Timucuan Asset Management Inc. FL Decreases Holdings in Moelis & Company (NYSE:MC)

Timucuan Asset Management Inc. FL lowered its position in shares of Moelis & Company (NYSE:MC - Free Report) by 22.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,998,515 shares of the asset manager's stock after selling 584,980 shares during the period. Moelis & Company accounts for approximately 4.5% of Timucuan Asset Management Inc. FL's portfolio, making the stock its 13th largest position. Timucuan Asset Management Inc. FL owned 2.67% of Moelis & Company worth $147,650,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC raised 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 in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Moelis & Company during the fourth quarter worth about $31,000. R Squared Ltd purchased a new stake in shares of Moelis & Company in the 4th quarter valued at about $47,000. Jones Financial Companies Lllp boosted its position in shares of Moelis & Company by 148.3% in the 4th quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock valued at $61,000 after purchasing an additional 491 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of Moelis & Company in the 4th quarter valued at about $61,000. Hedge funds and other institutional investors own 91.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MC shares. JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a research note on Thursday, February 6th. Morgan Stanley reduced their price target on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating for the company in a research report on Monday, April 7th. Wells Fargo & Company lowered their price objective on shares of Moelis & Company from $63.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group reduced their target price 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. Finally, StockNews.com lowered Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Moelis & Company has a consensus rating of "Hold" and an average price target of $62.50.

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Insider Activity at Moelis & Company

In other Moelis & Company news, CEO Kenneth Moelis sold 9,712 shares of the 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 $718,688.00. Following the transaction, the chief executive officer now owns 209,235 shares of the company's stock, valued at $15,483,390. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Callesano sold 1,282 shares of the business'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 $94,868.00. Following the sale, the insider now directly owns 1,227 shares of the company's stock, valued at $90,798. This represents a 51.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,721 shares of company stock valued at $1,677,017. Insiders own 6.40% of the company's stock.

Moelis & Company Stock Up 0.4 %

MC stock traded up $0.22 on Tuesday, reaching $52.34. 696,773 shares of the company's stock were exchanged, compared to its average volume of 990,700. The stock has a fifty day moving average of $63.69 and a 200-day moving average of $70.02. The firm has a market cap of $3.92 billion, a PE ratio of 29.74 and a beta of 1.53. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $82.89.

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

Moelis & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 18th were given a $0.65 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from Moelis & Company's previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 4.97%. Moelis & Company's payout ratio is currently 147.73%.

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.