Donald J. Tomnitz Acquires 3,915 Shares of Forestar Group Inc. (FOR) Stock

Forestar Group Inc. (NYSE:FOR) Chairman Donald J. Tomnitz purchased 3,915 shares of Forestar Group stock in a transaction dated Tuesday, November 27th. The shares were acquired at an average cost of $16.15 per share, with a total value of $63,227.25. Following the transaction, the chairman now directly owns 18,706 shares in the company, valued at $302,101.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NYSE FOR opened at $16.04 on Friday. Forestar Group Inc. has a 52 week low of $13.94 and a 52 week high of $26.39. The company has a current ratio of 16.56, a quick ratio of 16.56 and a debt-to-equity ratio of 0.18.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Forestar Group by 6.7% during the 2nd quarter. BlackRock Inc. now owns 749,444 shares of the oil and gas exploration company’s stock valued at $15,551,000 after purchasing an additional 47,195 shares during the last quarter. Strs Ohio increased its position in shares of Forestar Group by 9.9% during the 2nd quarter. Strs Ohio now owns 32,200 shares of the oil and gas exploration company’s stock valued at $668,000 after purchasing an additional 2,900 shares during the last quarter. Dimension Capital Management LLC increased its position in shares of Forestar Group by 8.7% during the 3rd quarter. Dimension Capital Management LLC now owns 99,409 shares of the oil and gas exploration company’s stock valued at $2,107,000 after purchasing an additional 7,929 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Forestar Group by 26.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 54,574 shares of the oil and gas exploration company’s stock valued at $1,133,000 after purchasing an additional 11,424 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Forestar Group during the 2nd quarter valued at about $262,000. 22.92% of the stock is owned by hedge funds and other institutional investors.

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About Forestar Group

Forestar Group Inc operates as a real estate development company. The company engages in the acquisition, entitlement, development, and sale of real estate, primarily single-family residential and mixed-use communities. It also sells residential lots to home builders; and commercial properties. As of December 31, 2017, Forestar Group Inc had 49 entitled, developed, or under development projects in 11 states and 16 markets planned for residential and commercial uses in the United States.

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