Tributary Capital Management LLC Has $32.49 Million Stock Position in Moelis & Company (NYSE:MC)

Tributary Capital Management LLC boosted its stake in shares of Moelis & Company (NYSE:MC) by 1.2% during 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 439,778 shares of the asset manager’s stock after purchasing an additional 5,062 shares during the quarter. Moelis & Company comprises 2.5% of Tributary Capital Management LLC’s holdings, making the stock its 3rd largest holding. Tributary Capital Management LLC’s holdings in Moelis & Company were worth $32,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MC. Assenagon Asset Management S.A. purchased a new position in Moelis & Company during the 3rd quarter worth $49,017,000. Pier Capital LLC acquired a new position in shares of Moelis & Company during the third quarter valued at about $8,152,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Moelis & Company during the third quarter valued at about $6,970,000. Natixis Advisors LLC raised its position in shares of Moelis & Company by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock valued at $55,141,000 after purchasing an additional 96,720 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Moelis & Company by 322.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 98,000 shares of the asset manager’s stock worth $6,714,000 after purchasing an additional 74,800 shares in the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Moelis & Company Price Performance

NYSE:MC opened at $78.12 on Friday. The company has a 50 day moving average price of $74.98 and a 200-day moving average price of $69.78. Moelis & Company has a 1-year low of $46.24 and a 1-year high of $81.60. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 147.40 and a beta of 1.39.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $273.58 million. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. The company’s revenue was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Moelis & Company will post 1.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MC has been the topic of a number of recent analyst reports. Morgan Stanley upgraded shares of Moelis & Company from an “underweight” rating to an “overweight” rating and upped their price target for the company from $66.00 to $92.00 in a research note on Monday, December 9th. Keefe, Bruyette & Woods upgraded Moelis & Company from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $71.00 to $86.00 in a research note on Friday, December 20th. Wells Fargo & Company decreased their target price on Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, UBS Group increased their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Moelis & Company has an average rating of “Hold” and an average price target of $70.67.

About Moelis & Company

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.