Inspire Investing LLC Makes New $1.74 Million Investment in Moelis & Company $MC

Inspire Investing LLC acquired a new position in shares of Moelis & Company (NYSE:MC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,605 shares of the asset manager’s stock, valued at approximately $1,744,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Moelis & Company by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 381,458 shares of the asset manager’s stock valued at $26,221,000 after buying an additional 26,800 shares in the last quarter. Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of Moelis & Company by 23.3% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 240,796 shares of the asset manager’s stock worth $17,174,000 after acquiring an additional 45,458 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Moelis & Company during the 3rd quarter valued at about $5,718,000. Natixis Advisors LLC boosted its position in shares of Moelis & Company by 17.3% during the 3rd quarter. Natixis Advisors LLC now owns 918,876 shares of the asset manager’s stock valued at $65,534,000 after acquiring an additional 135,450 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Moelis & Company by 19.3% in the third quarter. Royce & Associates LP now owns 112,011 shares of the asset manager’s stock valued at $7,989,000 after acquiring an additional 18,142 shares during the period. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Stock Up 4.0%

NYSE:MC opened at $65.43 on Wednesday. The firm has a market cap of $5.14 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 0.75 and a beta of 1.85. Moelis & Company has a 12 month low of $51.06 and a 12 month high of $78.22. The company’s 50-day moving average price is $66.53 and its two-hundred day moving average price is $65.92.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09). Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The firm had revenue of $319.78 million for the quarter, compared to analyst estimates of $321.51 million. During the same period in the previous year, the business posted $0.64 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts expect that Moelis & Company will post 3.17 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, May 11th were given a dividend of $0.65 per share. The ex-dividend date was Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a yield of 4.0%. Moelis & Company’s dividend payout ratio is 93.53%.

Analysts Set New Price Targets

Several research firms recently issued reports on MC. UBS Group dropped their price target on shares of Moelis & Company from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Morgan Stanley lowered their price objective on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings cut Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Keefe, Bruyette & Woods cut their target price on Moelis & Company from $80.00 to $64.00 and set a “market perform” rating for the company in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group decreased their price target on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.89.

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. 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.