Insider Buying: JFB Construction (NASDAQ:JFB) CEO Buys $99,061.00 in Stock

JFB Construction Holding (NASDAQ:JFB) CEO Joseph Frank Basile III acquired 5,900 shares of the company’s stock in a transaction on Monday, December 8th. The stock was acquired at an average cost of $16.79 per share, for a total transaction of $99,061.00. Following the completion of the acquisition, the chief executive officer owned 430,900 shares of the company’s stock, valued at $7,234,811. This trade represents a 1.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

JFB Construction Price Performance

JFB traded up $2.18 during midday trading on Tuesday, hitting $19.06. 94,275 shares of the company traded hands, compared to its average volume of 231,782. The stock’s 50 day moving average price is $16.58. JFB Construction Holding has a 52-week low of $3.39 and a 52-week high of $22.45. The stock has a market cap of $181.07 million and a P/E ratio of -51.51.

JFB Construction (NASDAQ:JFB) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $4.98 million for the quarter. JFB Construction had a negative return on equity of 31.22% and a negative net margin of 14.07%.

Institutional Investors Weigh In On JFB Construction

A hedge fund recently bought a new stake in JFB Construction stock. Yorkville Advisors Global LP acquired a new stake in JFB Construction Holding (NASDAQ:JFB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the company’s stock, valued at approximately $258,000. JFB Construction accounts for 0.1% of Yorkville Advisors Global LP’s holdings, making the stock its 21st biggest holding. Yorkville Advisors Global LP owned approximately 0.21% of JFB Construction at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

JFB has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of JFB Construction in a report on Monday. Wall Street Zen upgraded JFB Construction from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, JFB Construction has an average rating of “Sell”.

About JFB Construction

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities.