Alambic Investment Management L.P. trimmed its stake in shares of BBX Capital Corp (NYSE:BBX) by 67.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,164 shares of the financial services provider’s stock after selling 128,407 shares during the quarter. Alambic Investment Management L.P. owned 0.07% of BBX Capital worth $146,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Biechele Royce Advisors bought a new position in BBX Capital in the 1st quarter worth about $28,000. Arizona State Retirement System purchased a new stake in shares of BBX Capital in the first quarter worth about $33,000. Bank of Montreal Can boosted its position in shares of BBX Capital by 47.6% in the fourth quarter. Bank of Montreal Can now owns 8,481 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 2,734 shares during the period. Amalgamated Bank bought a new position in shares of BBX Capital in the fourth quarter valued at approximately $49,000. Finally, SG Americas Securities LLC grew its stake in BBX Capital by 52.9% during the first quarter. SG Americas Securities LLC now owns 25,108 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 8,687 shares in the last quarter. 28.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:BBX traded down $0.02 during trading on Friday, reaching $1.73. The company had a trading volume of 146,750 shares, compared to its average volume of 288,255. The company has a fifty day moving average of $1.75 and a two-hundred day moving average of $3.40. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $169.00 million, a P/E ratio of 11.67 and a beta of 1.64. BBX Capital Corp has a 12 month low of $1.11 and a 12 month high of $5.13.
BBX Capital (NYSE:BBX) last announced its earnings results on Monday, May 11th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.29). BBX Capital had a positive return on equity of 2.19% and a negative net margin of 1.28%. The company had revenue of $204.09 million during the quarter, compared to analysts’ expectations of $197.50 million. As a group, equities research analysts predict that BBX Capital Corp will post -0.7 earnings per share for the current year.
Several brokerages have commented on BBX. Sidoti cut their price target on shares of BBX Capital from $7.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Zacks Investment Research lowered BBX Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, May 12th. B. Riley decreased their target price on BBX Capital from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, TheStreet downgraded BBX Capital from a “c” rating to a “d+” rating in a research report on Friday, May 15th.
BBX Capital 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.
Featured Article: Bear Market – How and Why They Occur
Want to see what other hedge funds are holding BBX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BBX Capital Corp (NYSE:BBX).
Receive News & Ratings for BBX Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BBX Capital and related companies with MarketBeat.com's FREE daily email newsletter.