Zacks Investment Research upgraded shares of FBR & Co (NASDAQ:FBRC) from a strong sell rating to a hold rating in a report released on Monday.

According to Zacks, “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. “

Separately, TheStreet upgraded FBR & Co from a sell rating to a hold rating in a research report on Tuesday, May 24th.

Shares of FBR & Co (NASDAQ:FBRC) opened at 13.51 on Monday. FBR & Co has a 12 month low of $13.09 and a 12 month high of $22.37. The company’s market cap is $93.57 million. The company’s 50-day moving average price is $13.90 and its 200-day moving average price is $16.69.

FBR & Co (NASDAQ:FBRC) last announced its quarterly earnings data 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 had revenue of $20.90 million for the quarter. Equities analysts forecast that FBR & Co will post ($1.45) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, July 29th were issued a $0.20 dividend. The ex-dividend date was Wednesday, July 27th. This represents a $0.80 annualized dividend and a dividend yield of 5.92%. FBR & Co’s dividend payout ratio is presently -28.37%.

Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in FBR & Co by 4.1% in the first quarter. Geode Capital Management LLC now owns 40,479 shares of the company’s stock valued at $732,000 after buying an additional 1,609 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in FBR & Co during the first quarter valued at about $203,000. Bank of New York Mellon Corp increased its stake 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 valued at $465,000 after buying an additional 12,033 shares in the last quarter. California State Teachers Retirement System purchased a new stake in FBR & Co during the second quarter valued at about $196,000. Finally, Emerald Acquisition Ltd. purchased a new stake in FBR & Co during the second quarter valued at about $3,535,000. Hedge funds and other institutional investors own 72.88% of the company’s stock.

About FBR & Co

5 Day Chart for NASDAQ:FBRC

Get a free copy of the Zacks research report on FBR & Co (FBRC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for FBR & Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FBR & Co and related companies with Analyst Ratings Network's FREE daily email newsletter.