Tidal Investments LLC Makes New Investment in Moelis & Company (NYSE:MC)

Tidal Investments LLC acquired a new stake in shares of Moelis & Company (NYSE:MC - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 18,824 shares of the asset manager's stock, valued at approximately $1,290,000.

A number of other hedge funds have also added to or reduced their stakes in MC. Sei Investments Co. grew its stake in Moelis & Company by 18.2% in the second quarter. Sei Investments Co. now owns 305,871 shares of the asset manager's stock worth $17,392,000 after purchasing an additional 47,176 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Moelis & Company in the 3rd quarter worth about $3,433,000. XTX Topco Ltd grew its position in shares of Moelis & Company by 274.4% in the 2nd quarter. XTX Topco Ltd now owns 16,524 shares of the asset manager's stock worth $940,000 after buying an additional 12,110 shares during the period. Natixis Advisors LLC increased its stake in shares of Moelis & Company by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager's stock worth $55,141,000 after acquiring an additional 96,720 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in 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 acquiring an additional 7,819 shares during the period. 91.53% of the stock is owned by hedge funds and other institutional investors.

Moelis & Company Trading Up 1.0 %

MC stock traded up $0.73 on Thursday, hitting $71.72. The company had a trading volume of 533,614 shares, compared to its average volume of 628,951. Moelis & Company has a 12-month low of $46.24 and a 12-month high of $81.60. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 135.32 and a beta of 1.37. The stock's 50-day simple moving average is $72.87 and its 200 day simple moving average is $66.04.

Moelis & Company (NYSE:MC - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. The company had revenue of $273.76 million for the quarter, compared to the consensus estimate of $273.58 million. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. Moelis & Company's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.15) earnings per share. Research analysts forecast that Moelis & Company will post 0.96 earnings per share for the current year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.35%. Moelis & Company's dividend payout ratio (DPR) is 452.83%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MC. Morgan Stanley raised Moelis & Company from an "underweight" rating to an "overweight" rating and raised their price objective for the company from $66.00 to $92.00 in a research report on Monday, December 9th. UBS Group increased their target price on Moelis & Company from $54.00 to $60.00 and gave the stock a "sell" rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their price target on Moelis & Company from $70.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $66.50.

Moelis & Company Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.