279,017 Shares in MDC Partners (MDCA) Acquired by Matarin Capital Management LLC

Matarin Capital Management LLC acquired a new stake in shares of MDC Partners (NASDAQ:MDCA) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 279,017 shares of the business services provider’s stock, valued at approximately $2,009,000. Matarin Capital Management LLC owned approximately 0.48% of MDC Partners as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MDCA. California Public Employees Retirement System boosted its position in MDC Partners by 26.7% during the 3rd quarter. California Public Employees Retirement System now owns 49,292 shares of the business services provider’s stock valued at $542,000 after acquiring an additional 10,392 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in MDC Partners by 28.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 125,688 shares of the business services provider’s stock valued at $1,226,000 after acquiring an additional 27,508 shares in the last quarter. Fox Run Management L.L.C. boosted its position in MDC Partners by 72.8% during the 4th quarter. Fox Run Management L.L.C. now owns 32,825 shares of the business services provider’s stock valued at $320,000 after acquiring an additional 13,825 shares in the last quarter. SG Americas Securities LLC boosted its position in MDC Partners by 106.5% during the 4th quarter. SG Americas Securities LLC now owns 21,070 shares of the business services provider’s stock valued at $205,000 after acquiring an additional 10,867 shares in the last quarter. Finally, Stonebridge Capital Management Inc. boosted its position in MDC Partners by 53.5% during the 4th quarter. Stonebridge Capital Management Inc. now owns 17,225 shares of the business services provider’s stock valued at $162,000 after acquiring an additional 6,000 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of MDCA opened at $4.40 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of -3.37. MDC Partners has a 52 week low of $3.80 and a 52 week high of $12.26. The company has a market capitalization of $260.18 million, a PE ratio of 7.21, a P/E/G ratio of 1.86 and a beta of 1.27.

MDC Partners (NASDAQ:MDCA) last issued its quarterly earnings results on Wednesday, May 9th. The business services provider reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.44). MDC Partners had a negative return on equity of 6.92% and a net margin of 14.91%. The company had revenue of $327.00 million during the quarter, compared to the consensus estimate of $352.73 million. During the same period in the prior year, the firm earned ($0.21) earnings per share. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. analysts forecast that MDC Partners will post 0.39 earnings per share for the current fiscal year.

Several analysts have weighed in on MDCA shares. BidaskClub raised MDC Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, February 9th. Wells Fargo & Co reaffirmed a “hold” rating on shares of MDC Partners in a research report on Friday, February 23rd. BMO Capital Markets reaffirmed a “buy” rating on shares of MDC Partners in a research report on Friday, February 23rd. Royal Bank of Canada set a $12.00 price objective on MDC Partners and gave the company a “hold” rating in a research report on Friday, February 23rd. Finally, ValuEngine cut MDC Partners from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. MDC Partners currently has a consensus rating of “Hold” and a consensus price target of $10.85.

About MDC Partners

MDC Partners Inc provides marketing, advertising, activation, communications, and strategic consulting solutions worldwide. It offers a range of customized services, including global advertising and marketing services; media buying, planning, and optimization; interactive and mobile marketing; direct marketing; database and customer relationship management; sales promotion; corporate communications; market research; data analytics and insights; corporate identity, design, and branding services; social media communications; product and service innovation; e-commerce management; and technology services.

Want to see what other hedge funds are holding MDCA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MDC Partners (NASDAQ:MDCA).

Institutional Ownership by Quarter for MDC Partners (NASDAQ:MDCA)

Receive News & Ratings for MDC Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDC Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply