|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||37.93 - 38.92|
|52 Week Range||37.47 - 67.65|
|Beta (3Y Monthly)||2.22|
|PE Ratio (TTM)||22.64|
|Earnings Date||Feb 5, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||1.88 (4.86%)|
|1y Target Est||56.13|
Ken Moelis, Moelis & Company chairman and CEO, speaks to CNBC's Andrew Ross Sorkin about his investment strategy and the outlook for M&A activity. Billionaire Ron Baron also weighs in.
Investment bank Moelis & Co said on Monday it has hired an executive from the world's largest index fund manager, BlackRock Inc, as well as a hedge fund professional, for its team advising companies facing activist shareholders. Ted Moon, who had been a principal at Will Mesdag's hedge fund Red Mountain Capital Partners, recently joined Moelis as an executive director in its Los Angeles office, the bank confirmed on Monday.
Deposition Suggests Globalstar Sought to Sway “Fairness Opinion” Prepared by Investment Bankers By John Jannarone As the controlling shareholder of Globalstar, Executive Chairman Jay Monroe is accustomed to getting his way. Did he extend his reach too far with investment bankers in a failed attempt to merge the company with his own assets? The satellite-communications […]
Brazilian construction conglomerate Odebrecht SA is working with local restructuring firm RK Partners to renegotiate a portion of its bank debt, four sources with knowledge of the matter said on Thursday. RK Partners is the second restructuring firm the corruption-ensnared conglomerate has hired recently. Earlier this week, Odebrecht has announced it had hired Moelis & Co and two law firms to restructure $3 billion in bonds issued by its Odebrecht Finance unit.
Brazilian construction conglomerate Odebrecht SA is working with local restructuring firm RK Partners to renegotiate a portion of its banking debt, three sources with knowledge of the matter said on Thursday. RK Partners is the second restructuring firm the corruption-ensnared conglomerate has hired recently. Earlier this week, Odebrecht has announced it had mandated Moelis & Co and two law firms to restructure $3 billion in bonds issued by its Odebrecht Finance unit after missing a deadline to pay $11.5 million in interest due on the debt.
Moelis & Company , a leading global independent investment bank, today announced that Ken Moelis, Chairman and Chief Executive Officer, is scheduled to present at the Goldman Sachs US Financial Services Conference on Wednesday, December 5, 2018 at 10:50 a.m.
Cash-strapped Brazilian construction firm Odebrecht Engenharía e Construção (OEC) is analyzing options to restructure some US$3bn worth of bonds, after it missed a coupon payment this week that has bondholders prepping for significant losses on their investments. OEC, implicated in a multinational corruption scandal that has impacted countries in Latin America and Africa, hired Moelis & Co and law firm Cleary Gottlieb Steen & Hamilton on Monday to study potential restructuring alternatives after the company said it would skip an US$11.5m coupon payment due on a bond maturing in 2025. A spokesperson for Moelis declined to comment, while representatives for Cleary Gottlieb and Odebrecht did not respond to requests for comment before this article was published.
Brazilian conglomerate Odebrecht SA has hired investment bank Moelis & Co. and law firm Cleary Gottlieb Steen & Hamilton to discuss restructuring of its debt with investors, the company said in a statement on Monday. Odebrecht's engineering unit OEC and its advisers will discuss with investors restructuring of $3 billion bonds issued by Odebrecht Finance Limited. The conglomerate decided not to pay $11.5 million in interest on the 2025 bonds after the end of the 30-day grace period, the statement added.
Short interest is extremely low for MC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MC. ETFs that hold MC had net inflows of $2.05 billion over the last one-month.
NEW YORK, Nov. 20, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Odebrecht Engenharia e Construcao (OEC), the construction unit of Brazilian conglomerate Odebrecht SA, is preparing to restructure $3 billion in bonds, newspaper Valor Economico reported on Tuesday. OEC is being advised by Moelis & Co, while bondholders, who have started to form a centralized negotiating bloc, are being advised by Rothschild & Co SCA, the paper reported. In a statement, OEC said it was using a 30-day grace period for an Oct. 25 payment on 2025 bonds to consider its financial options.
Before Ken Moelis founded his own investment bank, he was Donald Trump's banker, he represented Dubai during its debt crisis and counted Steve Wynn as a client so loyal that the casino magnate was among the first to sign on with Moelis & Co. Moelis recently spoke about how the art of the deal has changed — and the big debt problem he thinks will soon hit the market.
Moelis & Company (MC), a leading global independent investment bank and financial advisor to certain non-litigating junior preferred shareholders of Fannie Mae and Freddie Mac, today announced the release of the Blueprint for Restoring Safety and Soundness to the GSEs: One Year Later. The original Safety and Soundness Blueprint laid out the means and process by which to rebuild capital at Fannie and Freddie as shareholder‐owned single‐purpose insurers, refocused on their core conventional mortgage guarantee business, de‐levered, and held to the highest regulatory and capital standards. One year later, on the 10 year anniversary of Fannie and Freddie being placed in conservatorship, the Safety and Soundness Blueprint continues to provide the only mathematically credible, detailed, and achievable path forward for the GSEs.
Dubai's Arabtec Holding has hired New York-based investment bank Moelis & Co to work on a new debt-restructuring plan for the construction company, three sources told Reuters. The move comes little more than a year after Arabtec raised 1.5 billion dirhams ($408.4 million) in a rights issue to wipe out accumulated losses and separately asked banks to waive terms on its debt (https://reut.rs/2PBhYdS). Arabtec, which helped build the Louvre Abu Dhabi, aims to reschedule short-term debt to long-term borrowing, two of the sources told Reuters.
Ilyas & Mustafa Galadari Group (IMG), the Dubai-based operator of the world's largest indoor theme park, has hired Moelis & Co to advise it on a debt-restructuring, four banking sources told Reuters. IMG has been in long-running talks with banks to extend the term and size of a 1.2 billion dirham ($326.7 million) syndicated loan taken in 2014. The loan, led by Abu Dhabi Islamic Bank and including participation from Al Hilal Bank, Commercial Bank International, Noor Bank and Sharjah Islamic Bank , was partly used to build its Worlds of Adventure theme park.
First Sensor, which makes electronic sensors used in industrial, medical and driverless cars, is being prepared for a potential sale by its main owner Deutsche Private Equity (DPE), people close to the matter said. DPE is considering options for First Sensor after receiving interest in the company, in which it first invested in 2011, the sources said.
Short interest is extremely low for MC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MC. The net inflows of $51 million over the last one-month into ETFs that hold MC are among the lowest of the last year and appear to be slowing.
Despite witnessing a rise in revenues in Q3, shares of Moelis & Company (MC) fall. Further, higher operating expenses are an undermining factor.