From MarketBeat:

Analysts’ average $42.75 price target for Moelis & Company remains unchanged. Several research analysts have recently weighed in on MC shares, with differing opinions. The stock recently traded up 1.3% at $56.12, with a 52-week low of $33.87 and high of $58.67. However, the firm recently declared a quarterly dividend of $0.60 per share. Insiders and institutional investors have recently been active with trading of MC shares. These movements have been further influenced by the firm’s quarterly earnings results last November, in which it reported ($0.15) earnings per share. At present, Moelis & Company has a 52-week trading range between $33.87 and $58.67.

Moelis & Company operates as an investment banking advisory firm, offering advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, and other corporate finance matters. The firm serves public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds. 91.53% of the stock is currently owned by hedge funds and other institutional investors.



Read more: Moelis & Company (NYSE:MC) Receives Average Rating of “Strong Sell” from Analysts