Jump Financial LLC Buys Shares of 30,822 Moelis & Company (NYSE:MC)

Jump Financial LLC purchased a new stake in shares of Moelis & Company (NYSE:MC - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 30,822 shares of the asset manager's stock, valued at approximately $2,277,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. MML Investors Services LLC raised its position in shares of Moelis & Company by 13.6% during the 3rd quarter. MML Investors Services LLC now owns 7,679 shares of the asset manager's stock worth $526,000 after buying an additional 921 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Moelis & Company in the third quarter valued at about $633,000. SkyView Investment Advisors LLC grew its position in Moelis & Company by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 14,166 shares of the asset manager's stock worth $971,000 after buying an additional 300 shares in the last quarter. Sanctuary Advisors LLC grew its position in Moelis & Company by 25.3% during the third quarter. Sanctuary Advisors LLC now owns 12,214 shares of the asset manager's stock worth $917,000 after buying an additional 2,463 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in Moelis & Company during the third quarter worth $1,290,000. 91.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Moelis & Company

In other Moelis & Company news, Director Kenneth Shropshire sold 2,551 shares of the business'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 sale, the director now directly owns 6,940 shares in the company, valued at approximately $501,762. The trade was a 26.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kenneth Moelis sold 9,712 shares of the firm'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 sale, the chief executive officer now directly owns 209,235 shares in the company, valued at $15,483,390. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,721 shares of company stock worth $1,677,017 over the last three months. Company insiders own 6.40% of the company's stock.

Moelis & Company Trading Up 0.9 %

Shares of MC stock traded up $0.45 during trading hours on Thursday, reaching $52.60. The company's stock had a trading volume of 808,314 shares, compared to its average volume of 738,846. 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 $3.94 billion, a P/E ratio of 29.83 and a beta of 1.53. The firm's fifty day simple moving average is $60.01 and its 200 day simple moving average is $69.20.

Moelis & Company (NYSE:MC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.03). Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. The business had revenue of $306.59 million during the quarter, compared to analysts' expectations of $309.67 million. As a group, equities research analysts forecast that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 18th were issued a $0.65 dividend. This is a positive change from Moelis & Company's previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend was Tuesday, February 18th. Moelis & Company's payout ratio is currently 147.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MC shares. JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a report on Thursday. The Goldman Sachs Group cut their target price on shares of Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price target (up from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. StockNews.com downgraded shares of Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Finally, Morgan Stanley cut their target price on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $61.83.

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.