Insider Selling: Moelis & Company (NYSE:MC) CEO Sells 9,500 Shares of Stock

Moelis & Company (NYSE:MC) CEO Kenneth Moelis sold 9,500 shares of the company’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kenneth Moelis also recently made the following trade(s):

  • On Thursday, November 2nd, Kenneth Moelis sold 30,656 shares of Moelis & stock. The shares were sold at an average price of $42.67, for a total transaction of $1,308,091.52.
  • On Tuesday, October 31st, Kenneth Moelis sold 40,800 shares of Moelis & stock. The shares were sold at an average price of $42.66, for a total transaction of $1,740,528.00.

Shares of Moelis & Company (NYSE:MC) opened at $43.50 on Friday. Moelis & Company has a 12-month low of $27.25 and a 12-month high of $45.50. The stock has a market capitalization of $2,317.51, a price-to-earnings ratio of 17.90, a PEG ratio of 1.82 and a beta of 1.87.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Friday, November 3rd. Moelis &’s dividend payout ratio (DPR) is presently 70.81%.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Moelis & Company (NYSE:MC) CEO Sells 9,500 Shares of Stock” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/12/insider-selling-moelis-company-mc-ceo-sells-402895-00-in-stock.html.

A number of brokerages have weighed in on MC. UBS AG increased their price target on shares of Moelis & from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. JMP Securities lifted their price objective on shares of Moelis & from $44.00 to $47.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 26th. Morgan Stanley lifted their price target on shares of Moelis & from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Bank of America Corporation lifted their price objective on shares of Moelis & from $43.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of Moelis & from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Moelis & presently has a consensus rating of “Buy” and a consensus target price of $42.00.

Institutional investors and hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC bought a new position in Moelis & during the first quarter valued at approximately $943,000. Envestnet Asset Management Inc. increased its holdings in shares of Moelis & by 11.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,030 shares of the asset manager’s stock valued at $117,000 after acquiring an additional 315 shares during the period. American International Group Inc. boosted its position in shares of Moelis & by 33.2% in the 1st quarter. American International Group Inc. now owns 14,232 shares of the asset manager’s stock worth $548,000 after purchasing an additional 3,546 shares in the last quarter. Alliancebernstein L.P. lifted its position in Moelis & by 80.7% during the 1st quarter. Alliancebernstein L.P. now owns 40,520 shares of the asset manager’s stock worth $1,560,000 after acquiring an additional 18,100 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Moelis & by 10.5% during the 1st quarter. Principal Financial Group Inc. now owns 278,550 shares of the asset manager’s stock worth $10,724,000 after acquiring an additional 26,538 shares during the period. Institutional investors and hedge funds own 90.80% of the company’s stock.

About Moelis &

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.

Insider Buying and Selling by Quarter for Moelis & (NYSE:MC)

Receive News & Ratings for Moelis & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply