Emerald Mutual Fund Advisers Trust Has $430,000 Position in MDC Partners Inc. (MDCA)
Emerald Mutual Fund Advisers Trust raised its position in MDC Partners Inc. (NASDAQ:MDCA) by 66.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,517 shares of the company’s stock after buying an additional 9,414 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in MDC Partners were worth $430,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of MDCA. Falcon Point Capital LLC increased its stake in shares of MDC Partners by 7.7% in the second quarter. Falcon Point Capital LLC now owns 1,343,569 shares of the company’s stock worth $24,574,000 after buying an additional 95,656 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of MDC Partners during the second quarter worth about $2,718,000. Bank of Montreal Can acquired a new stake in shares of MDC Partners during the second quarter worth about $855,000. 1st Global Advisors Inc. increased its stake in shares of MDC Partners by 62.8% in the second quarter. 1st Global Advisors Inc. now owns 14,267 shares of the company’s stock worth $261,000 after buying an additional 5,503 shares during the last quarter. Finally, Palo Capital Inc. acquired a new stake in shares of MDC Partners during the second quarter worth about $718,000.
Shares of MDC Partners Inc. (NASDAQ:MDCA) traded up 2.94% during trading on Monday, hitting $10.87. The stock had a trading volume of 428,708 shares. MDC Partners Inc. has a 12-month low of $10.32 and a 12-month high of $23.90. The firm’s market cap is $581.38 million. The stock has a 50-day moving average of $11.80 and a 200 day moving average of $16.79.
MDC Partners (NASDAQ:MDCA) last released its earnings results on Thursday, July 28th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.13. The company earned $337.05 million during the quarter, compared to analysts’ expectations of $346.02 million. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts predict that MDC Partners Inc. will post $0.89 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. Royal Bank Of Canada assumed coverage on MDC Partners in a research report on Friday. They set a “sector perform” rating and a $12.00 price objective for the company. RBC Capital Markets initiated coverage on MDC Partners in a research report on Thursday. They set a “sector perform” rating and a $12.00 price objective for the company. Wedbush restated an “outperform” rating and set a $20.00 target price on shares of MDC Partners in a report on Friday, September 30th. Zacks Investment Research upgraded MDC Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, September 29th. Finally, Albert Fried & Company restated a “buy” rating and set a $17.00 target price on shares of MDC Partners in a report on Thursday, September 8th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.00.
In other MDC Partners news, CEO Scott L. Kauffman bought 10,000 shares of MDC Partners stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average cost of $13.86 per share, for a total transaction of $138,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.
About MDC Partners
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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