Advisors Capital Management Discloses New Position in M.D.C. Holdings, Inc.

Latest Homebuilder Stocks News

According to a recent Form 13F filing submitted to the SEC, Advisors Capital Management disclosed a noteworthy new position in M.D.C. Holdings, Inc. (NYSE: MDC) stock. Here’s what you need to know about M.D.C. Holdings, Inc., as well as Advisors Capital Management’s position in shares of MDC stock:

Advisors Capital Management

Ridgewood, New Jersey-based Advisors Capital Management, LLC offers custom-tailored investment portfolios and management solutions to keep investors on top of their money. Advisors Capital Management has over $5 billion in discretionary assets under management. You can learn more about Advisors Capital Management on their website here.

Advisors Capital Management’s New Position in MDC Stock

According to the most recent 13F filing from Advisors Capital Management, the institutional investment manager added a meaningful position in M.D.C. Holdings, Inc. (NYSE: MDC), with 215,159 shares, which represents approximately 0.3019% of the 71,264,195 total MDC shares outstanding. Based on MDC’s last closing price of $32.04 per share, Advisors Capital Management’s stake in MDC is worth approximately $6,893,694.36, assuming no change in the position size. If you’re not very familiar with M.D.C. Holdings, Inc., learn more below.

M.D.C. Holdings, Inc. (NYSE: MDC)

M.D.C. Holdings, Inc., through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name. The company conducts its homebuilding operations in Arizona, California, Nevada, New Mexico, Oregon, Texas, Washington, Colorado, Idaho, Utah, Maryland, Pennsylvania, Virginia, Tennessee, and Florida. Its financial services operations comprise originating mortgage loans primarily for homebuyers; providing insurance coverage primarily to its homebuilding subsidiaries and subcontractors for homes sold by its homebuilding subsidiaries, and for work performed in completed subdivisions; acting as a re-insurer on the claims; selling third-party personal property and casualty insurance products to homebuyers; and offering title agency services to homebuilding subsidiaries and customers in Colorado, Florida, Maryland, Nevada, and Virginia. M.D.C. Holdings, Inc. was founded in 1972 and is headquartered in Denver, Colorado.


Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Advisors Capital Management. Also be sure to check out more recent 13F filing analysis news here.


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