Stifel Financial Corp boosted its position in MDC Partners Inc. (NASDAQ:MDCA) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,895 shares of the business services provider’s stock after buying an additional 515 shares during the period. Stifel Financial Corp’s holdings in MDC Partners were worth $131,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in MDC Partners by 0.7% in the first quarter. Wells Fargo & Company MN now owns 2,402,505 shares of the business services provider’s stock worth $22,583,000 after buying an additional 17,452 shares during the last quarter. Rubric Capital Management LP increased its stake in MDC Partners by 218.7% in the first quarter. Rubric Capital Management LP now owns 1,114,400 shares of the business services provider’s stock worth $10,475,000 after buying an additional 764,717 shares during the last quarter. Rice Hall James & Associates LLC increased its stake in MDC Partners by 5.2% in the first quarter. Rice Hall James & Associates LLC now owns 564,211 shares of the business services provider’s stock worth $5,304,000 after buying an additional 27,978 shares during the last quarter. Bank of New York Mellon Corp increased its stake in MDC Partners by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 317,237 shares of the business services provider’s stock worth $2,983,000 after buying an additional 24,894 shares during the last quarter. Finally, Granite Investment Partners LLC purchased a new stake in MDC Partners during the first quarter worth approximately $2,271,000. Institutional investors own 86.30% of the company’s stock.

MDC Partners Inc. (MDCA) traded down 1.03% during trading on Friday, reaching $9.65. The company had a trading volume of 234,310 shares. The firm’s market capitalization is $549.48 million. MDC Partners Inc. has a 12 month low of $2.75 and a 12 month high of $14.36. The stock has a 50 day moving average price of $9.59 and a 200 day moving average price of $8.62.

TRADEMARK VIOLATION NOTICE: “MDC Partners Inc. (NASDAQ:MDCA) Stake Increased by Stifel Financial Corp” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/08/04/mdc-partners-inc-nasdaqmdca-stake-increased-by-stifel-financial-corp-updated-updated-updated.html.

A number of analysts have commented on MDCA shares. BMO Capital Markets reiterated a “buy” rating and set a $15.00 target price on shares of MDC Partners in a research report on Monday, April 17th. Zacks Investment Research upgraded MDC Partners from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 29th. Royal Bank Of Canada set a $10.00 price objective on MDC Partners and gave the company a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC upped their price objective on MDC Partners to $12.00 and gave the company a “buy” rating in a research report on Monday, June 5th. Finally, Wells Fargo & Company restated a “hold” rating on shares of MDC Partners in a research report on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.86.

About MDC Partners

MDC Partners Inc is a provider of global marketing, advertising, activation, communications and strategic consulting solutions. The Company and its subsidiary agencies (Partner Firms) deliver a range of customized services. The Company’s segments include Reportable Segment, All Other and Corporate. The Reportable segment consists of the Company’s integrated advertising, media and public relations service companies.

Institutional Ownership by Quarter for MDC Partners (NASDAQ:MDCA)

Receive News & Stock Ratings for MDC Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MDC Partners Inc. and related stocks with our FREE daily email newsletter.