Measured Wealth Private Client Group LLC purchased a new stake in shares of Medpace Holdings Inc (NASDAQ:MEDP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,480 shares of the company’s stock, valued at approximately $677,000.
Several other institutional investors and hedge funds have also recently modified their holdings of MEDP. LS Investment Advisors LLC acquired a new position in shares of Medpace during the fourth quarter valued at $46,000. SHANDA ASSET MANAGEMENT HOLDINGS Ltd acquired a new position in shares of Medpace during the fourth quarter valued at $87,000. State of Alaska Department of Revenue acquired a new position in shares of Medpace during the fourth quarter valued at $92,000. NumerixS Investment Technologies Inc acquired a new position in shares of Medpace during the fourth quarter valued at $119,000. Finally, We Are One Seven LLC acquired a new position in Medpace in the fourth quarter valued at about $130,000. 83.50% of the stock is currently owned by institutional investors and hedge funds.
In other Medpace news, CFO Jesse J. Geiger sold 25,037 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.00, for a total value of $1,502,220.00. Following the completion of the sale, the chief financial officer now directly owns 25,037 shares in the company, valued at $1,502,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jesse J. Geiger sold 12,000 shares of the stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $58.20, for a total value of $698,400.00. Following the completion of the sale, the chief financial officer now owns 25,037 shares of the company’s stock, valued at $1,457,153.40. The disclosure for this sale can be found here. Insiders sold 44,983 shares of company stock valued at $2,661,091 over the last 90 days. Corporate insiders own 24.20% of the company’s stock.
NASDAQ:MEDP traded up $1.21 during mid-day trading on Thursday, hitting $56.45. The company had a trading volume of 2,202 shares, compared to its average volume of 621,274. Medpace Holdings Inc has a fifty-two week low of $40.65 and a fifty-two week high of $71.66. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 1.63 and a beta of 1.51. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.09.
Medpace (NASDAQ:MEDP) last announced its quarterly earnings results on Monday, April 29th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.04. Medpace had a return on equity of 17.16% and a net margin of 10.49%. The company had revenue of $200.70 million during the quarter, compared to the consensus estimate of $190.16 million. During the same period in the prior year, the company earned $0.60 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. Sell-side analysts predict that Medpace Holdings Inc will post 2.63 earnings per share for the current year.
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Medpace Holdings, Inc, a clinical contract research organization, provides scientifically-driven outsourced clinical development services to the biotechnology, pharmaceutical, and medical device industries worldwide. The company offers a suite of services supporting the clinical development process from Phase I to Phase IV in a range of therapeutic areas.
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