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. The stock was recently discussed on Yahoo Finance as it revealed that Moelis & Company Reports Fourth Quarter and Full Year 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 $55.57 and fluctuated between $55.67 as its day high and $54.57 as its day low. The current market capitalization of Moelis & Co is $3.70B. A total of 0.57 million shares were traded on the day, compared to an average of 632.13K shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, MC has seen 12 BUY and 0 SELL insider trades, representing the acquisition of 158 and the disposition of 0 shares. Over the last 12 months, there were 71 BUYs and 16 SELLs from insiders. Insiders purchased 82,372 shares during that period but sold 273,507.
In the most recent transaction, MAHMOODZADEGAN NAVID sold 20,311 shares of MC for 54.68 per share on Feb 21. After the transaction, the Co-President, MD now owns 33,906 company shares. In a previous transaction on Feb 20, MAHMOODZADEGAN NAVID sold 25,642 shares at 55.29 per share. MC shares that Co-President, MD owns now total 54,217.
Among the insiders who sold shares, MAHMOODZADEGAN NAVID disposed of 20,001 shares on Feb 16 at a per-share price of $55.82. This resulted in the Co-President, MD holding 79,859 shares of MC after the transaction. In another insider transaction, SIMON JOSEPH sold 10,720 shares at $54.70 per share on Feb 09. Company shares held by the Chief Financial Officer now total 0.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. MC’s most recent ex-dividend date was 2/16/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/22/2023 with an ex-dividend date of 11/10/2023. 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 $52.67 with high estimates of $58.00 and low estimates of $46.00. In terms of 52-week highs and lows, MC has a high of $58.67 and a low of $33.87.
As of this writing, MC has an earnings estimate of $0.04 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.24 per share and a lower estimate of -$0.09. The company reported an EPS of -$0.15 in the last quarter, which was -600.00% lower than expectations of $0.03.
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 $5.51, 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 2.17.
