FBR & Co (FBRC) Trading Down 0.7%
Shares of FBR & Co (NASDAQ:FBRC) were down 0.7% during mid-day trading on Friday . The stock traded as low as $14.76 and last traded at $15.27, with a volume of 77,098 shares changing hands. The stock had previously closed at $15.37.
Several analysts recently issued reports on FBRC shares. Zacks Investment Research upgraded shares of FBR & Co from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 13th. TheStreet lowered shares of FBR & Co from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th.
The stock’s 50 day moving average is $17.18 and its 200 day moving average is $17.96. The firm’s market capitalization is $111.62 million.
FBR & Co (NASDAQ:FBRC) last released its quarterly earnings results on Wednesday, April 27th. The company reported ($0.72) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.98) by $0.26. The firm had revenue of $23.90 million for the quarter, compared to analysts’ expectations of $19.87 million. Equities research analysts predict that FBR & Co will post ($0.10) EPS for the current fiscal year.
In other news, Director Mark Robert Patterson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, June 16th. The stock was acquired at an average cost of $16.00 per share, with a total value of $80,000.00. Following the completion of the transaction, the director now owns 225,042 shares in the company, valued at approximately $3,600,672. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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