Shares of BBX Capital Corp Class A (NYSE:BBX) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokers have set a one year consensus target price of $16.50 for the company and are forecasting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also assigned 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 recent analyst reports. B. Riley upped their target price on BBX Capital Corp Class A from $14.50 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, May 9th. Zacks Investment Research downgraded BBX Capital Corp Class A from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, Sidoti initiated coverage on BBX Capital Corp Class A in a research report on Monday, April 30th. They set a “buy” rating and a $18.00 target price for the company.
In other news, Director Charlie C. Winningham II sold 13,673 shares of the company’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $9.10, for a total transaction of $124,424.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 81.80% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Element Capital Management LLC bought a new stake in shares of BBX Capital Corp Class A during the 1st quarter worth $136,000. Joel Isaacson & Co. LLC bought a new stake in shares of BBX Capital Corp Class A during the 2nd quarter worth $148,000. Cim Investment Mangement Inc. bought a new stake in shares of BBX Capital Corp Class A during the 2nd quarter worth $171,000. SG Americas Securities LLC bought a new stake in shares of BBX Capital Corp Class A during the 2nd quarter worth $252,000. Finally, Verition Fund Management LLC bought a new stake in shares of BBX Capital Corp Class A during the 1st quarter worth $256,000. Institutional investors and hedge funds own 27.24% of the company’s stock.
Shares of NYSE:BBX traded down $0.39 during trading on Friday, reaching $7.62. 306,457 shares of the company traded hands, compared to its average volume of 358,547. 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 company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 1.23. BBX Capital Corp Class A has a 52 week low of $6.20 and a 52 week high of $10.17.
The business also recently announced a quarterly dividend, which was paid on Friday, July 20th. Stockholders of record on Friday, June 29th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, June 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.52%. BBX Capital Corp Class A’s payout ratio is 5.56%.
About BBX Capital Corp Class A
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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