9,751 Shares in Moelis & Company (NYSE:MC) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in Moelis & Company (NYSE:MC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,751 shares of the asset manager’s stock, valued at approximately $554,000.

Several other large investors also recently bought and sold shares of MC. SkyView Investment Advisors LLC lifted its holdings in shares of Moelis & Company by 1.4% in the 2nd quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager’s stock valued at $788,000 after purchasing an additional 188 shares during the last quarter. Bank of Montreal Can lifted its stake in Moelis & Company by 2.7% in the second quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock valued at $409,000 after buying an additional 192 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Moelis & Company by 63.5% in the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 193 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Moelis & Company by 3.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,390 shares of the asset manager’s stock worth $363,000 after acquiring an additional 193 shares during the last quarter. Finally, Peak Financial Advisors LLC increased its holdings in shares of Moelis & Company by 2.9% in the 1st quarter. Peak Financial Advisors LLC now owns 8,715 shares of the asset manager’s stock valued at $495,000 after acquiring an additional 245 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

Insider Buying and Selling

In related news, CFO Joseph Simon sold 6,723 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $64.00, for a total value of $430,272.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Kenneth Shropshire sold 495 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total transaction of $34,298.55. Following the completion of the transaction, the director now directly owns 9,372 shares of the company’s stock, valued at $649,385.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joseph Simon sold 6,723 shares of Moelis & Company stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $64.00, for a total value of $430,272.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,526 shares of company stock valued at $830,133. Corporate insiders own 6.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MC. JPMorgan Chase & Co. increased their price target on shares of Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. UBS Group raised their price target on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $60.00 price objective (up from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. Morgan Stanley increased their price objective on Moelis & Company from $61.00 to $67.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. Finally, Wells Fargo & Company started coverage on Moelis & Company in a report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 target price on the stock. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.00.

Moelis & Company Stock Up 1.9 %

Shares of NYSE:MC opened at $70.96 on Wednesday. Moelis & Company has a 52 week low of $38.58 and a 52 week high of $72.15. The company has a 50-day moving average price of $66.09 and a 200 day moving average price of $59.89. The company has a market cap of $5.31 billion, a P/E ratio of -373.47 and a beta of 1.33.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. The business had revenue of $264.59 million during the quarter, compared to analysts’ expectations of $227.90 million. During the same period last year, the firm earned ($0.04) EPS. The company’s quarterly revenue was up 47.1% compared to the same quarter last year. Analysts expect that Moelis & Company will post 1.08 EPS for the current year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Monday, August 5th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Monday, August 5th. Moelis & Company’s dividend payout ratio (DPR) is -1,263.16%.

Moelis & 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.