The stock of FBR & Co (NASDAQ:FBRC) hit a new 52-week low and has $10.55 target or 11.00% below today’s $11.85 share price. The 9 months bearish chart indicates high risk for the $82.07 million company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $10.55 price target is reached, the company will be worth $9.03M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 18,357 shares traded hands or 45.77% up from the average. FBR & Co (NASDAQ:FBRC) has declined 35.45% since April 5, 2016 and is downtrending. It has underperformed by 37.40% the S&P500.
According to Zacks Investment Research, “FBR & Co. provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiary FBR Capital Markets & Co. FBR focuses capital and financial expertise on the following industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; healthcare; insurance; real estate; and technology, media & telecom.”
Insitutional Activity: The institutional sentiment increased to 1.59 in 2016 Q2. Its up 0.64, from 0.95 in 2016Q1. The ratio increased, as 7 funds sold all FBR & Co shares owned while 15 reduced positions. 14 funds bought stakes while 21 increased positions. They now own 4.80 million shares or 5.62% more from 4.54 million shares in 2016Q1.
The New York-based Standard General L P has invested 2.98% in FBR & Co (NASDAQ:FBRC). Tudor Investment Et Al has 10,554 shares for 0% of their US portfolio. Moreover, Renaissance Technologies Ltd has 0% invested in FBR & Co (NASDAQ:FBRC) for 18,300 shares. Teachers Advsrs Inc holds 0% of its portfolio in FBR & Co (NASDAQ:FBRC) for 9,883 shares. Manufacturers Life The accumulated 1,956 shares or 0% of the stock. California Pub Employees Retirement owns 50,200 shares or 0% of their US portfolio. Tower Research Ltd Llc (Trc) owns 1,252 shares or 0% of their US portfolio. Northern Tru accumulated 86,992 shares or 0% of the stock. Nwq Investment Lc, a California-based fund reported 727,609 shares. Royal National Bank Of Canada holds 0% or 1,616 shares in its portfolio. Blackrock Investment Mgmt Lc owns 25,580 shares or 0% of their US portfolio. Peak6 Invests L P holds 356,191 shares or 0.04% of its portfolio. National Bank & Trust Of America De has invested 0% of its portfolio in FBR & Co (NASDAQ:FBRC). Kennedy Cap Mgmt Inc has invested 0.05% of its portfolio in FBR & Co (NASDAQ:FBRC). Millennium Ltd has invested 0% of its portfolio in FBR & Co (NASDAQ:FBRC).
Insider Transactions: Since May 25, 2016, the stock had 2 insider buys, and 0 selling transactions for $173,500 net activity. On Wednesday, May 25 the insider Patterson Mark Robert bought $93,500.
Another recent and important FBR & Co (NASDAQ:FBRC) news was published by Reuters.com which published an article titled: “BRIEF-FBR & Co Q3 loss per share $7.88” on November 04, 2016.
FBRC Company Profile
FBR & Co., incorporated on August 29, 2013, is an investment banking and institutional brokerage company. The Firm focuses on the equity capital markets. The Firm operates through two divisions: capital markets, which includes investment banking, institutional brokerage and research, and principal investing. Through its broker-dealer operating subsidiaries, the Company focuses its business on providing: capital raising services, including underwriting and placement of public and private equity, equity-linked and debt securities; financial advisory services, including merger and acquisition (M&A) advisory, restructuring, liability management, recapitalization and strategic alternative analysis; institutional sales and trading services focused on equities, equity-linked securities, listed options, high-yield bonds, senior debt and bank loans, as well as securities lending activities, and differentiated securities research.
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