FBR & Co (FBRC) Insider Acquires $12,730.00 in Stock
FBR & Co (NASDAQ:FBRC) insider Richard J. Hendrix purchased 1,000 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was bought at an average price of $12.73 per share, with a total value of $12,730.00. Following the completion of the transaction, the insider now directly owns 290,709 shares of the company’s stock, valued at $3,700,725.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
FBR & Co (NASDAQ:FBRC) traded down 2.07% during midday trading on Thursday, hitting $11.80. The stock had a trading volume of 711 shares. The stock has a 50-day moving average price of $13.29 and a 200 day moving average price of $15.27. The firm’s market cap is $81.61 billion. FBR & Co has a 12-month low of $10.57 and a 12-month high of $22.37.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Monday, November 14th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.80 dividend on an annualized basis and a yield of 6.64%. FBR & Co’s payout ratio is currently -7.79%.
A number of equities research analysts have recently issued reports on FBRC shares. Zacks Investment Research upgraded FBR & Co from a “strong sell” rating to a “hold” rating in a research report on Monday, September 19th. TheStreet lowered FBR & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th.
Large investors have recently made changes to their positions in the stock. Standard General L.P. increased its stake in shares of FBR & Co by 2.6% in the third quarter. Standard General L.P. now owns 496,383 shares of the company’s stock worth $6,572,000 after buying an additional 12,652 shares during the last quarter. Northern Trust Corp increased its stake in shares of 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 last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of FBR & Co during the third quarter worth approximately $240,000. Boston Partners increased its stake in shares of FBR & Co by 3.3% in the third quarter. Boston Partners now owns 625,655 shares of the company’s stock worth $8,284,000 after buying an additional 19,943 shares during the last quarter. Finally, DIAM Co. Ltd. increased its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 71.89% of the company’s stock.
FBR & Co Company Profile
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