Company (NYSE:MC)

Fox Run Management L.L.C. acquired a new stake in Moelis & Company (NYSE:MC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,895 shares of the asset manager's stock, valued at approximately $362,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arizona State Retirement System lifted its holdings in Moelis & Company by 0.8% during the 4th quarter. Arizona State Retirement System now owns 20,420 shares of the asset manager's stock worth $1,509,000 after purchasing an additional 163 shares during the last quarter. 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 worth $87,000 after buying an additional 180 shares in the last quarter. Choreo LLC lifted its holdings in shares of Moelis & Company by 4.0% during the fourth quarter. Choreo LLC now owns 4,831 shares of the asset manager's stock worth $358,000 after buying an additional 187 shares in the last quarter. Heritage Family Offices LLP boosted its position in shares of Moelis & Company by 5.0% in the fourth quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager's stock valued at $330,000 after acquiring an additional 213 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Moelis & Company by 0.4% in the third quarter. Fisher Asset Management LLC now owns 62,570 shares of the asset manager's stock valued at $4,287,000 after acquiring an additional 220 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts have issued reports on MC shares. The Goldman Sachs Group cut their price objective 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. JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a research note on Thursday, February 6th. StockNews.com lowered Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Wells Fargo & Company upped their target price on Moelis & Company from $77.00 to $83.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price objective (up previously from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $71.83.

Moelis & Company Trading Down 3.0 %

Moelis & Company stock traded down $1.78 during midday trading on Friday, reaching $57.88. The company's stock had a trading volume of 705,590 shares, compared to its average volume of 695,172. The stock has a market cap of $4.34 billion, a PE ratio of 32.89 and a beta of 1.43. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $82.89. The business has a 50-day moving average price of $70.16 and a 200-day moving average price of $71.48.

Moelis & Company (NYSE:MC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate 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, research analysts predict that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 18th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from Moelis & Company's previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 4.49%. Moelis & Company's dividend payout ratio (DPR) is currently 147.73%.

Insiders Place Their Bets

In other Moelis & Company news, insider Christopher Callesano sold 1,282 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction 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. This trade represents a 51.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth Shropshire sold 2,551 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $72.30, for a total transaction of $184,437.30. Following the completion of the sale, the director now directly owns 6,940 shares in the company, valued at approximately $501,762. This represents a 26.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,721 shares of company stock valued at $1,677,017 in the last ninety days. 6.40% of the stock is currently owned by insiders.

About Moelis & Company

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.