Forestar Group Inc (NYSE:FOR) insider Donald J. Tomnitz bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average cost of $24.17 per share, for a total transaction of $96,680.00. Following the completion of the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $48,340. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Forestar Group Inc (NYSE FOR) opened at $22.75 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 17.88 and a quick ratio of 17.88. The firm has a market capitalization of $960.40, a price-to-earnings ratio of 12.71 and a beta of 1.84. Forestar Group Inc has a 52-week low of $12.75 and a 52-week high of $26.39.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Luxor Capital Group LP purchased a new position in shares of Forestar Group in the 4th quarter worth $6,174,000. MetLife Investment Advisors LLC purchased a new position in shares of Forestar Group in the 4th quarter worth $121,000. Paloma Partners Management Co purchased a new position in shares of Forestar Group in the 4th quarter worth $706,000. Two Sigma Investments LP raised its position in shares of Forestar Group by 131.9% in the 4th quarter. Two Sigma Investments LP now owns 222,641 shares of the oil and gas exploration company’s stock worth $4,898,000 after buying an additional 126,645 shares during the period. Finally, Jefferies Group LLC raised its position in shares of Forestar Group by 34.1% in the 4th quarter. Jefferies Group LLC now owns 14,900 shares of the oil and gas exploration company’s stock worth $328,000 after buying an additional 3,793 shares during the period. 23.26% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine lowered Forestar Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
TRADEMARK VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/03/17/forestar-group-inc-for-insider-purchases-96680-00-in-stock.html.
Forestar Group Company Profile
Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities.
Receive News & Ratings for Forestar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forestar Group and related companies with MarketBeat.com's FREE daily email newsletter.