Today it was reported that the COB & CEO of MDC Holdings (NYSE: MDC), Larry Mizel, exercised options to sell 20,000 MDC shares at $32.62 a share, for a total transaction value of $652.4K.
In addition to Larry Mizel, 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 $1.84B and the company has a P/E ratio of 9.88. Currently, MDC Holdings has an average volume of 273.2K.
The insider sentiment on MDC Holdings has been negative according to 23 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
