MDC Partners Inc. (NASDAQ:MDCA) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 5,102,626 shares, a drop of 29.0% from the October 31st total of 7,186,612 shares. Approximately 9.8% of the shares of the company are short sold. Based on an average daily trading volume, of 4,668,396 shares, the days-to-cover ratio is currently 1.1 days.

MDCA has been the topic of several analyst reports. Albert Fried & Company restated a “buy” rating and set a $17.00 price target on shares of MDC Partners in a research report on Thursday, September 8th. Jefferies Group restated a “hold” rating on shares of MDC Partners in a research report on Monday, August 29th. Zacks Investment Research lowered shares of MDC Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Wells Fargo & Co. lowered shares of MDC Partners from an “outperform” rating to a “market perform” rating in a research report on Friday, November 4th. Finally, BMO Capital Markets lowered shares of MDC Partners from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $23.00 to $5.00 in a research report on Friday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. MDC Partners has a consensus rating of “Hold” and a consensus target price of $13.95.

In other news, CEO Scott L. Kauffman purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $2.92 per share, for a total transaction of $73,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mitchell Gendel purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The shares were purchased at an average price of $3.10 per share, for a total transaction of $31,000.00. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Brown Advisory Inc. increased its stake in MDC Partners by 2.3% in the second quarter. Brown Advisory Inc. now owns 14,215 shares of the company’s stock valued at $260,000 after buying an additional 320 shares during the period. BlackRock Inc. increased its stake in MDC Partners by 4.1% in the third quarter. BlackRock Inc. now owns 11,696 shares of the company’s stock valued at $126,000 after buying an additional 464 shares during the period. Independent Portfolio Consultants Inc. increased its stake in MDC Partners by 9.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 9,215 shares of the company’s stock valued at $169,000 after buying an additional 785 shares during the period. Principal Financial Group Inc. increased its stake in MDC Partners by 6.7% in the second quarter. Principal Financial Group Inc. now owns 12,616 shares of the company’s stock valued at $231,000 after buying an additional 788 shares during the period. Finally, Legal & General Group Plc increased its stake in MDC Partners by 16.2% in the second quarter. Legal & General Group Plc now owns 6,875 shares of the company’s stock valued at $124,000 after buying an additional 959 shares during the period.

MDC Partners (NASDAQ:MDCA) opened at 6.00 on Monday. The stock’s market capitalization is $324.40 million. The stock has a 50 day moving average of $7.75 and a 200 day moving average of $13.32. MDC Partners has a 1-year low of $2.75 and a 1-year high of $23.90.

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MDC Partners Company Profile

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.

5 Day Chart for NASDAQ:MDCA

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