Shares of BBX Capital Corp Class A (NYSE:BBX) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus price target of $16.50 for the company and are expecting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given BBX Capital Corp Class A an industry rank of 121 out of 255 based on the ratings given to related companies.
BBX has been the subject of a number of analyst reports. B. Riley increased their price target on shares of BBX Capital Corp Class A from $14.50 to $15.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. Sidoti initiated coverage on shares of BBX Capital Corp Class A in a report on Monday, April 30th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Zacks Investment Research raised shares of BBX Capital Corp Class A from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th.
Shares of BBX Capital Corp Class A traded down $0.39, reaching $7.62, during trading on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 306,457 shares, compared to its average volume of 358,547. The company has a current ratio of 1.23, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. BBX Capital Corp Class A has a 12 month low of $6.20 and a 12 month high of $10.17. The company has a market cap of $778.84 million, a price-to-earnings ratio of 21.65 and a beta of 1.76.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 20th. Investors of record on Friday, June 29th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Thursday, June 28th. BBX Capital Corp Class A’s payout ratio is 5.56%.
In related news, Director Charlie C. Winningham II sold 13,673 shares of the stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $9.10, for a total value of $124,424.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 81.80% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC lifted its stake in BBX Capital Corp Class A by 606.3% in the second quarter. Citadel Advisors LLC now owns 218,590 shares of the financial services provider’s stock worth $1,974,000 after purchasing an additional 187,640 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in BBX Capital Corp Class A by 20.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,577,093 shares of the financial services provider’s stock worth $14,241,000 after purchasing an additional 266,762 shares during the last quarter. Institute for Wealth Management LLC. bought a new stake in BBX Capital Corp Class A in the second quarter worth about $391,000. BlackRock Inc. lifted its stake in BBX Capital Corp Class A by 355.4% in the second quarter. BlackRock Inc. now owns 3,911,716 shares of the financial services provider’s stock worth $35,323,000 after purchasing an additional 3,052,693 shares during the last quarter. Finally, WBI Investments Inc. bought a new stake in BBX Capital Corp Class A in the second quarter worth about $1,616,000. 27.24% of the stock is owned by institutional investors and hedge funds.
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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