Tidal Investments LLC Invests $1.29 Million in Moelis & Company (NYSE:MC)

Tidal Investments LLC acquired a new stake in Moelis & Company (NYSE:MC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,824 shares of the asset manager’s stock, valued at approximately $1,290,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC increased its holdings in Moelis & Company by 25.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,214 shares of the asset manager’s stock valued at $917,000 after acquiring an additional 2,463 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in shares of Moelis & Company by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 14,166 shares of the asset manager’s stock worth $971,000 after purchasing an additional 300 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Moelis & Company during the 3rd quarter worth approximately $633,000. Geode Capital Management LLC lifted its stake in Moelis & Company by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,590,316 shares of the asset manager’s stock valued at $108,973,000 after buying an additional 10,698 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in Moelis & Company by 13.6% in the 3rd quarter. MML Investors Services LLC now owns 7,679 shares of the asset manager’s stock valued at $526,000 after buying an additional 921 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MC has been the subject of several recent research reports. Morgan Stanley raised Moelis & Company from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $66.00 to $92.00 in a research report on Monday, December 9th. Wells Fargo & Company lifted their price objective on Moelis & Company from $70.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, UBS Group upped their target price on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $66.50.

Moelis & Company Trading Down 4.6 %

NYSE MC opened at $70.99 on Thursday. The business’s 50-day moving average price is $72.80 and its 200 day moving average price is $66.01. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $81.60. The company has a market capitalization of $5.32 billion, a PE ratio of 133.94 and a beta of 1.37.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The business had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. During the same period in the prior year, the firm posted ($0.15) EPS. The company’s revenue was up .6% on a year-over-year basis. Equities analysts predict that Moelis & Company will post 0.96 EPS for the current year.

Moelis & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.38%. Moelis & Company’s dividend payout ratio (DPR) is presently 452.83%.

Moelis & Company Company Profile

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.