Insider Buying: MDC Partners Inc (NASDAQ:MDCA) CEO Purchases $34,500.00 in Stock

MDC Partners Inc (NASDAQ:MDCA) CEO Mark Jeffery Penn acquired 25,000 shares of MDC Partners stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of $1.38 per share, for a total transaction of $34,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NASDAQ:MDCA opened at $1.50 on Thursday. MDC Partners Inc has a 52 week low of $1.02 and a 52 week high of $3.44. The stock’s fifty day moving average is $2.07 and its two-hundred day moving average is $2.52.

MDC Partners (NASDAQ:MDCA) last posted its earnings results on Thursday, February 27th. The business services provider reported ($0.15) EPS for the quarter. The business had revenue of $381.98 million during the quarter.

Separately, ValuEngine upgraded MDC Partners from a “hold” rating to a “buy” rating in a research report on Friday, January 10th.

A number of large investors have recently bought and sold shares of MDCA. Bank of New York Mellon Corp increased its stake in MDC Partners by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 189,548 shares of the business services provider’s stock valued at $526,000 after acquiring an additional 6,696 shares during the period. SG Americas Securities LLC bought a new stake in MDC Partners during the 4th quarter valued at $33,000. Meeder Asset Management Inc. increased its stake in MDC Partners by 559.5% during the 4th quarter. Meeder Asset Management Inc. now owns 15,109 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 12,818 shares in the last quarter. State Street Corp increased its stake in MDC Partners by 1.5% during the 3rd quarter. State Street Corp now owns 937,385 shares of the business services provider’s stock valued at $2,643,000 after purchasing an additional 14,213 shares in the last quarter. Finally, UBS Group AG increased its stake in MDC Partners by 32.7% during the 4th quarter. UBS Group AG now owns 73,692 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 18,179 shares in the last quarter. Institutional investors own 65.14% of the company’s stock.

MDC Partners Company Profile

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.

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Insider Buying and Selling by Quarter for MDC Partners (NASDAQ:MDCA)

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