Moelis & Co Stock Price, News & Analysis

Moelis & Company (NYSE: MC) is strengthening its Private Funds Advisory business with two key appointments. Jeff Hammer and Paul Sanabria will join as Managing Directors in May, bringing over 25 years of experience each in advising financial sponsors and institutional investors.

The new hires, who previously led Manulife Investment Management's GP-led secondaries unit, will work under Matt Wesley, the incoming Global Head of the Private Funds Advisory team. Both executives have extensive experience in GP-led transactions, LP portfolio sales, and liquidity solutions.

This strategic expansion reflects Moelis's commitment to building a premier platform in secondaries and sponsor-led capital solutions. The firm's leadership, including Co-Founders Navid Mahmoodzadegan and Jeff Raich, along with Chairman and CEO Ken Moelis, emphasize this move as part of their strategy to provide high-impact advice in the secondaries advisory space.

Moelis & Company (NYSE:MC) reported strong Q1 2025 financial results with revenues of $306.6 million, up 41% from the prior year. The firm achieved GAAP and Adjusted net income of $0.64 per share, including a $0.28 per share tax benefit.

Key highlights include an Adjusted pre-tax margin of 14.0%, strong balance sheet with $336.3 million in cash and short-term investments, and no debt or goodwill. The company declared a regular quarterly dividend of $0.65 per share.

The revenue increase was driven by growth in M&A and Capital Markets. Operating expenses rose to $269.7 million, with compensation expenses at $211.5 million and non-compensation expenses at $58.1 million. The firm continues its growth strategy, adding two Managing Directors in Europe focusing on Technology and Business Services.

Moelis & Company (NYSE: MC) has scheduled the release of its first quarter 2025 financial results after market close on Wednesday, April 23, 2025. The company will host a conference call at 5:00pm ET the same day, featuring Chairman and CEO Ken Moelis and CFO Chris Callesano, to discuss the results followed by a Q&A session.

Participants can join the live conference call by dialing +1 (888) 300 4150 (domestic) or +1 (646) 970 1530 (international) using access code 8014191. A listen-only webcast will be available through the company's Investor Relations website. A replay will be accessible for one month via telephone after the call.

Moelis & Company (NYSE: MC) has announced the appointment of Christopher Callesano as Chief Financial Officer, effective March 31, 2025. Callesano, who has been with Moelis since 2010, currently serves as Managing Director, Principal Accounting Officer and Corporate Controller. He succeeds Joseph Simon, who is departing after 15 years to join Wachtell, Lipton, Rosen & Katz as CFO.

Callesano brings over 25 years of finance and accounting experience, including previous roles as Senior Managing Director of Financial Reporting and Policy at NASDAQ OMX, Director of Corporate Reporting at Merrill Lynch, and auditor at Ernst & Young. He holds a B.S. in Accounting from Penn State University, an M.B.A. from NYU's Stern School of Business, and is a CPA.

Moelis & Company (NYSE:MC) reported strong financial results for Q4 and full year 2024. Q4 revenues reached $438.7 million, up 104% from the previous year, with GAAP net income of $1.15 per share. Full year 2024 saw GAAP revenues of $1,194.5 million and Adjusted revenues of $1,201.5 million, marking a 40% increase year-over-year.

The company maintained a robust balance sheet with $560.4 million in cash and short-term investments with no debt or goodwill. The Board increased the quarterly dividend by 8% to $0.65 per share. The firm continued its growth strategy, promoting 7 professionals to Managing Director in 2024 and 12 more in early 2025, while also hiring a Global Head of Private Funds Advisory.

The revenue increase was attributed to higher average fees per completed transaction across all products, particularly in M&A. The firm currently has 169 Managing Directors on its platform.

Moelis & Company (NYSE: MC) has appointed Matt Wesley as Global Head of Private Funds Advisory (PFA), marking a significant expansion of its private capital solutions business. Wesley, joining from his position as Global Head of Private Capital Advisory at Jefferies, brings over 20 years of expertise in secondaries and private capital advisory.

The strategic hire aims to grow Moelis's PFA business, focusing on secondary advisory, primary fundraising, and bespoke liquidity solutions. Wesley will work alongside the firm's industry, financial sponsor, and capital markets bankers to enhance client service offerings.

Previously, Wesley held leadership roles at PJT Partners, where he advised on major single-asset continuation vehicle transactions, and at Coller Capital. He began his career at Sullivan & Cromwell, specializing in secondaries, fund formation, and financial institutions M&A.

Moelis & Company (NYSE: MC) has announced it will release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 5, 2025. The company will host a conference call at 5:00pm ET on the same day, featuring Chairman and CEO Ken Moelis and CFO Joe Simon, to review the financial results followed by a Q&A session.

Investors and analysts can participate by dialing +1 (888) 300 4150 (domestic) or +1 (646) 970 1530 (international) using access code 8014191. A listen-only webcast will be available through the company's Investor Relations website. A replay will be accessible for one month via telephone after the live call.

Moelis & Company (NYSE: MC) announced that its Chairman and CEO, Ken Moelis, will present at the Goldman Sachs US Financial Services Conference on Tuesday, December 10th at 1:00 p.m. Eastern Time.

The presentation will be accessible through a live webcast on the company's website's Investor Relations section at www.moelis.com. For those who cannot attend the live session, a replay will remain available on the website for 90 days following the conference.