Desiree G. Rogers Acquires 23,820 Shares of MDC Partners Inc (NASDAQ:MDCA) Stock

MDC Partners Inc (NASDAQ:MDCA) Director Desiree G. Rogers bought 23,820 shares of MDC Partners stock in a transaction on Thursday, March 28th. The shares were acquired at an average cost of $2.17 per share, for a total transaction of $51,689.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:MDCA traded down $0.07 during trading on Friday, reaching $2.09. The stock had a trading volume of 156,567 shares, compared to its average volume of 622,340. MDC Partners Inc has a 52 week low of $1.65 and a 52 week high of $8.65.

MDC Partners (NASDAQ:MDCA) last announced its earnings results on Friday, March 15th. The business services provider reported ($1.48) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($1.79). MDC Partners had a negative return on equity of 0.82% and a negative net margin of 8.54%. The firm had revenue of $393.60 million for the quarter, compared to the consensus estimate of $394.10 million. During the same period in the prior year, the business earned $0.22 EPS. MDC Partners’s quarterly revenue was down 2.3% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its stake in MDC Partners by 8.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 61,997 shares of the business services provider’s stock worth $162,000 after buying an additional 4,826 shares during the last quarter. Lorber David A raised its stake in MDC Partners by 12.6% during the fourth quarter. Lorber David A now owns 54,371 shares of the business services provider’s stock worth $142,000 after buying an additional 6,103 shares during the last quarter. Brown Advisory Inc. raised its stake in MDC Partners by 5.9% during the fourth quarter. Brown Advisory Inc. now owns 117,120 shares of the business services provider’s stock worth $306,000 after buying an additional 6,540 shares during the last quarter. Meeder Asset Management Inc. raised its stake in MDC Partners by 540.9% during the fourth quarter. Meeder Asset Management Inc. now owns 15,624 shares of the business services provider’s stock worth $40,000 after buying an additional 13,186 shares during the last quarter. Finally, RBF Capital LLC bought a new position in MDC Partners during the fourth quarter worth $37,000. 86.69% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of MDC Partners from a “buy” rating to a “hold” rating in a report on Monday, February 4th. BMO Capital Markets lowered shares of MDC Partners from an “outperform” rating to a “market perform” rating and set a $2.53 target price on the stock. in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.27.

COPYRIGHT VIOLATION NOTICE: “Desiree G. Rogers Acquires 23,820 Shares of MDC Partners Inc (NASDAQ:MDCA) Stock” was published by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/mdc-partners-inc-mdca-director-desiree-g-rogers-acquires-23820-shares.html.

About MDC Partners

MDC Partners, Inc engages in the provision of marketing, advertising, activation, communications and strategic consulting solutions. It operates through the following business segments: Global Integrated Agencies, Domestic Creative Agencies, Specialist Communications, Media Services, All Other, and Corporate.

Recommended Story: Understanding Analyst Ratings

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.