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Navid Mahmoodzadegan, Co-President and Managing Director at Moelis & Co (NYSE:MC), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Mahmoodzadegan sold 9,406 shares of Class A Common Stock on February 19, 2025, at a price of $74 per share, amounting to a total transaction value of approximately $696,044.
In addition to the stock sale, Mahmoodzadegan acquired 57,008.98 shares of Class A Common Stock through the settlement of Restricted Stock Units (RSUs). This acquisition was part of a non-monetary transaction, as the RSUs were converted into shares at no cost.
The filing also detailed a small transaction involving the disposition of 0.98 shares to cover tax obligations, valued at $72.
Following these transactions, Mahmoodzadegan holds 197,602 shares of Moelis & Co stock.
In other recent news, Moelis & Company reported a significant financial performance for the fourth quarter, with revenues reaching $438.7 million, a 104% increase from the previous year. For the full year 2024, the company’s GAAP revenues were $1,194.5 million, with Adjusted revenues slightly higher at $1,201.5 million, reflecting a 40% rise from the prior year. In line with its strong financial results, Moelis & Company announced an 8% increase in its quarterly dividend to $0.65 per share. Additionally, Keefe, Bruyette & Woods raised its price target for Moelis to $92, maintaining an Outperform rating, as the company’s revenue exceeded expectations by over $100 million.
The firm also granted its CEO, Ken Moelis, a $25 million retention award to ensure leadership continuity, with the units vesting in 2029. On the governance front, Moelis & Company announced the retirement of board member John Allison, concluding his decade-long service. The company did not specify any immediate changes to the board’s composition following his departure. These developments underscore Moelis & Company’s focus on strategic leadership and financial growth.
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