Foundation Resource Management Inc. lessened its holdings in shares of MFC Bancorp Ltd. (NYSE:MFCB) by 37.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,726 shares of the financial services provider’s stock after selling 69,158 shares during the quarter. Foundation Resource Management Inc.’s holdings in MFC Bancorp were worth $886,000 at the end of the most recent quarter.
Separately, 22NW LP acquired a new position in shares of MFC Bancorp in the 3rd quarter worth approximately $1,167,000. 29.57% of the stock is currently owned by institutional investors and hedge funds.
Separately, Robert W. Baird reiterated a “buy” rating and issued a $201.00 target price on shares of MFC Bancorp in a research report on Thursday, December 7th.
MFC Bancorp Profile
MFC Bancorp Ltd., formerly FC Industrial Ltd., is a finance and supply chain company. The Company facilitates the working capital and other requirements of its customers. Its business activities involve customized structured financial solutions and are supported by captive sources and products secured from third parties.
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