FBR & Co (FBRC) Short Interest Down 27.3% in September
FBR & Co (NASDAQ:FBRC) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 366,342 shares, a drop of 27.3% from the August 31st total of 504,064 shares. Currently, 6.7% of the company’s stock are short sold. Based on an average daily volume of 27,082 shares, the days-to-cover ratio is presently 13.5 days.
A number of large investors have recently modified their holdings of the company. Teachers Advisors Inc. purchased a new stake in shares of FBR & Co during the second quarter worth $148,000. California State Teachers Retirement System purchased a new stake in shares of FBR & Co during the second quarter worth $196,000. Renaissance Technologies LLC purchased a new stake in shares of FBR & Co during the first quarter worth $203,000. Nationwide Fund Advisors purchased a new stake in shares of FBR & Co during the second quarter worth $204,000. Finally, BlackRock Investment Management LLC raised its stake in shares of FBR & Co by 2,589.8% in the second quarter. BlackRock Investment Management LLC now owns 25,580 shares of the company’s stock worth $382,000 after buying an additional 24,629 shares in the last quarter. Institutional investors and hedge funds own 72.88% of the company’s stock.
FBRC has been the topic of a number of research analyst reports. Zacks Investment Research raised FBR & Co from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. TheStreet lowered FBR & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th.
Shares of FBR & Co (NASDAQ:FBRC) opened at 13.24 on Friday. FBR & Co has a 52-week low of $13.03 and a 52-week high of $22.37. The stock’s 50 day moving average price is $13.77 and its 200-day moving average price is $16.45. The firm’s market cap is $91.70 million.
FBR & Co (NASDAQ:FBRC) last issued its quarterly earnings data on Thursday, July 14th. The company reported ($1.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $1.19. The firm had revenue of $20.90 million for the quarter. FBR & Co had a negative return on equity of 10.74% and a negative net margin of 23.07%. On average, analysts forecast that FBR & Co will post ($1.45) EPS for the current year.
About FBR & Co
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