The Zacks: FBR & Co (FBRC) Given Average Recommendation of “Strong Buy” by Brokerages

The Zacks: FBR & Co (FBRC) Given Average Recommendation of “Strong Buy” by Brokerages

Shares of FBR & Co (NASDAQ:FBRC) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price objective of $15.00 for the company and are anticipating that the company will post ($0.44) EPS for the current quarter, according to Zacks. Zacks has also assigned FBR & Co an industry rank of 12 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered FBR & Co from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 9th.

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

Hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors Inc. acquired a new stake in FBR & Co during the second quarter valued at about $148,000. California State Teachers Retirement System acquired a new stake in FBR & Co during the second quarter valued at about $196,000. Nationwide Fund Advisors acquired a new stake in FBR & Co during the second quarter valued at about $204,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in FBR & Co during the third quarter valued at about $240,000. Finally, BlackRock Investment Management LLC raised its stake in FBR & Co by 2,589.8% in the second quarter. BlackRock Investment Management LLC now owns 25,580 shares of the company’s stock valued at $382,000 after buying an additional 24,629 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

FBR & Co (NASDAQ:FBRC) opened at 13.80 on Monday. FBR & Co has a 52-week low of $10.57 and a 52-week high of $20.48. The company’s 50 day moving average price is $13.17 and its 200 day moving average price is $13.66. The company’s market cap is $95.43 million.

About FBR & Co

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