|Bid||1.8200 x 4000|
|Ask||1.8900 x 800|
|Day's Range||1.7000 - 1.9000|
|52 Week Range||1.6700 - 8.6500|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 7, 2019 - May 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.50|
Moody's Investors Service (Moody's) downgraded MDC Partners Inc.'s (MDC) corporate family rating (CFR) to B3 from B2 and the $900 million senior unsecured note was affirmed at B3. MDC also amended its revolving credit facility and increased the total leverage ratio to 6.25x from 5.5x until it reverts back to 5.5x in Q1 2021 and reduced the size of the revolver to $250 million from $325 million.
Portland-based digital creative agency Instrument is expanding after buying a Brooklyn digital product agency called This Also. The move marks the first official office outside the Rose City for the agency, said CEO Justin Lewis. All 14 members of This Also are joining Instrument.
The New York-based company said it had a loss of $1.46 per share. Losses, adjusted for non-recurring gains, were $1.48 per share. The marketing communications company posted revenue of $393.7 million in ...
NEW YORK, March 15, 2019 /PRNewswire/ -- (MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") announced today that it has entered into an agreement with The Stagwell Group pursuant to which Stagwell, a private equity firm that manages investments in new media and digital marketing services, has invested $100 million in MDC Partners through the purchase of $50 million in MDC Partners common shares and $50 million non-voting convertible preference shares. In connection with the transaction, industry veteran Mark Penn will join MDC Partners as Chief Executive Officer and a member of its Board of Directors.
NEW YORK , March 15, 2019 /PRNewswire/ -- COMPLETION OF CEO SEARCH AND STRATEGIC REVIEW: Mark Penn named CEO of MDC Partners The Stagwell Group invests $100 million in common and preferred stock MDC Partners ...
Stagwell Group, an ad company founded by Mark Penn, agreed to acquire a minority stake in ad-holding company MDC Partners Inc. for $100 million, the companies said Thursday. Mr. Penn, a Madison Avenue veteran and former adviser to Bill and Hillary Clinton, will also join the board of MDC and assume the role of chief executive officer, ending a roughly six-month search to replace Scott Kauffman. The talks between MDC and Stagwell as well as Mr. Penn’s possible appointment were reported by The Wall Street Journal last week.
NEW YORK , March 12, 2019 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") announced today that it will report its results for the three and twelve ...
The embattled ad company has been searching for a buyer and new chief executive since last fall. MDC, which has a market capitalization of $153 million, owns several well-regarded creative agencies including 72andSunny, Anomaly, and Crispin Porter Bogusky.
NEW YORK, March 5, 2019 /PRNewswire/ -- On the occasion of the firm's 30th anniversary, CEO Grace Leong announced to clients and partners that to better reflect its diverse roster of marketing communications services, the leading consumer agency known since 2000 as Hunter Public Relations is updating its brandmark and simplifying its name to Hunter. Founded in 1989, Hunter has grown from a foundation in traditional consumer public relations to a best-in-class firm offering integrated solutions for earning consumer attention, contributing to the highest revenue year in agency history in 2018.
NEW YORK, Feb. 13, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Anyone researching MDC Partners Inc. (NASDAQ:MDCA) might want to consider the historical volatility of the share price. Volatility is considered to be a measure of risk in modern finance theory. Read More...
NEW YORK, Jan. 18, 2019 /PRNewswire/ -- (MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") announced today that the Company has set June 4, 2019 for a combined Annual and Special Meeting of Shareholders. The Board of directors of the Company has determined that, rather than incur the additional expense and disruption that would be associated with holding two shareholder meetings in quick succession, it would be in the best interests of the Company to hold the requisitioned meeting at the same time as the annual meeting takes place in June. The Company also announced that its Board approved the adoption of an advance notice by-law, establishing a framework requiring advance notice for the nomination of directors by shareholders of MDC Partners.
FrontFour Capital Group LLC, a Connecticut hedge fund, has launched an effort to shake up the board of embattled advertising company MDC Partners Inc. The hedge fund, which owns roughly 5.3% of MDC, sent a letter to the ad firm calling for a special meeting of its board to replace three of its eight directors, according to a filing with the Securities and Exchange Commission. In the filing, FrontFour said MDC shares had significantly trailed broader market indices as well as those of other publicly traded advertising holding companies.
Is MDC Partners Inc. (NASDAQ:MDCA) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more resources than the average investor. The funds have access to […]
NEW YORK , Nov. 28, 2018 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") today issued the following statement in response to the filing issued ...
NEW YORK, Nov. 08, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
MDC Partners Inc (NASDAQ:MDCA), which is in the media business, and is based in United States, received a lot of attention from a substantial price increase on the NasdaqGS over Read More...
The New York-based company said it had a loss of 32 cents per share. Earnings, adjusted for asset impairment costs, came to 5 cents per share. The marketing communications company posted revenue of $375.8 ...
NEW YORK , Oct. 29, 2018 /PRNewswire/ -- THIRD QUARTER HIGHLIGHTS: Revenue of $375.8 million versus $375.8 million a year ago; excluding the impact of ASC 606 (see details below), revenue was $384.0 million ...
NEW YORK , Oct. 23, 2018 /PRNewswire/ -- (NASDAQ: MDCA) – MDC Partners Inc. ("MDC Partners" or the "Company") announced today that it will report its results for the three and nine ...