Capital Management Corp VA Increases Stake in Moelis & Company (NYSE:MC)

Capital Management Corp VA lifted its stake in shares of Moelis & Company (NYSE:MC) by 0.3% during the 4th quarter, HoldingsChannel reports. The fund owned 181,088 shares of the asset manager’s stock after acquiring an additional 629 shares during the period. Moelis & Company accounts for 2.4% of Capital Management Corp VA’s portfolio, making the stock its 15th largest position. Capital Management Corp VA’s holdings in Moelis & Company were worth $13,379,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in Moelis & Company by 0.7% in the third 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 during the period. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $69,119,000 after buying an additional 12,632 shares during the period. Natixis Advisors LLC raised its holdings in Moelis & Company by 13.7% in the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock valued at $55,141,000 after buying an additional 96,720 shares during the period. Assenagon Asset Management S.A. raised its holdings in Moelis & Company by 7.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 768,945 shares of the asset manager’s stock valued at $56,810,000 after buying an additional 53,473 shares during the period. Finally, Tributary Capital Management LLC raised its holdings in Moelis & Company by 1.2% in the fourth quarter. Tributary Capital Management LLC now owns 439,778 shares of the asset manager’s stock valued at $32,491,000 after buying an additional 5,062 shares during the period. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Moelis & Company

In other news, General Counsel Osamu R. Watanabe sold 5,661 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $418,914.00. Following the completion of the sale, the general counsel now owns 6,471 shares of the company’s stock, valued at approximately $478,854. This trade represents a 46.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kenneth Moelis sold 9,712 shares of Moelis & Company stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $718,688.00. Following the completion of the transaction, the chief executive officer now directly owns 209,235 shares of the company’s stock, valued at approximately $15,483,390. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,721 shares of company stock valued at $1,677,017. 6.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on MC. StockNews.com lowered shares of Moelis & Company from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Wells Fargo & Company raised their price target on shares of Moelis & Company from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Morgan Stanley raised their price target on shares of Moelis & Company from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of Moelis & Company from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $78.83.

Moelis & Company Stock Down 1.0 %

MC opened at $61.86 on Friday. The firm has a market capitalization of $4.63 billion, a P/E ratio of 35.15 and a beta of 1.43. The firm’s 50 day moving average is $74.35 and its 200-day moving average is $71.94. Moelis & Company has a 52-week low of $46.24 and a 52-week high of $82.89.

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

Moelis & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.20%. This is an increase from Moelis & Company’s previous quarterly dividend of $0.60. Moelis & Company’s dividend payout ratio (DPR) is presently 147.73%.

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.