Moelis & Company [MC] Insider Activity: An Update for Investors


Moelis & Company’s recent filing unveils that its Director Shropshire Kenneth unloaded Company’s shares for reported $68144.0 on Aug 10. In the deal valued at $48.09 per share,1,417 shares were sold. As a result of this transaction, Shropshire Kenneth now holds 7,157 shares worth roughly $ 0.32 million.

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Then, CRAIN ELIZABETH sold 5,588 shares, generating $268,559 in total proceeds. Upon selling the shares at $48.06, the Chief Operating Officer now owns 0 shares.

Before that, CRAIN ELIZABETH sold 5,588 shares. Moelis & Company shares valued at $268,783 were divested by the Chief Operating Officer at a price of $48.10 per share. As a result of the transaction, CRAIN ELIZABETH now holds 5,588 shares, worth roughly $0.25 million.

Goldman downgraded its Moelis & Company [MC] rating to a Sell from a a Neutral in a research note published on Tuesday, January 11, 2023; the price target was decreased to $37 from $40. PT values the company’s stock at a premium of -22.57 to its Tuesday closing price.

Price Performance Review of MC

On Tuesday, Moelis & Company [NYSE:MC] saw its stock fall -5.32% to $45.35. On the same session, the stock had its day’s lowest price of $45.32, but rose to a high of $47.48. Over the last five days, the stock has lost -1.52%. Moelis & Company shares have risen nearly 18.19% since the year began. Nevertheless, the stocks have risen 8.86% over the past one year. While a 52-week high of $52.50 was reached on 07/25/23, a 52-week low of $33.12 was recorded on 05/11/23. SMA at 50 days reached $47.17, while 200 days put it at $42.78. A total of 0.73 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For MC Stock

The 24-hour chart illustrates a support level at 44.62, which if violated will result in even more drops to 43.89. On the upside, there is a resistance level at 46.78. A further resistance level may holdings at 48.21. The Relative Strength Index (RSI) on the 14-day chart is 43.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 62.79%. Stochastics %K at 74.21% indicates the stock is a holding.

How much short interest is there in Moelis & Company?

A steep rise in short interest was recorded in Moelis & Company stocks on Aug 14, 2023, dropping by -0.88 million shares to a total of 6.13 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.01 million shares. There was a decline of -14.36%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.33% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.38.

Moelis & Company [MC] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,599,201 shares, or roughly 11.42% of the outstanding MC shares. In other words, the investor’s shares have risen by 1,097,296 from its previous 13-F filing of 6501905.0. Additionally, Kayne Anderson Rudnick Investment increased 3.13% of its stake after which the total value it holdings stand at $353,036,896, while BlackRock Fund Advisors added 24.46% of its stake to hold $276.29 million in the firm. Over the last quarter, Goldman Sachs & Co. LLC purchased 4,526,438 shares of Moelis & Company, while Wasatch Advisors, Inc. bought -274,517 shares. At present, The London Company of Virginia LL is holding 3,421,642 shares valued at $167.08 million. Timucuan Asset Management, Inc. owned 3,068,706 shares of the company at the time of its most recent 13F filing, worth $149.84 million.

According to FactSet, Moelis & Company’s share price will average $41.20 in the next year, based on opinions of analysts polled by the firm. This is down nearly -18.58 percent from its previous closing price of $47.90. Analysts expect Moelis & Company stock to reach the higher price of $56.00, while the lowest price estimate is $29.00. However, 7 analysts have rated MC stock as an Underweight in their predictions for 2023.


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