Strs Ohio Boosts Holdings in Moelis & Co (NYSE:MC)
Strs Ohio increased its stake in shares of Moelis & Co (NYSE:MC) by 3,666.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,500 shares of the asset manager’s stock after buying an additional 55,000 shares during the period. Strs Ohio owned about 0.09% of Moelis & Co worth $1,760,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MC. Advisors Asset Management Inc. raised its stake in shares of Moelis & Co by 2.9% during the fourth quarter. Advisors Asset Management Inc. now owns 14,210 shares of the asset manager’s stock worth $454,000 after acquiring an additional 404 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Moelis & Co by 16.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,850 shares of the asset manager’s stock worth $123,000 after buying an additional 535 shares during the period. US Bancorp DE increased its stake in shares of Moelis & Co by 10.8% in the first quarter. US Bancorp DE now owns 11,152 shares of the asset manager’s stock worth $313,000 after buying an additional 1,088 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Moelis & Co by 8.2% in the first quarter. BNP Paribas Arbitrage SA now owns 15,938 shares of the asset manager’s stock worth $448,000 after buying an additional 1,214 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Moelis & Co by 5.4% in the first quarter. Royal Bank of Canada now owns 24,377 shares of the asset manager’s stock worth $685,000 after buying an additional 1,254 shares during the period. Institutional investors and hedge funds own 81.95% of the company’s stock.
In other Moelis & Co news, insider Navid Mahmoodzadegan sold 72,632 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $33.47, for a total transaction of $2,430,993.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey Raich sold 20,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $31.03, for a total value of $620,600.00. The disclosure for this sale can be found here. Insiders sold 105,278 shares of company stock worth $3,431,265 over the last ninety days. Corporate insiders own 17.99% of the company’s stock.
NYSE:MC opened at $29.79 on Friday. The stock’s fifty day moving average is $31.74 and its 200 day moving average is $31.86. Moelis & Co has a fifty-two week low of $22.11 and a fifty-two week high of $41.27. The firm has a market capitalization of $1.90 billion, a PE ratio of 20.54 and a beta of 1.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 5.21 and a current ratio of 5.21.
Moelis & Co (NYSE:MC) last issued its quarterly earnings data on Wednesday, July 29th. The asset manager reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). Moelis & Co had a net margin of 10.60% and a return on equity of 27.53%. The company had revenue of $159.90 million for the quarter, compared to the consensus estimate of $146.57 million. During the same period in the previous year, the business earned $0.56 EPS. Moelis & Co’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts forecast that Moelis & Co will post 0.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 10th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, August 7th. Moelis & Co’s dividend payout ratio (DPR) is presently 52.04%.
Moelis & Co Company Profile
Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.
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