Robotti Robert lessened its stake in BBX Capital Corp (NYSE:BBX) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664,065 shares of the financial services provider’s stock after selling 28,204 shares during the period. BBX Capital accounts for approximately 1.4% of Robotti Robert’s portfolio, making the stock its 19th largest position. Robotti Robert owned approximately 0.65% of BBX Capital worth $5,293,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Teacher Retirement System of Texas purchased a new stake in shares of BBX Capital in the fourth quarter valued at about $180,000. California Public Employees Retirement System purchased a new stake in shares of BBX Capital in the fourth quarter valued at about $650,000. Schwab Charles Investment Management Inc. raised its holdings in shares of BBX Capital by 54.2% in 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 buying an additional 82,826 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of BBX Capital in the fourth quarter valued at about $800,000. Finally, Swiss National Bank purchased a new stake in shares of BBX Capital in the fourth quarter valued at about $923,000. 27.06% of the stock is owned by institutional investors and hedge funds.
Separately, B. Riley reissued a “buy” rating and set a $11.75 price target on shares of BBX Capital in a report on Monday, January 8th.
In other BBX Capital news, major shareholder Bbx Capital Corp sold 2,761,925 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $14.00, for a total value of $38,666,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Oscar Holzmann sold 18,000 shares of the 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 disclosure for this sale can be found here. Insiders have sold 3,772,722 shares of company stock valued at $52,618,848 over the last three months. 28.74% of the stock is currently owned by corporate insiders.
BBX Capital Corp (NYSE:BBX) opened at $8.49 on Wednesday. The stock has a market cap of $861.23, a PE ratio of 20.49 and a beta of 1.89. BBX Capital Corp has a 1-year low of $5.70 and a 1-year high of $9.29. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.25.
The company also recently declared a quarterly dividend, which was paid on Monday, January 22nd. Investors of record on Wednesday, December 20th were issued a dividend of $0.0075 per share. The ex-dividend date of this dividend was Tuesday, December 19th. This represents a $0.03 annualized dividend and a yield of 0.35%. BBX Capital’s dividend payout ratio is currently 7.32%.
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BBX Capital 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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