Moelis & Company (NYSE:MC) Holdings Boosted by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its holdings in Moelis & Company (NYSE:MC) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 439,778 shares of the asset manager’s stock after purchasing an additional 5,062 shares during the quarter. Moelis & Company makes up approximately 2.5% of Tributary Capital Management LLC’s holdings, making the stock its 3rd biggest position. Tributary Capital Management LLC owned 0.59% of Moelis & Company worth $32,491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Reston Wealth Management LLC bought a new stake in Moelis & Company in the third quarter worth $26,000. GAMMA Investing LLC increased its holdings in shares of Moelis & Company by 115.8% in the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock worth $68,000 after buying an additional 534 shares during the last quarter. Blue Trust Inc. raised its position in shares of Moelis & Company by 193.0% during the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock valued at $74,000 after buying an additional 712 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Moelis & Company in the 3rd quarter valued at about $75,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Moelis & Company by 75.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,465 shares of the asset manager’s stock worth $83,000 after acquiring an additional 629 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.

Moelis & Company Stock Performance

Moelis & Company stock opened at $78.12 on Friday. The company has a market capitalization of $5.85 billion, a PE ratio of 147.40 and a beta of 1.39. The company has a 50 day moving average price of $74.98 and a 200-day moving average price of $69.78. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $81.60.

Moelis & Company (NYSE:MC) last issued its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The business had revenue of $273.76 million during the quarter, compared to analyst estimates of $273.58 million. During the same period in the previous year, the company posted ($0.15) EPS. Moelis & Company’s revenue was up .6% on a year-over-year basis. On average, analysts forecast that Moelis & Company will post 1.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods upgraded Moelis & Company from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $71.00 to $86.00 in a research report on Friday, December 20th. Wells Fargo & Company reduced their target price on shares of Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. UBS Group upped their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley raised shares of Moelis & Company from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $66.00 to $92.00 in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Moelis & Company currently has a consensus rating of “Hold” and a consensus price target of $70.67.

About Moelis & Company

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, as well as strategic, capital structure, and private funds advisory.