GSA Capital Partners LLP grew its position in MDC Partners Inc. (NASDAQ:MDCA) by 193.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 269,347 shares of the business services provider’s stock after acquiring an additional 177,476 shares during the quarter. GSA Capital Partners LLP owned about 0.47% of MDC Partners worth $2,667,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Karp Capital Management Corp acquired a new stake in shares of MDC Partners in the first quarter valued at approximately $101,000. Principal Financial Group Inc. acquired a new stake in shares of MDC Partners during the second quarter worth $101,000. 1st Global Advisors Inc. acquired a new stake in shares of MDC Partners during the first quarter worth $119,000. Stifel Financial Corp lifted its holdings in shares of MDC Partners by 3.8% during the first quarter. Stifel Financial Corp now owns 13,895 shares of the business services provider’s stock worth $131,000 after purchasing an additional 515 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of MDC Partners during the second quarter worth $136,000. 83.69% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 price target (up from $10.00) on shares of MDC Partners in a report on Tuesday, August 8th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price target on shares of MDC Partners in a report on Wednesday, September 13th. BidaskClub downgraded MDC Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research raised MDC Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Jefferies Group LLC increased their price target on MDC Partners to $12.00 and gave the stock a “buy” rating in a report on Monday, June 5th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. MDC Partners presently has a consensus rating of “Hold” and a consensus target price of $12.14.
MDC Partners Inc. (NASDAQ MDCA) traded down 1.00% on Wednesday, reaching $9.90. The company’s stock had a trading volume of 82,540 shares. The firm’s market capitalization is $578.56 million. The firm has a 50-day moving average price of $9.96 and a 200 day moving average price of $9.23. MDC Partners Inc. has a 52-week low of $2.75 and a 52-week high of $11.80.
MDC Partners (NASDAQ:MDCA) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). MDC Partners had a negative net margin of 1.70% and a negative return on equity of 5.72%. The company had revenue of $390.53 million for the quarter, compared to analyst estimates of $368.74 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts anticipate that MDC Partners Inc. will post $0.31 earnings per share for the current fiscal year.
About MDC Partners
MDC Partners Inc is a provider of global marketing, advertising, activation, communications and strategic consulting solutions. The Company and its subsidiary agencies (Partner Firms) deliver a range of customized services. The Company’s segments include Reportable Segment, All Other and Corporate. The Reportable segment consists of the Company’s integrated advertising, media and public relations service companies.
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