Shares of MDC Partners Inc. (NASDAQ:MDCA) dropped 2.6% during trading on Monday . The stock traded as low as $13.53 and last traded at $13.63, with a volume of 316,043 shares traded. The stock had previously closed at $14.00.

MDCA has been the subject of several recent analyst reports. Zacks Investment Research cut shares of MDC Partners from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Wells Fargo & Co. upgraded shares of MDC Partners from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $26.00 price objective on shares of MDC Partners in a research note on Monday, May 2nd. Jefferies Group reiterated a “buy” rating and issued a $24.00 price objective on shares of MDC Partners in a research note on Thursday, May 5th. Finally, Albert Fried & Company reiterated a “buy” rating and issued a $23.00 price objective on shares of MDC Partners in a research note on Sunday, July 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. MDC Partners presently has an average rating of “Hold” and an average price target of $22.38.

The firm’s 50-day moving average is $17.11 and its 200-day moving average is $19.22. The firm’s market capitalization is $729.54 million.

MDC Partners (NASDAQ:MDCA) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by $0.13. The firm had revenue of $337.05 million for the quarter, compared to analyst estimates of $346.02 million. The business’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. Analysts anticipate that MDC Partners Inc. will post $0.86 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Monday, August 8th.

In related news, CEO Scott L. Kauffman acquired 10,000 shares of MDC Partners stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average price of $13.86 per share, with a total value of $138,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Other large investors have modified their holdings of the company. Rhumbline Advisers increased its stake in shares of MDC Partners by 3.2% in the fourth quarter. Rhumbline Advisers now owns 52,877 shares of the company’s stock worth $1,148,000 after buying an additional 1,625 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of MDC Partners by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 80,537 shares of the company’s stock worth $1,749,000 after buying an additional 1,285 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of MDC Partners by 5.8% in the fourth quarter. New York State Common Retirement Fund now owns 131,892 shares of the company’s stock worth $2,865,000 after buying an additional 7,178 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of MDC Partners by 19.8% in the fourth quarter. Wells Fargo & Company MN now owns 729,868 shares of the company’s stock worth $15,852,000 after buying an additional 120,861 shares during the last quarter.

MDC Partners Inc is a provider of marketing, advertising, activation, communications and strategic consulting solutions. The Company’s segment is Advertising and Communications. It operates through a network of Partner Firms. The Advertising and Communications segment consists of integrated marketing consulting services to Partner Firms that offers advertising, marketing, media, communications solutions, and specialized consumer insights and analytics, including global advertising and marketing services; media buying, planning and optimization; interactive and mobile marketing; direct marketing; public relations; corporate communications; market research; corporate identity and branding services; sales promotion; the design, development, research and implementation of consumer services, and direct marketing services.

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