The COB & CEO of MDC Holdings is Exercising Options


Today it was reported that the COB & CEO of MDC Holdings (NYSE: MDC), Larry Mizel, exercised options to sell 10,000 MDC shares at $25.91 a share, for a total transaction value of $331.5K.

Following Larry Mizel’s last MDC Sell transaction on August 17, 2012, the stock climbed by 5.6%.

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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.

Larry Mizel’s trades have generated a -13.2% 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.

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