Juncture Wealth Strategies LLC Purchases 2,399 Shares of Moelis & Company (NYSE:MC)

Juncture Wealth Strategies LLC boosted its position in Moelis & Company (NYSE:MC) by 25.5% in the second quarter, HoldingsChannel.com reports. The firm owned 11,799 shares of the asset manager’s stock after acquiring an additional 2,399 shares during the period. Juncture Wealth Strategies LLC’s holdings in Moelis & Company were worth $535,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Moelis & Company by 1.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,743 shares of the asset manager’s stock valued at $1,066,000 after acquiring an additional 415 shares in the last quarter. Credit Suisse AG boosted its position in Moelis & Company by 1.1% in the first quarter. Credit Suisse AG now owns 54,023 shares of the asset manager’s stock valued at $2,077,000 after buying an additional 584 shares during the last quarter. SG Americas Securities LLC boosted its position in Moelis & Company by 168.0% in the first quarter. SG Americas Securities LLC now owns 17,391 shares of the asset manager’s stock valued at $669,000 after buying an additional 10,903 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Moelis & Company by 3.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,054 shares of the asset manager’s stock valued at $501,000 after buying an additional 456 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its position in Moelis & Company by 12.7% in the fourth quarter. New York Life Investment Management LLC now owns 12,080 shares of the asset manager’s stock valued at $464,000 after buying an additional 1,359 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

Insider Transactions at Moelis & Company

In other Moelis & Company news, Director Kenneth Shropshire sold 1,417 shares of Moelis & Company stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $48.09, for a total transaction of $68,143.53. Following the completion of the sale, the director now owns 7,157 shares of the company’s stock, valued at $344,180.13. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Moelis & Company news, COO Elizabeth Crain sold 5,588 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $48.10, for a total value of $268,782.80. Following the completion of the sale, the chief operating officer now directly owns 5,588 shares in the company, valued at approximately $268,782.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth Shropshire sold 1,417 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $48.09, for a total value of $68,143.53. Following the transaction, the director now directly owns 7,157 shares in the company, valued at $344,180.13. The disclosure for this sale can be found here. Insiders sold a total of 12,593 shares of company stock valued at $605,486 over the last ninety days. 6.96% of the stock is currently owned by insiders.

Moelis & Company Stock Performance

NYSE:MC traded up $0.21 during mid-day trading on Monday, hitting $48.63. The company had a trading volume of 90,671 shares, compared to its average volume of 754,195. The firm has a market cap of $3.46 billion, a P/E ratio of 90.64 and a beta of 1.48. The business’s fifty day moving average is $47.56 and its two-hundred day moving average is $42.73. Moelis & Company has a fifty-two week low of $33.12 and a fifty-two week high of $52.50.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, July 26th. The asset manager reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Moelis & Company had a net margin of 4.62% and a return on equity of 12.45%. The company had revenue of $179.87 million during the quarter, compared to analyst estimates of $187.72 million. During the same period in the prior year, the firm earned $0.57 earnings per share. Moelis & Company’s revenue was down 25.8% on a year-over-year basis. Equities analysts forecast that Moelis & Company will post 0.28 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Monday, August 7th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Friday, August 4th. Moelis & Company’s dividend payout ratio (DPR) is presently 452.84%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TheStreet cut Moelis & Company from a “b-” rating to a “c” rating in a report on Tuesday, May 30th. StockNews.com began coverage on Moelis & Company in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $35.60.

Moelis & Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds.