JFB Construction (NASDAQ:JFB) Director David Scott Clukey Sells 2,376 Shares

JFB Construction Holding (NASDAQ:JFB) Director David Scott Clukey sold 2,376 shares of JFB Construction stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $12.62, for a total transaction of $29,985.12. Following the completion of the sale, the director owned 7,624 shares of the company’s stock, valued at $96,214.88. This trade represents a 23.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

David Scott Clukey also recently made the following trade(s):

• On Thursday, January 22nd, David Scott Clukey sold 1,663 shares of JFB Construction stock. The stock was sold at an average price of $18.04, for a total transaction of $30,000.52.

JFB Construction Stock Performance

JFB stock traded up $0.17 during trading on Thursday, reaching $6.49. The company had a trading volume of 125,108 shares, compared to its average volume of 246,765. The business has a 50-day simple moving average of $6.22. The firm has a market cap of $92.22 million and a P/E ratio of -34.16. JFB Construction Holding has a twelve month low of $1.87 and a twelve month high of $17.55.

JFB Construction (NASDAQ:JFB) last released its earnings results on Tuesday, March 31st. The company reported ($0.12) EPS for the quarter. The company had revenue of $12.45 million during 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in JFB. Marshall Wace LLP purchased a new stake in JFB Construction in the 4th quarter worth $604,000. 683 Capital Management LLC purchased a new stake in JFB Construction in the 4th quarter worth $389,000. Yorkville Advisors Global LP purchased a new stake in JFB Construction in the 3rd quarter worth $258,000. Nomura Holdings Inc. purchased a new stake in JFB Construction in the 3rd quarter worth $258,000. Finally, Geode Capital Management LLC increased its holdings in JFB Construction by 21.1% in the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock worth $182,000 after acquiring an additional 2,168 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have commented on JFB shares. Wall Street Zen upgraded shares of JFB Construction from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings restated a “sell (d-)” rating on shares of JFB Construction in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

JFB Construction Company Profile

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. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.