Orion Portfolio Solutions LLC Has $2.63 Million Position in Moelis & Company (NYSE:MC)

Orion Portfolio Solutions LLC trimmed its position in shares of Moelis & Company (NYSE:MC) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 35,570 shares of the asset manager’s stock after selling 2,467 shares during the period. Orion Portfolio Solutions LLC’s holdings in Moelis & Company were worth $2,628,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in Moelis & Company in the 4th quarter valued at approximately $47,000. Jones Financial Companies Lllp increased its position in Moelis & Company by 148.3% in the 4th quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager’s stock valued at $61,000 after acquiring an additional 491 shares during the period. AlphaQuest LLC bought a new position in shares of Moelis & Company during the fourth quarter valued at $61,000. Smartleaf Asset Management LLC lifted its holdings in shares of Moelis & Company by 368.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,016 shares of the asset manager’s stock worth $75,000 after purchasing an additional 799 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Moelis & Company by 18.1% during the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock worth $87,000 after purchasing an additional 180 shares during the period. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Stock Performance

Shares of MC opened at $58.33 on Wednesday. The firm has a market cap of $4.37 billion, a PE ratio of 33.14 and a beta of 1.43. Moelis & Company has a 52-week low of $46.24 and a 52-week high of $82.89. The business’s 50 day moving average price is $69.36 and its two-hundred day moving average price is $71.38.

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

Moelis & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.60 annualized dividend and a dividend yield of 4.46%. This is a positive change from Moelis & Company’s previous quarterly dividend of $0.60. Moelis & Company’s dividend payout ratio is currently 147.73%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MC shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $92.00 target price (up from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. StockNews.com downgraded Moelis & Company from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a research note on Thursday, February 6th. Morgan Stanley reissued an “underweight” rating and set a $70.00 target price (down previously from $100.00) on shares of Moelis & Company in a research report on Thursday, March 13th. Finally, Wells Fargo & Company boosted their price target on shares of Moelis & Company from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $71.83.

Insider Transactions at Moelis & Company

In related news, General Counsel Osamu R. Watanabe sold 5,661 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was 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 in the company, valued at approximately $478,854. This represents a 46.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christopher Callesano sold 1,282 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $94,868.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 22,721 shares of company stock valued at $1,677,017 in the last 90 days. 6.40% of the stock is currently owned by corporate insiders.

About Moelis & Company

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.