Emerald Advisers Inc. PA Decreases Stake in Moelis & Co (MC)

Emerald Advisers Inc. PA decreased its position in Moelis & Co (NYSE:MC) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 433,842 shares of the asset manager’s stock after selling 15,752 shares during the quarter. Emerald Advisers Inc. PA owned 0.77% of Moelis & Co worth $23,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MC. Advisory Services Network LLC boosted its position in Moelis & Co by 429.3% during the 2nd quarter. Advisory Services Network LLC now owns 1,588 shares of the asset manager’s stock valued at $101,000 after purchasing an additional 1,288 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in Moelis & Co during the 2nd quarter valued at approximately $109,000. Palo Capital Inc. acquired a new position in Moelis & Co during the 3rd quarter valued at approximately $123,000. ARP Americas LP acquired a new position in Moelis & Co during the 3rd quarter valued at approximately $203,000. Finally, Northwest Bancshares Inc. acquired a new position in Moelis & Co during the 2nd quarter worth $212,000. Institutional investors own 69.39% of the company’s stock.

In other news, Director Kenneth Shropshire sold 1,500 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $57.85, for a total value of $86,775.00. Following the sale, the director now owns 4,968 shares of the company’s stock, valued at approximately $287,398.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 29.91% of the stock is currently owned by insiders.



Shares of MC stock opened at $40.15 on Wednesday. Moelis & Co has a 1 year low of $39.23 and a 1 year high of $67.65. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 1.02 and a beta of 1.68.

Moelis & Co (NYSE:MC) last announced its quarterly earnings results on Monday, October 22nd. The asset manager reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). Moelis & Co had a return on equity of 52.92% and a net margin of 9.39%. The business had revenue of $207.70 million for the quarter, compared to analyst estimates of $215.19 million. During the same quarter last year, the firm posted $0.57 EPS. The company’s revenue was up 22.2% compared to the same quarter last year. Sell-side analysts expect that Moelis & Co will post 2.83 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Thursday, November 1st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Wednesday, October 31st. Moelis & Co’s dividend payout ratio is presently 82.10%.

A number of research analysts have issued reports on the company. UBS Group reduced their price target on Moelis & Co from $62.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, October 8th. ValuEngine lowered Moelis & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Zacks Investment Research upgraded Moelis & Co from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Friday, July 27th. Finally, Bank of America boosted their price target on Moelis & Co from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, July 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Moelis & Co presently has a consensus rating of “Hold” and an average price target of $61.33.

Moelis & Co Company Profile

Moelis & Company is a global investment bank. The firm provides services relating to mergers & acquisitions, recapitalization & restructuring, capital markets and financial institution advisory; private funds; shareholder defense and strategic alliances. The firm's expertise is into global energy; IPO advisory; technology, media, telecommunication sectors.

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Institutional Ownership by Quarter for Moelis & Co (NYSE:MC)

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