BBX Capital Corp (NYSE:BBX) – B. Riley cut their Q4 2017 earnings per share (EPS) estimates for shares of BBX Capital in a research note issued to investors on Monday. B. Riley analyst M. Crawford now forecasts that the financial services provider will post earnings per share of ($0.01) for the quarter, down from their previous estimate of $0.05. B. Riley currently has a “Buy” rating and a $11.75 target price on the stock.
Separately, ValuEngine cut shares of BBX Capital from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.0075 per share. This represents a $0.03 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, December 19th. BBX Capital’s dividend payout ratio is presently 7.14%.
In other news, major shareholder Bbx Capital Corp sold 974,797 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $14.00, for a total value of $13,647,158.00. 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 dated Friday, December 15th. The shares were sold at an average price of $7.87, for a total transaction of $141,660.00. The disclosure for this sale can be found here. Insiders have sold 3,754,722 shares of company stock valued at $52,455,768 over the last 90 days. 28.74% of the stock is currently owned by company insiders.
A hedge fund recently bought a new stake in BBX Capital stock. Kennedy Capital Management Inc. bought a new stake in BBX Capital Corp (NYSE:BBX) in the second quarter, according to its most recent 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 about 0.76% of BBX Capital as of its most recent SEC filing. Institutional investors own 26.05% of the company’s stock.
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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