BBX Capital (NYSE:BBX) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of BBX Capital (NYSE:BBX) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

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. “

Separately, B. Riley set a $11.00 price target on shares of BBX Capital and gave the stock a buy rating in a research report on Wednesday, August 21st.

Shares of BBX Capital stock remained flat at $$4.73 on Wednesday. 249,534 shares of the stock traded hands, compared to its average volume of 204,011. The firm has a 50-day moving average of $4.57 and a 200-day moving average of $4.58. The company has a market capitalization of $457.60 million, a PE ratio of 7.83 and a beta of 1.82. BBX Capital has a 1-year low of $3.75 and a 1-year high of $6.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.32 and a quick ratio of 1.28.

BBX Capital (NYSE:BBX) last issued its quarterly earnings results on Friday, November 1st. The financial services provider reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.14. BBX Capital had a net margin of 2.42% and a return on equity of 4.36%. The business had revenue of $255.11 million for the quarter, compared to analysts’ expectations of $273.13 million. Equities research analysts predict that BBX Capital will post 0.1 earnings per share for the current fiscal year.

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The firm also recently declared a — dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a $0.0125 dividend. The ex-dividend date was Thursday, October 3rd. This represents a dividend yield of 1.1%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in shares of BBX Capital during the first quarter valued at about $393,000. Aperio Group LLC bought a new position in shares of BBX Capital in the second quarter worth $28,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of BBX Capital in the second quarter worth $179,000. Menta Capital LLC increased its holdings in shares of BBX Capital by 455.5% in the second quarter. Menta Capital LLC now owns 87,933 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 72,103 shares during the period. Finally, Prudential Financial Inc. bought a new position in shares of BBX Capital in the second quarter worth $97,000. Hedge funds and other institutional investors own 29.72% of the company’s stock.

About BBX Capital

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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