BBX Capital’s (BBX) Buy Rating Reaffirmed at B. Riley

B. Riley reaffirmed their buy rating on shares of BBX Capital (NYSE:BBX) in a report released on Monday, January 8th. The firm currently has a $11.75 target price on the financial services provider’s stock. B. Riley also issued estimates for BBX Capital’s Q4 2017 earnings at ($0.01) EPS, FY2017 earnings at $0.35 EPS, Q1 2018 earnings at $0.08 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.08 EPS, FY2018 earnings at $0.45 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.15 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.60 EPS.

Separately, ValuEngine lowered shares of BBX Capital from a buy rating to a hold rating in a research note on Monday, October 2nd.

BBX Capital (BBX) traded down $0.04 on Monday, reaching $9.07. 376,153 shares of the company traded hands, compared to its average volume of 320,152. BBX Capital has a 52-week low of $5.12 and a 52-week high of $9.29. The firm has a market capitalization of $1,100.00, a price-to-earnings ratio of 21.79 and a beta of 2.28. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.25.

BBX Capital (NYSE:BBX) last announced its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.08 EPS for the quarter. BBX Capital had a net margin of 5.40% and a return on equity of 8.24%. equities analysts anticipate that BBX Capital will post 0.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 22nd. Investors of record on Wednesday, December 20th were paid a dividend of $0.0075 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.33%. BBX Capital’s dividend payout ratio is presently 7.14%.

In related news, Director Oscar Holzmann sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $9.06, for a total transaction of $163,080.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Bbx Capital Corp sold 974,797 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $14.00, for a total transaction of $13,647,158.00. The disclosure for this sale can be found here. Insiders have sold 3,772,722 shares of company stock worth $52,618,848 in the last quarter. Company insiders own 81.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of BBX. Kennedy Capital Management Inc. acquired a new position in shares of BBX Capital during the second quarter valued at approximately $5,077,000. Perritt Capital Management Inc. acquired a new position in shares of BBX Capital during the fourth quarter valued at approximately $1,529,000. James Investment Research Inc. acquired a new position in shares of BBX Capital during the fourth quarter valued at approximately $800,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of BBX Capital by 54.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 235,779 shares of the financial services provider’s stock valued at $1,880,000 after acquiring an additional 82,826 shares during the period. Institutional investors and hedge funds own 26.22% 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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