Falcon Point Capital Llc increased its stake in Mdc Partners Inc. (NASDAQ:MDCA) by 28.27% based on its latest 2016Q2 regulatory filing with the SEC. Falcon Point Capital Llc bought 275,041 shares as the company’s stock rose 12.81% with the market. The institutional investor held 1.25 million shares of the advertising company at the end of 2016Q2, valued at $29.45M, up from 972,872 at the end of the previous reported quarter. Falcon Point Capital Llc who had been investing in Mdc Partners Inc. for a number of months, seems to be bullish on the $651.39M market cap company. The stock is down 1.14% or $0.14 hitting $12.09, despite the positive news. About 115,503 shares traded hands. MDC Partners Inc (NASDAQ:MDCA) has declined 27.46% since February 8, 2016 and is downtrending. It has underperformed by 43.95% the S&P500.
Falcon Point Capital Llc is a California-based institutional investor with more than $364.50 million AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Falcon Point Capital latest Adv, the fund reported to have 7 full and part-time employees. Among which 4 performing investment advisory and research functions. The institutional investor had between 11-25 clients.
The institutional sentiment decreased to 1.46 in Q2 2016. Its down 0.24, from 1.7 in 2016Q1. The ratio turned negative, as 24 funds sold all MDCA shares owned while 32 reduced positions. 25 funds bought stakes while 57 increased positions. They now own 53.98 million shares or 1.34% more from 53.26 million shares in 2016Q1.
Cardinal Capital Management Llc Ct holds 2.67% of its portfolio in MDCA for 2.95 million shares. Concourse Capital Management Llc owns 216,306 shares or 2.46% of their US portfolio. Moreover, Elk Creek Partners Llc has 2.3% invested in the company for 1.73 million shares. The Illinois-based Skyline Asset Management Lp has invested 1.66% in the stock. Gmt Capital Corp, a Georgia-based fund reported 3.17 million shares.
Out of 3 analysts covering Mdc Partners Inc (NASDAQ:MDCA), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Mdc Partners Inc has been the topic of 5 analyst reports since October 29, 2015 according to StockzIntelligence Inc. Wells Fargo upgraded the stock on April 14 to “Outperform” rating.
MDC Partners Inc. is a provider of marketing, advertising, activation, communications and strategic consulting solutions. The company has a market cap of $651.39 million. The Company’s segment is Advertising and Communications. It currently has negative earnings. It operates through a network of Partner Firms.
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