Dean Investment Associates LLC Takes Position in Moelis & Co (MC)

Dean Investment Associates LLC acquired a new stake in Moelis & Co (NYSE:MC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 93,714 shares of the asset manager’s stock, valued at approximately $4,034,000. Dean Investment Associates LLC owned about 0.18% of Moelis & Co as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Ffcm LLC bought a new position in shares of Moelis & Co during the 2nd quarter worth $112,000. BNP Paribas Arbitrage SA grew its position in shares of Moelis & Co by 594.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,978 shares of the asset manager’s stock worth $116,000 after buying an additional 2,549 shares in the last quarter. Advisor Group Inc. bought a new position in shares of Moelis & Co during the 3rd quarter worth $138,000. Great West Life Assurance Co. Can grew its position in shares of Moelis & Co by 69.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,523 shares of the asset manager’s stock worth $152,000 after buying an additional 1,442 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in shares of Moelis & Co during the 2nd quarter worth $144,000. 56.81% of the stock is currently owned by institutional investors.

In related news, CEO Kenneth Moelis sold 9,500 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $42.41, for a total transaction of $402,895.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 80,956 shares of company stock worth $3,451,515. 52.64% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on MC shares. Zacks Investment Research downgraded Moelis & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Morgan Stanley increased their price target on Moelis & Co from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. JMP Securities increased their price target on Moelis & Co from $44.00 to $47.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 26th. Finally, UBS increased their price target on Moelis & Co from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Moelis & Co presently has an average rating of “Buy” and a consensus price target of $45.00.

Shares of Moelis & Co (NYSE:MC) traded down $0.30 during mid-day trading on Thursday, reaching $48.15. The company had a trading volume of 209,600 shares, compared to its average volume of 338,149. Moelis & Co has a 12 month low of $30.70 and a 12 month high of $49.05. The company has a market capitalization of $2,582.00, a P/E ratio of 19.94, a P/E/G ratio of 2.02 and a beta of 1.92.

Moelis & Co (NYSE:MC) last issued its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.15. Moelis & Co had a return on equity of 52.76% and a net margin of 9.62%. The company had revenue of $170.00 million for the quarter, compared to the consensus estimate of $168.51 million. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. equities analysts anticipate that Moelis & Co will post 2.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 6th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Friday, November 3rd. Moelis & Co’s payout ratio is currently 70.81%.

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About Moelis & Co

Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.

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Institutional Ownership by Quarter for Moelis & Co (NYSE:MC)

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