Moelis & Company (NYSE:MC – Get Free Report) insider Navid Mahmoodzadegan sold 10,402 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $54.92, for a total value of $571,277.84. Following the transaction, the insider now owns 115,235 shares in the company, valued at $6,328,706.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Navid Mahmoodzadegan also recently made the following trade(s):
- On Tuesday, February 20th, Navid Mahmoodzadegan sold 25,642 shares of Moelis & Company stock. The stock was sold at an average price of $55.29, for a total value of $1,417,746.18.
- On Friday, February 16th, Navid Mahmoodzadegan sold 20,001 shares of Moelis & Company stock. The stock was sold at an average price of $55.82, for a total value of $1,116,455.82.
Moelis & Company Price Performance
NYSE:MC opened at $53.96 on Monday. The firm has a market capitalization of $3.84 billion, a PE ratio of -149.89 and a beta of 1.37. The business’s fifty day moving average price is $55.30 and its 200 day moving average price is $49.05. Moelis & Company has a 12 month low of $33.87 and a 12 month high of $58.67.
Moelis & Company Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Friday, February 16th. Moelis & Company’s payout ratio is -666.67%.
Hedge Funds Weigh In On Moelis & Company
Hedge funds have recently made changes to their positions in the company. First Capital Advisors Group LLC. acquired a new stake in shares of Moelis & Company during the second quarter worth about $26,000. Mendota Financial Group LLC acquired a new stake in shares of Moelis & Company during the fourth quarter worth about $34,000. GAMMA Investing LLC acquired a new stake in shares of Moelis & Company during the fourth quarter worth about $34,000. Tower Research Capital LLC TRC boosted its stake in shares of Moelis & Company by 380.1% during the first quarter. Tower Research Capital LLC TRC now owns 1,378 shares of the asset manager’s stock worth $53,000 after buying an additional 1,091 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Moelis & Company by 230.3% during the first quarter. Covestor Ltd now owns 1,539 shares of the asset manager’s stock worth $72,000 after buying an additional 1,073 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Moelis & Company from $41.00 to $47.00 and gave the stock a “sell” rating in a research report on Tuesday, December 19th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $56.00 price objective on shares of Moelis & Company in a research report on Monday, January 29th. JPMorgan Chase & Co. upped their price objective on Moelis & Company from $46.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. StockNews.com raised Moelis & Company from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Morgan Stanley dropped their target price on Moelis & Company from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.60.
Check Out Our Latest Analysis on Moelis & Company
About Moelis & Company
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. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds.
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