Quantbot Technologies LP Has $1.69 Million Stock Position in Moelis & Company (NYSE:MC)

Quantbot Technologies LP grew its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 262.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,865 shares of the asset manager's stock after buying an additional 16,563 shares during the quarter. Quantbot Technologies LP's holdings in Moelis & Company were worth $1,689,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Edgestream Partners L.P. acquired a new position in shares of Moelis & Company in the 4th quarter worth approximately $2,784,000. Charles Schwab Investment Management Inc. lifted its position in shares of Moelis & Company by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,552 shares of the asset manager's stock worth $69,119,000 after buying an additional 12,632 shares during the last quarter. Hodges Capital Management Inc. acquired a new position in shares of Moelis & Company in the 4th quarter valued at about $9,149,000. Cerity Partners LLC grew its position in shares of Moelis & Company by 129.8% during the 3rd quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager's stock valued at $949,000 after buying an additional 7,819 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Moelis & Company during the fourth quarter worth about $412,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Moelis & Company Stock Performance

Shares of MC stock traded down $1.78 on Friday, reaching $57.88. 705,590 shares of the company's stock traded hands, compared to its average volume of 695,172. The company has a market capitalization of $4.34 billion, a P/E ratio of 32.89 and a beta of 1.43. Moelis & Company has a 12-month low of $46.24 and a 12-month high of $82.89. The business's 50 day moving average price is $70.55 and its two-hundred day moving average price is $71.41.

Remove Ads

Moelis & Company (NYSE:MC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, beating 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%. Research analysts predict that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.65 per share. This is a boost from Moelis & Company's previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend was Tuesday, February 18th. Moelis & Company's payout ratio is currently 147.73%.

Analyst Ratings Changes

MC has been the topic of several recent research reports. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a report on Thursday, February 6th. Wells Fargo & Company lifted their price target 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. StockNews.com cut Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 target price (up from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Finally, 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. 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $71.83.

Insider Transactions at Moelis & Company

In other Moelis & Company news, Director Kenneth Shropshire sold 2,551 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 6,940 shares of the company's stock, valued at $501,762. The trade was a 26.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kenneth Moelis sold 9,712 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $718,688.00. Following the transaction, the chief executive officer now owns 209,235 shares in the company, valued at $15,483,390. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,721 shares of company stock valued at $1,677,017. 6.40% of the stock is 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.