In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Mdc Partners Inc. (NASDAQ:MDCA) reported that Goldman Sachs Group Inc has picked up 9,539,471 of common stock as of 2017-03-15.
The acquisition brings the aggregate amount owned by Goldman Sachs Group Inc. to a total of 9,539,471 representing a 14.72% stake in the company. .
For those not familiar with the company, 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. In addition, certain firms also provide consumer activation services, investor relation services and/or general public insights.
A glance at Mdc Partners Inc. (NASDAQ:MDCA)’s key stats reveals a current market capitalization of 492.34 Million based on 55.30 Million shares outstanding and a price at last close of $8.80 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-01, Ross picked up 5,000 at a purchase price of $8.65. This brings their total holding to 135,000 as of the date of the filing.
On the sell side, the most recent transaction saw Nadal unload 1,842,000 shares at a sale price of $20.50. This brings their total holding to 3,820,043.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Mdc Partners Inc. (NASDAQ:MDCA) as things move forward to see if its progress aligns with these transactions.
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