Standard General buys $6,772,234 stake in FBR & Co (FBRC)

FBR & Co (FBRC) : Standard General scooped up 154,000 additional shares in FBR & Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 483,731 shares of FBR & Co which is valued at $6,772,234.FBR & Co makes up approximately 2.64% of Standard General’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in FBRC in the latest quarter, The investment management firm added 46,781 additional shares and now holds a total of 285,439 shares of FBR & Co which is valued at $3,996,146.Peak6 Investments boosted its stake in FBRC in the latest quarter, The investment management firm added 30,610 additional shares and now holds a total of 356,191 shares of FBR & Co which is valued at $4,986,674. FBR & Co makes up approx 0.30% of Peak6 Investments’s portfolio.Boston Partners boosted its stake in FBRC in the latest quarter, The investment management firm added 74,910 additional shares and now holds a total of 605,712 shares of FBR & Co which is valued at $8,649,567. FBR & Co makes up approx 0.01% of Boston Partners’s portfolio.

FBR & Co closed down -0.49 points or -3.47% at $13.64 with 15,929 shares getting traded on Thursday. Post opening the session at $14.05, the shares hit an intraday low of $13.5601 and an intraday high of $14.28 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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