BBX Capital Corp (NYSE:BBX) – Investment analysts at B. Riley reduced their Q4 2017 earnings per share (EPS) estimates for shares of BBX Capital in a report released on Monday, according to Zacks Investment Research. B. Riley analyst M. Crawford now forecasts that the financial services provider will post earnings of ($0.01) per share for the quarter, down from their prior forecast of $0.05. B. Riley has a “Buy” rating and a $11.75 price objective on the stock.
Separately, ValuEngine downgraded BBX Capital from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
BBX Capital (BBX) opened at $9.11 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.35 and a quick ratio of 1.35. BBX Capital has a 12 month low of $5.00 and a 12 month high of $9.26. The company has a market capitalization of $1,100.00, a PE ratio of 21.69 and a beta of 2.28.
BBX Capital (NYSE:BBX) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.08 EPS for the quarter. BBX Capital had a return on equity of 8.24% and a net margin of 5.40%.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Wednesday, December 20th will be given a dividend of $0.0075 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, December 19th. BBX Capital’s dividend payout ratio is currently 7.14%.
In related news, major shareholder Bbx Capital Corp sold 974,797 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $14.00, for a total transaction of $13,647,158.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Oscar Holzmann sold 18,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $9.06, for a total value of $163,080.00. The disclosure for this sale can be found here. Insiders have sold 3,772,722 shares of company stock valued at $52,618,848 in the last quarter. 81.80% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in BBX Capital stock. Schwab Charles Investment Management Inc. increased its holdings in shares of BBX Capital Corp (NYSE:BBX) by 54.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,779 shares of the financial services provider’s stock after purchasing an additional 82,826 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.23% of BBX Capital worth $1,880,000 at the end of the most recent reporting period. Institutional investors own 26.05% of the company’s stock.
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BBX Capital Company Profile
BBX Capital Corporation, formerly BFC Financial Corporation, is a diversified holding company. The Company has investments in Bluegreen Corporation (Bluegreen) and Renin Holdings, LLC (Renin), and in real estate and middle market operating companies. Its segments include Bluegreen, BBX Capital Real Estate and Renin.
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