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UBS Lowers its Price Target on Moelis & Company (MC) to $59 from $74 and Maintains a Neutral Rating
Yahoo Finance· 2026-03-15 17:55
Core Viewpoint - Moelis & Company (NYSE:MC) is identified as one of the most undervalued financial stocks, despite a recent price target reduction by UBS from $74 to $59 while maintaining a Neutral rating [1][4]. Financial Performance - In Q4, Moelis & Company reported an EPS of $1.13, surpassing the consensus estimate of $0.83. Revenue reached $487.9 million, exceeding the consensus of $435.1 million [2]. - CEO Navid Mahmoodzadegan highlighted strong momentum in 2025, attributing it to the firm's robust coverage platform, and expressed confidence in the company's growth and long-term value entering 2026 [2]. Company Operations - Moelis & Company operates as an investment banking advisory firm, providing a range of services including mergers and acquisitions, recapitalizations, restructurings, capital markets transactions, strategic advisory, capital structure advisory, and private capital advisory across various global regions [4].
SPARTAN CAPITAL SECURITIES, LLC SERVES AS EXCLUSIVE PLACEMENT AGENT FOR MULTI WAYS HOLDINGS' $1.485 MILLION SECOND TRANCHE, BRINGING TOTAL REGISTERED DIRECT OFFERING TO $2.97 MILLION
Globenewswire· 2025-10-06 14:00
Core Insights - Spartan Capital Securities, LLC announced the closing of the second tranche of a registered direct offering for Multi Ways Holdings Limited, a leading supplier of heavy construction equipment in Singapore and the surrounding region [1][4]. Group 1: Offering Details - The second tranche consisted of 9,000,000 ordinary shares priced at $0.165 per share, along with warrants to purchase an additional 9,000,000 ordinary shares, resulting in aggregate gross proceeds of $1,485,000 from this tranche [2]. - Combined with the first tranche, the total gross proceeds raised through the offering amount to $2,970,000 [2]. Group 2: Warrant Information - Each warrant is exercisable at $0.198 per share and will remain exercisable for five years from the date of issuance [3]. Group 3: Use of Proceeds - Multi Ways intends to use the net proceeds for working capital and general corporate purposes [3]. Group 4: Company Background - Multi Ways Holdings supplies a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, serving customers across Singapore, Australia, UAE, Maldives, Indonesia, and the Philippines [7].