7,029 Shares in Forestar Group Inc. (NYSE:FOR) Purchased by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC bought a new position in Forestar Group Inc. (NYSE:FOR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,029 shares of the oil and gas exploration company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FOR. Point72 DIFC Ltd bought a new position in shares of Forestar Group in the third quarter worth approximately $32,000. Family Firm Inc. purchased a new position in Forestar Group in the 2nd quarter worth approximately $34,000. CWM LLC increased its holdings in shares of Forestar Group by 111.6% in the 2nd quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 559 shares during the last quarter. nVerses Capital LLC raised its position in shares of Forestar Group by 500.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock valued at $39,000 after buying an additional 1,000 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Forestar Group during the 2nd quarter worth $112,000. Hedge funds and other institutional investors own 35.50% of the company’s stock.

Insiders Place Their Bets

In other news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.58, for a total transaction of $65,160.00. Following the transaction, the director now directly owns 5,951 shares of the company’s stock, valued at approximately $193,883.58. This trade represents a 25.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

Forestar Group Stock Down 1.8 %

Shares of NYSE:FOR opened at $27.84 on Friday. The firm has a fifty day moving average of $30.57 and a 200 day moving average of $31.14. Forestar Group Inc. has a 52-week low of $27.35 and a 52-week high of $40.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $1.41 billion, a PE ratio of 6.94 and a beta of 1.72.

Forestar Group (NYSE:FOR) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.31 by $0.29. The firm had revenue of $551.40 million for the quarter, compared to analyst estimates of $503.76 million. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $1.44 EPS. As a group, research analysts anticipate that Forestar Group Inc. will post 3.67 EPS for the current fiscal year.

Forestar Group Company Profile

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.