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Tuesday, June 6, 2023

Momentum Is Strong For Moelis & Company (NYSE: MC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Moelis & Company (MC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.06%, to $35.00. The Moelis & Company has recorded 19,918 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Moelis & Company Reports First Quarter 2023 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per Share.

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Stocks Info

This NYSE-listed company operates within the Capital Markets industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $34.98 and fluctuated between $36.53 as its day high and $34.89 as its day low. The current market capitalization of Moelis & Company is $2.53B. A total of 0.61 million shares were traded on the day, compared to an average of 649.09K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MC has seen 29 BUY and 23 SELL insider trades, representing the acquisition of 487,133 and the disposition of 489,056 shares. Over the last 12 months, there were 66 BUYs and 39 SELLs from insiders. Insiders purchased 501,389 shares during that period but sold 905,058.

In the most recent transaction, MAHMOODZADEGAN NAVID sold 23,323 shares of MC for 43.05 per share on Mar 03. After the transaction, the Co-President, MD now owns 99,860 company shares. In a previous transaction on Mar 01, MAHMOODZADEGAN NAVID sold 54,009 shares at 43.13 per share. MC shares that Co-President, MD owns now total 123,183.

Among the insiders who sold shares, MAHMOODZADEGAN NAVID disposed of 52,209 shares on Feb 28 at a per-share price of $43.22. This resulted in the Co-President, MD holding 177,192 shares of MC after the transaction. In another insider transaction, WATANABE OSAMU R. sold 6,130 shares at $42.99 per share on Feb 27. Company shares held by the General Counsel, Secretary now total 131.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Moelis & Company pays an annual dividend of $2.40, resulting in a dividend yield of 6.86%, and it has a price to earnings (P/E) ratio of 27.76. MC’s most recent ex-dividend date was 5/5/2023 when it declared a $0.60 quarterly dividend that was paid in cash on 6/23/2023. Previously, the company paid the dividend on 3/28/2023 with an ex-dividend date of 2/17/2023. The MC stock dividend was $0.60 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MC in the last 3 months, the mean price target is $32.17 with high estimates of $38.00 and low estimates of $27.00. In terms of 52-week highs and lows, MC has a high of $50.23 and a low of $33.12.

As of this writing, MC has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.31 per share and a lower estimate of $0.02.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MC’s latest balance sheet shows that the firm has $520.21M in Cash & Short Term Investments as of fiscal 2021. There were $191.89M in debt and $885.49M in liabilities at the time. Its Book Value Per Share was $6.14, while its Total Shareholder’s Equity was $478.30M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MC is Buy with a score of 1.83.

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