Today it was reported that a Director at MDC Holdings (NYSE: MDC), Michael A. Berman, exercised options to sell 20,000 MDC shares at $32.19 a share, for a total transaction value of $653.4K. The options were close to expired and Michael A. Berman disposed stocks.
In addition to Michael A. Berman, one other MDC executive reported Sell trades in the last month.
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Based on MDC Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $760 million and quarterly net profit of $63.6 million. In comparison, last year the company earned revenue of $658 million and had a net profit of $33.71 million. MDC’s market cap is $1.87B and the company has a P/E ratio of 10.01. Currently, MDC Holdings has an average volume of 330.2K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $40.50, reflecting a 24.1% upside. Seven different firms, including Evercore ISI and J.P. Morgan, currently also have a Sell rating on the stock.
Michael A. Berman’s trades have generated a 15.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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M.D.C. Holdings, Inc. provides homebuilding and financial services. Its homebuilding operations consist of wholly owned subsidiary companies that generally purchase finished lots or develop lots to the extent necessary for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. The company’s financial services operations consist of mortgage loans, insurance coverage, re-insures Allegiant claims; third-party insurance products, and title agency services. M.D.C. Holdings was founded by Larry A. Mizel in 1972 and is headquartered in Denver, CO.
