Moelis & Company (NYSE:MC) – Seaport Global Securities raised their Q2 2021 earnings per share estimates for Moelis & Company in a research report issued on Wednesday, April 7th. Seaport Global Securities analyst J. Mitchell now forecasts that the asset manager will post earnings of $0.65 per share for the quarter, up from their previous estimate of $0.63. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Moelis & Company’s Q3 2021 earnings at $0.66 EPS, Q4 2021 earnings at $0.96 EPS, Q1 2022 earnings at $0.72 EPS, Q2 2022 earnings at $0.65 EPS, Q3 2022 earnings at $0.71 EPS, Q4 2022 earnings at $1.01 EPS and FY2022 earnings at $3.10 EPS.
Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Tuesday, February 9th. The asset manager reported $1.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.65. Moelis & Company had a net margin of 9.91% and a return on equity of 23.47%. The firm had revenue of $422.03 million during the quarter, compared to the consensus estimate of $311.09 million. During the same period last year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 88.8% compared to the same quarter last year.
NYSE:MC opened at $56.41 on Thursday. The stock has a 50 day simple moving average of $55.02 and a 200 day simple moving average of $46.31. The stock has a market cap of $3.61 billion, a P/E ratio of 44.77 and a beta of 1.33. Moelis & Company has a 1-year low of $26.05 and a 1-year high of $59.63.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Monday, February 22nd were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, February 19th. This is an increase from Moelis & Company’s previous quarterly dividend of $0.38. Moelis & Company’s dividend payout ratio (DPR) is currently 112.24%.
In other news, Director Kenneth Shropshire sold 1,645 shares of the stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $54.69, for a total value of $89,965.05. Following the completion of the transaction, the director now owns 5,742 shares of the company’s stock, valued at $314,029.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Callesano sold 1,346 shares of the firm’s stock in a transaction that occurred on Tuesday, February 23rd. The shares were sold at an average price of $50.05, for a total transaction of $67,367.30. Following the completion of the sale, the insider now owns 2,641 shares in the company, valued at $132,182.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 561,291 shares of company stock worth $31,307,518. Corporate insiders own 17.99% of the company’s stock.
A number of institutional investors have recently modified their holdings of MC. Wolff Wiese Magana LLC acquired a new stake in shares of Moelis & Company during the fourth quarter valued at about $41,000. Kinloch Capital LLC bought a new position in Moelis & Company in the 4th quarter valued at approximately $59,000. Graves Light Private Wealth Management Inc. bought a new position in Moelis & Company in the 4th quarter valued at approximately $63,000. SG Americas Securities LLC acquired a new stake in Moelis & Company during the 4th quarter worth approximately $107,000. Finally, Comerica Bank bought a new stake in Moelis & Company during the 4th quarter worth approximately $207,000. Hedge funds and other institutional investors own 88.19% of the company’s stock.
About Moelis & Company
Moelis & Company operates as an investment banking advisory firm in the United States, Europe, and internationally. 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, and governments.
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