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. “
BBX traded down $0.01 during midday trading on Thursday, hitting $3.86. The stock had a trading volume of 222,255 shares, compared to its average volume of 218,295. The stock has a market capitalization of $377.35 million, a P/E ratio of 6.60 and a beta of 1.79. The company’s fifty day moving average is $4.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.23 and a current ratio of 1.23. BBX Capital has a 1 year low of $3.75 and a 1 year high of $7.69.
Institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in shares of BBX Capital by 5,892.4% during the second quarter. Bank of Montreal Can now owns 5,513 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 5,421 shares during the period. Aperio Group LLC purchased a new stake in BBX Capital in the second quarter worth $28,000. Legal & General Group Plc lifted its stake in BBX Capital by 21.2% in the fourth quarter. Legal & General Group Plc now owns 12,011 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 2,105 shares during the period. Parametric Portfolio Associates LLC purchased a new stake in BBX Capital in the second quarter worth $72,000. Finally, BNP Paribas Arbitrage SA lifted its stake in BBX Capital by 590.9% in the first quarter. BNP Paribas Arbitrage SA now owns 13,639 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 11,665 shares during the period. 29.11% of the stock is owned by institutional investors and hedge funds.
BBX Capital 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.
See Also: What is a portfolio manager?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.