Emerald Mutual Fund Advisers Trust Sells 59,647 Shares of Moelis & Company (NYSE:MC)

Emerald Mutual Fund Advisers Trust lowered its position in shares of Moelis & Company (NYSE:MC) by 16.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 301,224 shares of the asset manager’s stock after selling 59,647 shares during the period. Moelis & Company comprises approximately 1.4% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 18th largest holding. Emerald Mutual Fund Advisers Trust owned about 0.40% of Moelis & Company worth $22,254,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Moelis & Company by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,147,315 shares of the asset manager’s stock valued at $601,924,000 after buying an additional 99,766 shares in the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of Moelis & Company during the 4th quarter worth about $86,062,000. Charles Schwab Investment Management Inc. lifted its stake in Moelis & Company by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,552 shares of the asset manager’s stock worth $69,119,000 after acquiring an additional 12,632 shares in the last quarter. Northern Trust Corp raised its stake in Moelis & Company by 4.5% in the fourth quarter. Northern Trust Corp now owns 860,125 shares of the asset manager’s stock valued at $63,546,000 after buying an additional 36,736 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake 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 acquiring an additional 53,473 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price target on Moelis & Company from $55.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group cut their price objective on Moelis & Company from $86.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Morgan Stanley lowered their price target on shares of Moelis & Company from $70.00 to $42.00 and set an “underweight” rating for the company in a research report on Monday, April 7th. StockNews.com downgraded shares of Moelis & Company from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. Finally, JMP Securities restated a “market perform” rating on shares of Moelis & Company in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Moelis & Company has a consensus rating of “Hold” and an average price target of $61.83.

Moelis & Company Stock Up 0.5 %

MC opened at $52.79 on Tuesday. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 29.99 and a beta of 1.53. Moelis & Company has a 12-month low of $47.00 and a 12-month high of $82.89. The business has a 50 day moving average of $58.55 and a 200-day moving average of $68.92.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, April 23rd. The asset manager reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. The business had revenue of $306.59 million for the quarter, compared to analysts’ expectations of $309.67 million. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. The firm’s revenue was up 41.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, analysts expect that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 5th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Monday, May 5th. Moelis & Company’s dividend payout ratio is currently 119.27%.

Insider Transactions at Moelis & Company

In other Moelis & Company news, General Counsel Osamu R. Watanabe sold 5,661 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Callesano sold 1,282 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $94,868.00. Following the transaction, the insider now owns 1,227 shares in the company, valued at $90,798. This trade represents a 51.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,721 shares of company stock valued at $1,677,017. 6.40% of the stock is currently owned by corporate insiders.

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.