Hudson Bay Capital Management LP Makes New $7.86 Million Investment in Moelis & Company $MC

by · The Markets Daily

Hudson Bay Capital Management LP bought a new position in Moelis & Company (NYSE:MC – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 126,163 shares of the asset manager’s stock, valued at approximately $7,862,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fulton Bank N.A. increased its stake in shares of Moelis & Company by 2.9% during the second quarter. Fulton Bank N.A. now owns 6,581 shares of the asset manager’s stock valued at $410,000 after buying an additional 188 shares during the period. California State Teachers Retirement System lifted its stake in Moelis & Company by 0.3% in the second quarter. California State Teachers Retirement System now owns 69,155 shares of the asset manager’s stock worth $4,310,000 after acquiring an additional 209 shares during the period. Peak Financial Advisors LLC grew its holdings in Moelis & Company by 2.9% during the 2nd quarter. Peak Financial Advisors LLC now owns 8,814 shares of the asset manager’s stock worth $549,000 after acquiring an additional 247 shares in the last quarter. New England Research & Management Inc. grew its holdings in Moelis & Company by 1.7% during the 2nd quarter. New England Research & Management Inc. now owns 15,375 shares of the asset manager’s stock worth $958,000 after acquiring an additional 250 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in Moelis & Company by 0.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 76,913 shares of the asset manager’s stock valued at $4,795,000 after purchasing an additional 262 shares during the period. Institutional investors own 91.53% of the company’s stock.

Moelis & Company Stock Down 0.5%

NYSE:MC opened at $69.43 on Tuesday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 0.74 and a beta of 1.90. Moelis & Company has a 52 week low of $47.00 and a 52 week high of $82.89. The firm has a 50 day moving average of $65.78 and a 200 day moving average of $67.30.

Moelis & Company (NYSE:MC – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The asset manager reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. The business had revenue of $356.89 million for the quarter, compared to analyst estimates of $336.14 million. Moelis & Company had a net margin of 15.98% and a return on equity of 45.62%. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. As a group, analysts expect that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 10th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, November 10th. Moelis & Company’s dividend payout ratio is currently 86.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MC shares. Seaport Res Ptn raised shares of Moelis & Company from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Zacks Research downgraded shares of Moelis & Company from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their target price on Moelis & Company from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft began coverage on Moelis & Company in a report on Thursday, October 9th. They issued a “buy” rating and a $80.00 price target on the stock. Finally, BMO Capital Markets started coverage on Moelis & Company in a research note on Friday, October 3rd. They set a “market perform” rating and a $74.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Moelis & Company presently has a consensus rating of “Hold” and an average price target of $71.38.

View Our Latest Research Report on Moelis & Company

Moelis & Company Company Profile

(Free Report)

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.

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