FBR & Co (FBRC) Sets New 52-Week Low at $13.27
Shares of FBR & Co (NASDAQ:FBRC) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $13.27 and last traded at $13.27, with a volume of 14,254 shares. The stock had previously closed at $13.64.
FBRC has been the topic of a number of research reports. TheStreet downgraded FBR & Co from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th. Zacks Investment Research raised FBR & Co from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 22nd.
The company has a 50-day moving average price of $14.52 and a 200 day moving average price of $16.99. The company’s market capitalization is $91.77 million.
FBR & Co (NASDAQ:FBRC) last issued its earnings results on Thursday, July 14th. The company reported ($1.08) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $1.19. The firm earned $20.90 million during the quarter. On average, equities analysts forecast that FBR & Co will post ($0.10) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, July 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.04%.
In related news, Director Mark Robert Patterson bought 5,000 shares of the stock in a transaction dated Thursday, June 16th. The shares were purchased at an average price of $16.00 per share, for a total transaction of $80,000.00. Following the completion of the purchase, the director now directly owns 225,042 shares of the company’s stock, valued at $3,600,672. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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