BBX Capital Corp (NYSE:BBX) – Stock analysts at B. Riley cut 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 expects that the financial services provider will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.05. B. Riley currently has a “Buy” rating and a $11.75 target price on the stock.
BBX Capital (NYSE BBX) traded down $0.20 during mid-day trading on Wednesday, reaching $8.87. The company had a trading volume of 171,428 shares, compared to its average volume of 313,684. 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 has a 12 month low of $5.21 and a 12 month high of $9.29. The firm has a market cap of $934.02 and a PE ratio of 21.63.
BBX Capital (NYSE:BBX) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter. BBX Capital had a return on equity of 6.74% and a net margin of 5.79%.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 22nd. Investors of record on Wednesday, December 20th were issued a $0.0075 dividend. This represents a $0.03 annualized dividend and a yield of 0.34%. The ex-dividend date was Tuesday, December 19th. BBX Capital’s payout ratio is 7.32%.
In other news, major shareholder Bbx Capital Corp sold 2,761,925 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $14.00, for a total transaction of $38,666,950.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Oscar Holzmann sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $7.87, for a total value of $141,660.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,772,722 shares of company stock worth $52,618,848. 81.80% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Kennedy Capital Management Inc. acquired a new position in shares of BBX Capital during the 2nd quarter worth approximately $5,077,000. James Investment Research Inc. acquired a new position in shares of BBX Capital during the 4th quarter worth approximately $800,000. Perritt Capital Management Inc. acquired a new position in shares of BBX Capital during the 4th quarter worth approximately $1,529,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of BBX Capital by 54.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 235,779 shares of the financial services provider’s stock worth $1,880,000 after purchasing an additional 82,826 shares during the last quarter. Finally, Gator Capital Management LLC acquired a new position in shares of BBX Capital during the 4th quarter worth approximately $3,075,000. Institutional investors and hedge funds own 26.22% of the company’s stock.
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About BBX Capital
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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