Insider Selling: Moelis & Company (NYSE:MC) Director Sells $129,901.86 in Stock

Moelis & Company (NYSE:MC) Director Kenneth Shropshire sold 1,881 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $69.06, for a total transaction of $129,901.86. Following the transaction, the director directly owned 7,633 shares in the company, valued at approximately $527,134.98. The trade was a 19.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Moelis & Company Trading Down 0.5%

NYSE MC traded down $0.36 during trading on Monday, reaching $68.04. The company’s stock had a trading volume of 465,820 shares, compared to its average volume of 1,065,655. The stock has a market capitalization of $5.33 billion, a PE ratio of 23.71, a PEG ratio of 0.90 and a beta of 1.84. Moelis & Company has a 1-year low of $51.06 and a 1-year high of $78.22. The business has a 50-day moving average price of $67.14 and a 200-day moving average price of $64.37.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, July 29th. The asset manager reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The company had revenue of $409.39 million for the quarter, compared to analyst estimates of $387.27 million. Moelis & Company had a net margin of 14.50% and a return on equity of 39.59%. Moelis & Company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. As a group, analysts expect that Moelis & Company will post 3.09 earnings per share for the current year.

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 10th will be issued a $0.65 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.60 dividend on an annualized basis and a yield of 3.8%. Moelis & Company’s dividend payout ratio is currently 90.59%.

Wall Street Analyst Weigh In

MC has been the topic of several recent research reports. Zacks Research upgraded Moelis & Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Morgan Stanley upped their price target on Moelis & Company from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Keefe, Bruyette & Woods lowered their price objective on Moelis & Company from $69.00 to $66.00 and set a “market perform” rating on the stock in a report on Friday, July 10th. Wall Street Zen raised Moelis & Company from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Moelis & Company in a research note on Friday, August 21st. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $73.62.

Institutional Trading of Moelis & Company

Several large investors have recently modified their holdings of MC. Allied Private Wealth LLC acquired a new position in Moelis & Company in the 2nd quarter valued at $25,000. Hantz Financial Services Inc. lifted its position in Moelis & Company by 64.4% during the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after acquiring an additional 163 shares during the last quarter. Allworth Financial LP boosted its holdings in Moelis & Company by 153.9% during the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 254 shares during the period. Root Financial Partners LLC boosted its holdings in Moelis & Company by 292.2% during the first quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 339 shares during the period. Finally, Quarry LP boosted its holdings in Moelis & Company by 1,811.1% during the third quarter. Quarry LP now owns 516 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 489 shares during the period. 91.53% of the stock is owned by institutional investors.

Moelis & Company Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.