MDC Partners Inc (NASDAQ:MDCA) insider David Corwin Ross acquired 35,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were bought at an average cost of $1.10 per share, with a total value of $38,500.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of MDCA stock traded up $0.08 during trading hours on Thursday, hitting $1.58. 511 shares of the company were exchanged, compared to its average volume of 247,061. The company has a market capitalization of $87.32 million, a PE ratio of -6.24 and a beta of 0.23. MDC Partners Inc has a 52 week low of $1.02 and a 52 week high of $3.44. The business has a 50 day moving average of $2.07 and a two-hundred day moving average of $2.52.
MDC Partners (NASDAQ:MDCA) last released its earnings results on Thursday, February 27th. The business services provider reported ($0.15) earnings per share for the quarter. The company had revenue of $381.98 million for the quarter.
A number of institutional investors have recently added to or reduced their stakes in MDCA. State Street Corp grew its position in MDC Partners by 1.5% in the third 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. Squarepoint Ops LLC grew its position in MDC Partners by 647.7% in the third quarter. Squarepoint Ops LLC now owns 139,603 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 120,932 shares in the last quarter. California Public Employees Retirement System bought a new position in MDC Partners in the fourth quarter valued at $112,000. SG Americas Securities LLC bought a new position in MDC Partners in the fourth quarter valued at $33,000. Finally, Clear Harbor Asset Management LLC grew its position in MDC Partners by 356.8% in the fourth quarter. Clear Harbor Asset Management LLC now owns 175,202 shares of the business services provider’s stock valued at $487,000 after purchasing an additional 136,850 shares in the last quarter. 65.14% of the stock is owned by institutional investors and hedge funds.
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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