Zacks Investment Research downgraded shares of BBX Capital Corp Class A (NYSE:BBX) from a strong-buy rating to a hold rating in a research report report published on Friday morning.
According to Zacks, “BBX Capital Corporation is a holding company whose principal holding is Bluegreen Corporation. The Company is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. BBX Capital Corporation, formerly known as BFC Financial Corporation, is based in FL, United States. “
Several other research analysts also recently issued reports on the stock. Sidoti started coverage on shares of BBX Capital Corp Class A in a research note on Monday, April 30th. They issued a buy rating and a $18.00 target price on the stock. B. Riley upped their target price on shares of BBX Capital Corp Class A from $14.50 to $15.00 and gave the stock a buy rating in a research note on Wednesday, May 9th.
Shares of NYSE BBX traded down $0.39 during midday trading on Friday, hitting $7.62. The stock had a trading volume of 306,457 shares, compared to its average volume of 341,728. The company has a market cap of $754.32 million, a PE ratio of 10.58 and a beta of 1.76. BBX Capital Corp Class A has a 52 week low of $6.20 and a 52 week high of $10.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 1.23.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 20th. Investors of record on Friday, June 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.52%. BBX Capital Corp Class A’s dividend payout ratio (DPR) is 5.56%.
In related news, Director Charlie C. Winningham II sold 13,673 shares of the stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $9.10, for a total transaction of $124,424.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 81.80% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Element Capital Management LLC bought a new position in BBX Capital Corp Class A during the first quarter valued at approximately $136,000. Joel Isaacson & Co. LLC bought a new position in BBX Capital Corp Class A in the second quarter worth approximately $148,000. Cim Investment Mangement Inc. bought a new position in BBX Capital Corp Class A in the second quarter worth approximately $171,000. Verition Fund Management LLC bought a new position in BBX Capital Corp Class A in the first quarter worth approximately $256,000. Finally, SG Americas Securities LLC bought a new position in BBX Capital Corp Class A in the second quarter worth approximately $252,000. Institutional investors own 27.24% of the company’s stock.
BBX Capital Corp Class A Company Profile
BBX Capital Corporation, formerly known as BFC Financial Corporation, is a private equity and venture capital firm specializing in investments and acquisitions of middle market companies. The firm also invests in mergers and acquisition, add-on acquisitions, divestiture, taking public companies private and private companies public, leveraged buyout, partnership, recapitalization, and restructuring.
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