BBX Capital Corp Class A (BBX) Price Target Lowered to $14.50 at B. Riley

BBX Capital Corp Class A (NYSE:BBX) had its target price cut by equities research analysts at B. Riley from $15.00 to $14.50 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the financial services provider’s stock. B. Riley’s price objective indicates a potential upside of 60.75% from the company’s current price.

A number of other research analysts have also issued reports on BBX. Zacks Investment Research upgraded shares of BBX Capital Corp Class A from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Monday, March 12th. 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 objective for the company.

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NYSE BBX traded up $0.02 during trading hours on Thursday, reaching $9.02. The company’s stock had a trading volume of 9,897 shares, compared to its average volume of 662,128. The firm has a market cap of $867.08 million, a PE ratio of 12.53 and a beta of 1.78. BBX Capital Corp Class A has a 52 week low of $5.87 and a 52 week high of $10.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.39.

BBX Capital Corp Class A (NYSE:BBX) last issued its quarterly earnings data on Monday, May 7th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $218.00 million during the quarter, compared to analyst estimates of $205.49 million. BBX Capital Corp Class A had a net margin of 8.75% and a return on equity of 6.32%. research analysts anticipate that BBX Capital Corp Class A will post 0.47 earnings per share for the current fiscal year.

In other BBX Capital Corp Class A 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 81.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in BBX. Millennium Management LLC increased its position in BBX Capital Corp Class A by 334.4% during the 1st quarter. Millennium Management LLC now owns 911,424 shares of the financial services provider’s stock valued at $8,394,000 after purchasing an additional 701,619 shares during the period. BlackRock Inc. increased its position in BBX Capital Corp Class A by 3,703.7% during the 4th quarter. BlackRock Inc. now owns 482,920 shares of the financial services provider’s stock valued at $3,848,000 after purchasing an additional 470,224 shares during the period. Athanor Capital LP acquired a new stake in BBX Capital Corp Class A during the 1st quarter valued at approximately $2,809,000. Dimensional Fund Advisors LP increased its position in BBX Capital Corp Class A by 28.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,310,331 shares of the financial services provider’s stock valued at $12,068,000 after purchasing an additional 293,467 shares during the period. Finally, Loomis Sayles & Co. L P increased its position in BBX Capital Corp Class A by 41.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 798,702 shares of the financial services provider’s stock valued at $7,356,000 after purchasing an additional 233,087 shares during the period. 27.13% 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.