O ROURKE & COMPANY Inc Increases Stake in Moelis & Company (NYSE:MC)

O ROURKE & COMPANY Inc increased its stake in Moelis & Company (NYSE:MC) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,812 shares of the asset manager’s stock after buying an additional 323 shares during the period. O ROURKE & COMPANY Inc’s holdings in Moelis & Company were worth $503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MC. Edgestream Partners L.P. bought a new position in shares of Moelis & Company in the 4th quarter worth approximately $2,784,000. Charles Schwab Investment Management Inc. grew its stake in Moelis & Company by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,552 shares of the asset manager’s stock worth $69,119,000 after purchasing an additional 12,632 shares during the period. Hodges Capital Management Inc. bought a new position in Moelis & Company in the fourth quarter worth $9,149,000. Raymond James Financial Inc. purchased a new position in Moelis & Company during the fourth quarter valued at $27,855,000. Finally, Entropy Technologies LP purchased a new position in Moelis & Company during the fourth quarter valued at $412,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Trading Down 0.5 %

MC stock opened at $50.54 on Friday. The stock’s 50 day simple moving average is $64.25 and its 200 day simple moving average is $70.13. Moelis & Company has a 12-month low of $46.24 and a 12-month high of $82.89. The stock has a market capitalization of $3.79 billion, a PE ratio of 28.71 and a beta of 1.53.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. On average, research analysts predict that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th were paid a $0.65 dividend. The ex-dividend date was Tuesday, February 18th. This is a positive change from Moelis & Company’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.14%. Moelis & Company’s payout ratio is currently 147.73%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MC shares. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their target price on shares of Moelis & Company from $86.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Morgan Stanley dropped their price target on Moelis & Company from $70.00 to $42.00 and set an “underweight” rating on the stock in a research report on Monday, April 7th. StockNews.com lowered Moelis & Company from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Finally, Wells Fargo & Company dropped their target price on Moelis & Company from $63.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $62.50.

Insider Activity

In other Moelis & Company news, Director Kenneth Shropshire sold 2,551 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $72.30, for a total value of $184,437.30. Following the transaction, the director now directly owns 6,940 shares of the company’s stock, valued at approximately $501,762. This trade represents a 26.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Callesano sold 1,282 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total value of $94,868.00. Following the sale, the insider now owns 1,227 shares of the company’s stock, valued at approximately $90,798. This represents a 51.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,721 shares of company stock valued at $1,677,017 over the last three months. Insiders own 6.40% of the company’s stock.

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.