BBX Capital (BBX) Receives “Buy” Rating from B. Riley

B. Riley restated their buy rating on shares of BBX Capital (NYSE:BBX) in a research report report published on Monday. B. Riley currently has a $11.75 price target on the financial services provider’s stock. B. Riley also issued estimates for BBX Capital’s 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 cut BBX Capital from a buy rating to a hold rating in a report on Monday, October 2nd.

Shares of BBX Capital (NYSE BBX) traded up $0.46 during trading on Monday, reaching $8.82. The company had a trading volume of 397,700 shares, compared to its average volume of 400,080. BBX Capital has a one year low of $5.00 and a one year high of $8.92. The company has a market cap of $1,050.00, a PE ratio of 21.00 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.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Wednesday, December 20th will be issued a $0.0075 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $0.03 dividend on an annualized basis and a yield of 0.34%. BBX Capital’s dividend payout ratio is currently 7.14%.

In other BBX Capital news, major shareholder Bbx Capital Corp sold 974,797 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $14.00, for a total value of $13,647,158.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Oscar Holzmann sold 18,000 shares of the stock in a transaction 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 ninety days, insiders sold 3,754,722 shares of company stock worth $52,455,768. 28.74% of the stock is owned by insiders.

An institutional investor recently bought a new position in BBX Capital stock. Kennedy Capital Management Inc. purchased a new position in BBX Capital Corp (NYSE:BBX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 771,614 shares of the financial services provider’s stock, valued at approximately $5,077,000. Kennedy Capital Management Inc. owned approximately 0.76% of BBX Capital as of its most recent filing with the Securities and Exchange Commission. 26.05% of the stock is currently owned by hedge funds and other institutional investors.

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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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