Emerald Mutual Fund Advisers Trust Sells 21,058 Shares of Moelis & Company $MC

Emerald Mutual Fund Advisers Trust reduced its holdings in shares of Moelis & Company (NYSE:MC) by 5.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 342,465 shares of the asset manager’s stock after selling 21,058 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Moelis & Company were worth $19,521,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Hantz Financial Services Inc. grew its position in Moelis & Company by 64.4% in the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 163 shares during the last quarter. Wesbanco Bank Inc. lifted its holdings in shares of Moelis & Company by 2.1% in the fourth quarter. Wesbanco Bank Inc. now owns 8,889 shares of the asset manager’s stock worth $611,000 after acquiring an additional 180 shares during the last quarter. GW Henssler & Associates Ltd. lifted its holdings in shares of Moelis & Company by 5.6% in the fourth quarter. GW Henssler & Associates Ltd. now owns 3,433 shares of the asset manager’s stock worth $236,000 after acquiring an additional 181 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Moelis & Company by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,955 shares of the asset manager’s stock valued at $1,165,000 after purchasing an additional 200 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Moelis & Company by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 69,155 shares of the asset manager’s stock valued at $4,310,000 after purchasing an additional 209 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MC has been the subject of a number of research analyst reports. Zacks Research cut shares of Moelis & Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Keefe, Bruyette & Woods cut their target price on shares of Moelis & Company from $69.00 to $66.00 and set a “market perform” rating on the stock in a research report on Friday. UBS Group restated a “sell” rating and issued a $60.00 target price (up from $58.00) on shares of Moelis & Company in a research report on Wednesday, July 8th. Weiss Ratings downgraded shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group lowered their price target on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.38.

Moelis & Company Trading Down 0.0%

Shares of MC stock opened at $63.73 on Tuesday. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 0.77 and a beta of 1.85. The business’s 50-day moving average price is $66.34 and its 200-day moving average price is $65.72. Moelis & Company has a 12 month low of $51.06 and a 12 month high of $78.22.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.09). The firm had revenue of $319.78 million during the quarter, compared to analyst estimates of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. On average, sell-side analysts predict that Moelis & Company will post 3.14 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, May 11th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, May 11th. Moelis & Company’s payout ratio is presently 93.53%.

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.