FBR & Co (FBRC) Trading Up 6.7%
Shares of FBR & Co (NASDAQ:FBRC) were up 6.7% during mid-day trading on Tuesday . The stock traded as high as $16.35 and last traded at $16.34, with a volume of 58,248 shares trading hands. The stock had previously closed at $15.32.
Several analysts recently issued reports on FBRC shares. Zacks Investment Research raised shares of FBR & Co from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 13th. TheStreet raised shares of FBR & Co from a “sell” rating to a “hold” rating in a research note on Tuesday, May 24th.
The firm’s 50 day moving average is $16.93 and its 200-day moving average is $17.88. The stock’s market capitalization is $118.35 million.
FBR & Co (NASDAQ:FBRC) last posted its earnings results on Wednesday, April 27th. The company reported ($0.72) EPS for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.26. The firm had revenue of $23.90 million for the quarter, compared to analyst estimates of $19.87 million. Equities analysts forecast that FBR & Co will post ($0.10) earnings per share for the current year.
In related news, Director Mark Robert Patterson purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The shares were purchased at an average cost of $18.70 per share, with a total value of $93,500.00. Following the completion of the acquisition, the director now directly owns 220,042 shares of the company’s stock, valued at approximately $4,114,785.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
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