Militia Capital Management LLC acquired a new position in Medpace Holdings, Inc. (NASDAQ:MEDP – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,058 shares of the company’s stock, valued at approximately $3,389,000.
Several other institutional investors have also modified their holdings of MEDP. Steigerwald Gordon & Koch Inc. bought a new position in Medpace during the fourth quarter valued at about $30,000. Elyxium Wealth LLC bought a new stake in Medpace in the fourth quarter worth about $30,000. Quarry LP bought a new stake in Medpace in the third quarter worth about $35,000. Bayban acquired a new stake in Medpace in the 4th quarter valued at about $44,000. Finally, Core Wealth Advisors LLC acquired a new stake in Medpace in the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 77.98% of the company’s stock.
Medpace Trading Down 0.7%
NASDAQ MEDP opened at $528.12 on Thursday. The stock’s 50-day moving average price is $484.63 and its two-hundred day moving average price is $493.49. The company has a market cap of $15.08 billion, a PE ratio of 33.19, a PEG ratio of 2.66 and a beta of 1.15. Medpace Holdings, Inc. has a 1 year low of $373.00 and a 1 year high of $628.92.
Insiders Place Their Bets
In other Medpace news, General Counsel Stephen P. Ewald sold 16,349 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $450.00, for a total transaction of $7,357,050.00. Following the sale, the general counsel directly owned 20,343 shares of the company’s stock, valued at $9,154,350. The trade was a 44.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.50% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Barclays dropped their target price on shares of Medpace from $500.00 to $450.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Medpace in a report on Thursday, July 2nd. Mizuho lifted their price target on shares of Medpace from $495.00 to $586.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. BMO Capital Markets dropped their price target on Medpace from $460.00 to $400.00 and set a “market perform” rating on the stock in a report on Friday, April 24th. Finally, Jefferies Financial Group cut Medpace from a “buy” rating to a “hold” rating and upped their price target for the company from $490.00 to $515.00 in a report on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $473.09.
Read Our Latest Report on Medpace
Medpace Company Profile
Medpace Holdings, Inc (NASDAQ: MEDP) is a global contract research organization (CRO) that provides comprehensive clinical development services to biotechnology, pharmaceutical and medical device companies. The company supports clinical trials across all phases (I–IV), offering end-to-end solutions designed to streamline the development process and accelerate the delivery of new therapies to market.
Medpace’s core service offerings include clinical pharmacology, regulatory affairs consulting, project management, central laboratory services, imaging, data management and biostatistics, pharmacovigilance and medical writing.
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