Moelis & Company (NYSE:MC) CEO Kenneth Moelis Sells 10,466 Shares

Moelis & Company (NYSE:MC) CEO Kenneth Moelis sold 10,466 shares of the stock in a transaction dated Wednesday, April 28th. The stock was sold at an average price of $57.04, for a total transaction of $596,980.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Kenneth Moelis also recently made the following trade(s):

  • On Monday, April 26th, Kenneth Moelis sold 1,401 shares of Moelis & Company stock. The stock was sold at an average price of $57.03, for a total value of $79,899.03.
  • On Friday, April 23rd, Kenneth Moelis sold 18,184 shares of Moelis & Company stock. The shares were sold at an average price of $57.11, for a total value of $1,038,488.24.
  • On Wednesday, April 7th, Kenneth Moelis sold 800 shares of Moelis & Company stock. The stock was sold at an average price of $57.12, for a total value of $45,696.00.
  • On Monday, April 5th, Kenneth Moelis sold 60,000 shares of Moelis & Company stock. The shares were sold at an average price of $56.56, for a total value of $3,393,600.00.
  • On Thursday, April 1st, Kenneth Moelis sold 17,815 shares of Moelis & Company stock. The shares were sold at an average price of $56.07, for a total value of $998,887.05.
  • On Monday, March 29th, Kenneth Moelis sold 3,500 shares of Moelis & Company stock. The shares were sold at an average price of $56.00, for a total value of $196,000.00.
  • On Friday, March 26th, Kenneth Moelis sold 5,728 shares of Moelis & Company stock. The shares were sold at an average price of $56.01, for a total value of $320,825.28.
  • On Wednesday, March 24th, Kenneth Moelis sold 541 shares of Moelis & Company stock. The shares were sold at an average price of $56.18, for a total value of $30,393.38.
  • On Monday, March 22nd, Kenneth Moelis sold 4,754 shares of Moelis & Company stock. The shares were sold at an average price of $56.10, for a total value of $266,699.40.
  • On Friday, March 19th, Kenneth Moelis sold 60,000 shares of Moelis & Company stock. The shares were sold at an average price of $56.64, for a total value of $3,398,400.00.

Shares of Moelis & Company stock opened at $54.54 on Tuesday. The business has a 50 day simple moving average of $55.50 and a two-hundred day simple moving average of $48.83. Moelis & Company has a 12 month low of $26.81 and a 12 month high of $59.63. The stock has a market capitalization of $3.49 billion, a P/E ratio of 43.29 and a beta of 1.33.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, April 28th. The asset manager reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.15. Moelis & Company had a return on equity of 23.47% and a net margin of 9.91%. The business had revenue of $263.87 million during the quarter, compared to analysts’ expectations of $241.32 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business’s revenue was up 71.7% compared to the same quarter last year. As a group, equities analysts forecast that Moelis & Company will post 2.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 18th. Shareholders of record on Monday, May 10th will be issued a dividend of $0.55 per share. The ex-dividend date is Friday, May 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.03%. Moelis & Company’s payout ratio is currently 112.24%.

MC has been the topic of several research analyst reports. Piper Sandler boosted their price target on Moelis & Company from $58.00 to $68.00 in a research note on Tuesday, March 16th. UBS Group upgraded Moelis & Company from a “neutral” rating to a “buy” rating and upped their target price for the stock from $40.00 to $56.00 in a research note on Tuesday, January 5th. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research note on Thursday, April 15th. JPMorgan Chase & Co. upgraded Moelis & Company from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $50.00 in a research note on Thursday, January 7th. Finally, Morgan Stanley upped their target price on Moelis & Company from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $44.88.

Institutional investors have recently made changes to their positions in the business. Wolff Wiese Magana LLC acquired a new position in shares of Moelis & Company during the fourth quarter valued at approximately $41,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Moelis & Company in the first quarter valued at approximately $68,000. Kinloch Capital LLC acquired a new stake in shares of Moelis & Company in the fourth quarter valued at approximately $59,000. Graves Light Private Wealth Management Inc. purchased a new position in Moelis & Company in the fourth quarter worth approximately $63,000. Finally, New York State Teachers Retirement System purchased a new position in Moelis & Company in the first quarter worth approximately $99,000. 88.19% of the stock is owned by institutional investors and hedge funds.

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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