Fuller & Thaler Asset Management Inc. boosted its position in Moelis & Co (NYSE:MC) by 149.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,100 shares of the asset manager’s stock after acquiring an additional 38,400 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Moelis & Co were worth $3,109,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Advisor Group Inc. bought a new stake in Moelis & Co in the 3rd quarter worth $138,000. Great West Life Assurance Co. Can grew its holdings in Moelis & Co by 69.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,523 shares of the asset manager’s stock worth $152,000 after acquiring an additional 1,442 shares during the last quarter. First Republic Investment Management Inc. bought a new stake in Moelis & Co in the 4th quarter worth $200,000. Cetera Advisors LLC bought a new stake in Moelis & Co in the 4th quarter worth $204,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of Moelis & Co during the 3rd quarter valued at about $204,000. 58.69% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Kenneth Moelis sold 49,116 shares of Moelis & Co stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $50.00, for a total transaction of $2,455,800.00. Following the completion of the transaction, the chief executive officer now directly owns 98,232 shares of the company’s stock, valued at approximately $4,911,600. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Joseph Simon sold 2,528 shares of Moelis & Co stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $50.00, for a total transaction of $126,400.00. Following the transaction, the chief financial officer now directly owns 15,353 shares of the company’s stock, valued at $767,650. The disclosure for this sale can be found here. Insiders have sold a total of 104,925 shares of company stock worth $5,278,445 in the last ninety days. Insiders own 52.64% of the company’s stock.
Shares of Moelis & Co (NYSE:MC) opened at $51.10 on Wednesday. The firm has a market cap of $2,739.21, a PE ratio of 22.44, a PEG ratio of 1.29 and a beta of 1.85. Moelis & Co has a 52 week low of $34.60 and a 52 week high of $54.36.
Moelis & Co (NYSE:MC) last announced its earnings results on Wednesday, February 7th. The asset manager reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The firm had revenue of $169.17 million for the quarter, compared to analyst estimates of $160.22 million. Moelis & Co had a net margin of 4.29% and a return on equity of 48.98%. The company’s revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS. equities analysts predict that Moelis & Co will post 2.73 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.47 per share. This is a positive change from Moelis & Co’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.68%. Moelis & Co’s payout ratio is presently 237.98%.
Moelis & Co Profile
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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