FBR & Co (NASDAQ:FBRC) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 366,342 shares, a decline of 27.3% from the August 31st total of 504,064 shares. Approximately 6.7% of the shares of the stock are sold short. Based on an average trading volume of 27,082 shares, the short-interest ratio is presently 13.5 days.
FBRC has been the topic of a number of research reports. Zacks Investment Research upgraded 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 firm has a 50 day moving average price of $13.77 and a 200-day moving average price of $16.45. The company’s market cap is $91.70 million.
FBR & Co (NASDAQ:FBRC) last posted its quarterly earnings results on Thursday, July 14th. The company reported ($1.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $1.19. FBR & Co had a negative return on equity of 10.74% and a negative net margin of 23.07%. The company earned $20.90 million during the quarter. Equities research analysts anticipate that FBR & Co will post ($1.45) earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in FBR & Co by 4.1% in the first quarter. Geode Capital Management LLC now owns 40,479 shares of the company’s stock worth $732,000 after buying an additional 1,609 shares during the last quarter. Renaissance Technologies LLC bought a new position in FBR & Co during the first quarter worth approximately $203,000. Bank of New York Mellon Corp raised its position in FBR & Co by 62.9% in the second quarter. Bank of New York Mellon Corp now owns 31,149 shares of the company’s stock worth $465,000 after buying an additional 12,033 shares during the last quarter. California State Teachers Retirement System bought a new position in FBR & Co during the second quarter worth approximately $196,000. Finally, Emerald Acquisition Ltd. bought a new position in FBR & Co during the second quarter worth approximately $3,535,000. 72.88% of the stock is owned by hedge funds and other institutional investors.
About FBR & Co
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