FBR & Co (NASDAQ:FBRC) – Equities researchers at Barrington Research reduced their FY2016 earnings per share (EPS) estimates for shares of FBR & Co in a note issued to investors on Monday. Barrington Research analyst A. Paris. Jr now expects that the firm will earn ($9.65) per share for the year, down from their prior estimate of ($1.45). Barrington Research also issued estimates for FBR & Co’s Q4 2016 earnings at ($0.44) EPS and FY2017 earnings at $0.04 EPS.

Several other brokerages also recently issued reports on FBRC. Zacks Investment Research downgraded FBR & Co from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 19th. TheStreet downgraded 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 12.45 on Wednesday. The company has a 50-day moving average price of $13.45 and a 200 day moving average price of $15.47. The firm’s market capitalization is $90.56 million. FBR & Co has a 52-week low of $10.57 and a 52-week high of $22.37.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Monday, November 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend is Wednesday, November 9th. FBR & Co’s dividend payout ratio is currently -7.79%.

In other news, insider Richard J. Hendrix bought 2,135 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were acquired at an average cost of $11.89 per share, with a total value of $25,385.15. Following the completion of the transaction, the insider now directly owns 284,778 shares in the company, valued at $3,386,010.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard J. Hendrix bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were purchased at an average cost of $11.13 per share, for a total transaction of $27,825.00. Following the completion of the transaction, the insider now owns 289,709 shares of the company’s stock, valued at $3,224,461.17. The disclosure for this purchase can be found here. 13.90% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in FBRC. Northern Trust Corp increased its stake in FBR & Co by 0.9% in the third quarter. Northern Trust Corp now owns 87,806 shares of the company’s stock worth $1,162,000 after buying an additional 814 shares during the period. Bank of New York Mellon Corp increased its stake in FBR & Co by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 32,149 shares of the company’s stock worth $426,000 after buying an additional 1,000 shares during the period. DIAM Co. Ltd. increased its stake in FBR & Co by 6.3% in the third quarter. DIAM Co. Ltd. now owns 31,400 shares of the company’s stock worth $416,000 after buying an additional 1,850 shares during the period. Parametric Portfolio Associates LLC increased its stake in FBR & Co by 3.4% in the second quarter. Parametric Portfolio Associates LLC now owns 166,710 shares of the company’s stock worth $2,489,000 after buying an additional 5,417 shares during the period. Finally, Teachers Advisors Inc. purchased a new stake in FBR & Co during the second quarter worth $148,000. 72.72% of the stock is currently owned by institutional investors and hedge funds.

FBR & Co Company Profile

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