Impact Capital Partners LLC Has $739,000 Stock Holdings in Moelis & Company $MC

Impact Capital Partners LLC trimmed its holdings in shares of Moelis & Company (NYSE:MC) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,853 shares of the asset manager’s stock after selling 404 shares during the quarter. Impact Capital Partners LLC’s holdings in Moelis & Company were worth $739,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fulton Bank N.A. boosted its position in Moelis & Company by 2.9% during the second quarter. Fulton Bank N.A. now owns 6,581 shares of the asset manager’s stock valued at $410,000 after acquiring an additional 188 shares during the last quarter. Peak Financial Advisors LLC raised its position in shares of Moelis & Company by 2.4% in the 1st quarter. Peak Financial Advisors LLC now owns 8,567 shares of the asset manager’s stock worth $500,000 after acquiring an additional 204 shares in the last quarter. Palisades Investment Partners LLC lifted its stake in shares of Moelis & Company by 0.3% in the 1st quarter. Palisades Investment Partners LLC now owns 76,730 shares of the asset manager’s stock valued at $4,478,000 after purchasing an additional 204 shares during the period. Choreo LLC boosted its position in shares of Moelis & Company by 5.1% during the 1st quarter. Choreo LLC now owns 5,075 shares of the asset manager’s stock valued at $296,000 after purchasing an additional 244 shares in the last quarter. Finally, New England Research & Management Inc. boosted its position in shares of Moelis & Company by 1.7% during the 2nd quarter. New England Research & Management Inc. now owns 15,375 shares of the asset manager’s stock valued at $958,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MC. Wells Fargo & Company lifted their target price on Moelis & Company from $50.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Zacks Research raised shares of Moelis & Company from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 18th. Morgan Stanley lifted their price objective on shares of Moelis & Company from $74.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Moelis & Company from $69.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Moelis & Company currently has a consensus rating of “Hold” and an average target price of $69.67.

Insider Transactions at Moelis & Company

In related news, General Counsel Osamu R. Watanabe sold 6,340 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $72.64, for a total value of $460,537.60. Following the sale, the general counsel owned 131 shares in the company, valued at $9,515.84. This represents a 97.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kenneth Shropshire sold 2,615 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $72.52, for a total transaction of $189,639.80. Following the completion of the transaction, the director directly owned 7,109 shares in the company, valued at approximately $515,544.68. The trade was a 26.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.40% of the company’s stock.

Moelis & Company Stock Down 1.3%

Shares of NYSE:MC opened at $71.31 on Wednesday. Moelis & Company has a twelve month low of $47.00 and a twelve month high of $82.89. The stock’s 50 day moving average is $72.25 and its 200-day moving average is $63.32. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 28.07 and a beta of 1.72.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Thursday, July 24th. The asset manager reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.21. Moelis & Company had a net margin of 14.31% and a return on equity of 42.72%. The business had revenue of $365.38 million during the quarter, compared to analyst estimates of $269.57 million. During the same quarter in the previous year, the business posted $0.18 EPS. Moelis & Company’s quarterly revenue was up 38.1% on a year-over-year basis. Equities research analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, August 4th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.60 annualized dividend and a dividend yield of 3.6%. Moelis & Company’s payout ratio is presently 102.36%.

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.