BBX Capital Corp (NYSE:BBX) Short Interest Down 9.3% in November

BBX Capital Corp (NYSE:BBX) was the target of a significant decline in short interest in November. As of November 29th, there was short interest totalling 657,400 shares, a decline of 9.3% from the November 14th total of 724,700 shares. Based on an average daily trading volume, of 180,600 shares, the days-to-cover ratio is currently 3.6 days. Currently, 1.1% of the company’s shares are sold short.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mackay Shields LLC acquired a new position in BBX Capital during the 3rd quarter worth $73,000. California Public Employees Retirement System lifted its holdings in BBX Capital by 64.8% during the 3rd quarter. California Public Employees Retirement System now owns 31,795 shares of the financial services provider’s stock worth $148,000 after buying an additional 12,503 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in BBX Capital during the 3rd quarter worth about $385,000. Rhumbline Advisers lifted its holdings in BBX Capital by 9.6% during the 3rd quarter. Rhumbline Advisers now owns 99,426 shares of the financial services provider’s stock worth $464,000 after buying an additional 8,691 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in BBX Capital by 23.1% during the 3rd quarter. First Trust Advisors LP now owns 141,517 shares of the financial services provider’s stock worth $661,000 after buying an additional 26,560 shares during the last quarter. 30.01% of the stock is owned by hedge funds and other institutional investors.

BBX traded down $0.01 on Friday, hitting $4.67. 179,673 shares of the company were exchanged, compared to its average volume of 213,583. BBX Capital has a twelve month low of $3.75 and a twelve month high of $6.84. The company has a market cap of $447.22 million, a price-to-earnings ratio of 7.80 and a beta of 1.82. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $4.63 and a two-hundred day moving average price of $4.47.

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

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut BBX Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. B. Riley set a $11.00 target price on BBX Capital and gave the stock a “buy” rating in a research note on Wednesday, August 21st.

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.

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