Duality Advisers LP Sells 24,967 Shares of Moelis & Company (NYSE:MC)

Duality Advisers LP reduced its stake in shares of Moelis & Company (NYSE:MC) by 84.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,568 shares of the asset manager’s stock after selling 24,967 shares during the quarter. Duality Advisers LP’s holdings in Moelis & Company were worth $256,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Moelis & Company in the third quarter valued at approximately $16,924,000. Northern Trust Corp boosted its stake in Moelis & Company by 32.7% in the third quarter. Northern Trust Corp now owns 927,705 shares of the asset manager’s stock valued at $41,867,000 after acquiring an additional 228,840 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Moelis & Company in the third quarter valued at approximately $6,215,000. Vaughan Nelson Investment Management L.P. boosted its stake in Moelis & Company by 22.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 752,615 shares of the asset manager’s stock valued at $42,244,000 after acquiring an additional 136,235 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Moelis & Company by 56.1% during the third quarter. Barclays PLC now owns 294,010 shares of the asset manager’s stock worth $13,268,000 after purchasing an additional 105,715 shares in the last quarter. 91.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th. UBS Group raised their price objective on shares of Moelis & Company from $45.00 to $47.00 and gave the stock a “sell” rating in a report on Thursday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $54.00 price objective (down from $58.00) on shares of Moelis & Company in a report on Thursday. The Goldman Sachs Group upgraded shares of Moelis & Company from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $53.00 to $58.00 in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Moelis & Company from $46.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, Moelis & Company has a consensus rating of “Hold” and an average price target of $50.80.

Moelis & Company Trading Down 1.0 %

Shares of MC stock opened at $49.75 on Friday. Moelis & Company has a 1 year low of $33.87 and a 1 year high of $58.67. The firm’s fifty day moving average price is $54.07 and its two-hundred day moving average price is $51.54.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.13%. The firm had revenue of $217.49 million for the quarter, compared to analyst estimates of $219.30 million. During the same period in the previous year, the business earned $0.05 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. On average, equities research analysts predict that Moelis & Company will post 1.47 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.40 annualized dividend and a dividend yield of 4.82%. Moelis & Company’s dividend payout ratio is presently -1,263.16%.

Insider Transactions at Moelis & Company

In other news, Vice Chairman Eric Cantor sold 17,857 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $939,278.20. Following the transaction, the insider now directly owns 195,863 shares in the company, valued at approximately $10,302,393.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Christopher Callesano sold 1,040 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $53.59, for a total transaction of $55,733.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Vice Chairman Eric Cantor sold 17,857 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $939,278.20. Following the transaction, the insider now owns 195,863 shares in the company, valued at $10,302,393.80. The disclosure for this sale can be found here. Insiders have sold 375,185 shares of company stock worth $20,130,225 in the last ninety days. Insiders own 6.96% of the company’s stock.

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, as well as strategic, capital structure, and private funds advisory.