Revenue Update on FBR & Co(NASDAQ:FBRC)

FBR & Co(NASDAQ:FBRC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 14, 2016. Company reported revenue of $20.89M. Analysts estimated a revenue of $35.82M. Earnings per share were $-1.08. Analysts had estimated an EPS of $0.11.

FBR & Co (FBRC) shares turned negative on Mondays trading session with the shares closing down -0.26 points or -1.62% at a volume of 52,129. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.31. The peak price level was also seen at $16.31 while the days lowest was $15.29. Finally the shares closed at $15.8. The 52-week high of the shares is $24.32 while the 52-week low is $14.54. According to the latest information available, the market cap of the company is $116 M.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Mark Robert Patterson (director) purchased 5,000 shares at $16.00 per share price.Also, On Feb 19, 2016, Richard J Hendrix (CEO) purchased 2,500 shares at $15.87 per share price.On Sep 17, 2015, William Frederick Strome (director) purchased 6,498 shares at $22.19 per share price, according to the Form-4 filing with the securities and exchange commission.

FBR & Co. is an investment banking and institutional brokerage firm. 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 securities lending activities and differentiated securities research. It operates in two segments: capital markets and principal investing. The capital markets business is conducted by its investment banking institutional brokerage and research professionals. The principal investing activity consists of investments in non-registered investment funds merchant banking and equity investments and corporate debt investments.

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