Insider Buying: Daniel Mudge Purchases 3,000 Shares of ZAIS Financial Corp Stock (ZFC)
ZAIS Financial Corp (NYSE:ZFC) Director Daniel Mudge purchased 3,000 shares of ZAIS Financial Corp stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $18.80 per share, for a total transaction of $56,400.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $112,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ZAIS Financial Corp (NYSE:ZFC) traded up 0.75% during mid-day trading on Thursday, hitting $18.82. 29,429 shares of the company’s stock traded hands. ZAIS Financial Corp has a 52 week low of $15.62 and a 52 week high of $19.15. The stock has a 50-day moving average of $16.65 and a 200-day moving average of $16.71. The company has a market cap of $150.0 million and a price-to-earnings ratio of 4.51.
ZAIS Financial Corp (NYSE:ZFC) last announced its earnings results on Tuesday, August 12th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.05.
A number of research firms have recently commented on ZFC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of ZAIS Financial Corp in a research note on Wednesday, August 13th. They now have a $22.00 price target on the stock, up previously from $20.00. Separately, analysts at Oppenheimer raised their price target on shares of ZAIS Financial Corp from $19.00 to $21.00 in a research note on Wednesday, August 13th. They now have an “outperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of ZAIS Financial Corp from $20.00 to $22.00 in a research note on Wednesday, August 13th. They now have an “outperform” rating on the stock.
ZAIS Financial Corp. is a real estate investment trust (NYSE:ZFC).
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