BBX Capital Corp (NYSE:BBX) – Research analysts at B. Riley decreased their FY2017 EPS estimates for shares of BBX Capital in a research note issued on Monday. B. Riley analyst M. Crawford now expects that the financial services provider will post earnings of $0.35 per share for the year, down from their prior estimate of $0.36. B. Riley currently has a “Buy” rating and a $11.75 price target on the stock. B. Riley also issued estimates for BBX Capital’s 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 downgraded BBX Capital from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
A hedge fund recently bought a new stake in BBX Capital stock. Kennedy Capital Management Inc. bought a new position in shares of BBX Capital Corp (NYSE:BBX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent reporting period. Institutional investors own 26.05% of the company’s stock.
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 transaction of $13,647,158.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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. In the last quarter, insiders sold 3,754,722 shares of company stock worth $52,455,768. 28.74% of the stock is owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Wednesday, December 20th will be paid a $0.0075 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $0.03 annualized dividend and a yield of 0.34%. BBX Capital’s payout ratio is 7.32%.
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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