Insider Selling: BBX Capital Corp (BBX) Director Sells 18,000 Shares of Stock

BBX Capital Corp (NYSE:BBX) Director Oscar Holzmann sold 18,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $8.58, for a total value of $154,440.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Oscar Holzmann also recently made the following trade(s):

  • On Tuesday, January 16th, Oscar Holzmann sold 18,000 shares of BBX Capital stock. The stock was sold at an average price of $9.06, for a total value of $163,080.00.
  • On Friday, December 15th, Oscar Holzmann sold 18,000 shares of BBX Capital stock. The shares were sold at an average price of $7.87, for a total value of $141,660.00.

Shares of BBX Capital Corp (NYSE:BBX) traded up $0.21 during trading hours on Friday, hitting $8.81. The stock had a trading volume of 191,811 shares, compared to its average volume of 278,758. 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 Corp has a twelve month low of $5.87 and a twelve month high of $9.29. The stock has a market capitalization of $876.61, a P/E ratio of 21.41 and a beta of 1.89.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 22nd. Stockholders of record on Wednesday, December 20th were given a $0.0075 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $0.03 annualized dividend and a dividend yield of 0.34%. BBX Capital’s dividend payout ratio is currently 7.32%.

Several large investors have recently modified their holdings of BBX. Schwab Charles Investment Management Inc. lifted its position 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 acquiring an additional 82,826 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of BBX Capital in the fourth quarter valued at $800,000. Perritt Capital Management Inc. purchased a new stake in shares of BBX Capital in the fourth quarter valued at $1,529,000. Alambic Investment Management L.P. lifted its position in shares of BBX Capital by 96.1% in the fourth quarter. Alambic Investment Management L.P. now owns 317,019 shares of the financial services provider’s stock valued at $2,527,000 after acquiring an additional 155,390 shares in the last quarter. Finally, Gator Capital Management LLC purchased a new stake in shares of BBX Capital in the fourth quarter valued at $3,075,000. Institutional investors and hedge funds own 27.06% of the company’s stock.

Separately, B. Riley initiated coverage on BBX Capital in a research report on Tuesday, November 28th. They issued a “buy” rating and a $11.75 price objective on the 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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