Insider Selling: FTI Consulting, Inc. (FCN) Insider Sells 6,351 Shares of Stock

FTI Consulting, Inc. (NYSE:FCN) insider Paul Alderman Linton sold 6,351 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $69.52, for a total transaction of $441,521.52. Following the transaction, the insider now directly owns 21,977 shares of the company’s stock, valued at approximately $1,527,841.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of FCN stock traded up $0.15 during trading hours on Thursday, hitting $67.11. 4,614 shares of the company’s stock traded hands, compared to its average volume of 308,771. The company has a market capitalization of $2.57 billion, a P/E ratio of 28.85 and a beta of 0.03. FTI Consulting, Inc. has a 12 month low of $39.57 and a 12 month high of $81.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.64 and a current ratio of 1.64.

FTI Consulting (NYSE:FCN) last released its quarterly earnings results on Thursday, October 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.42. The firm had revenue of $513.01 million during the quarter, compared to the consensus estimate of $471.78 million. FTI Consulting had a net margin of 9.73% and a return on equity of 11.91%. As a group, sell-side analysts forecast that FTI Consulting, Inc. will post 3.75 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Financial Enhancement Group LLC bought a new position in shares of FTI Consulting during the second quarter valued at $104,000. Tower Research Capital LLC TRC bought a new position in FTI Consulting during the second quarter worth $140,000. Cornerstone Wealth Management LLC bought a new position in FTI Consulting during the second quarter worth $182,000. Itau Unibanco Holding S.A. bought a new position in FTI Consulting during the second quarter worth $183,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in FTI Consulting during the second quarter worth $210,000. 98.22% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on FCN shares. Zacks Investment Research downgraded shares of FTI Consulting from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine downgraded shares of FTI Consulting from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st.

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FTI Consulting Company Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.

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