BBX Capital Corp (BBX) Short Interest Update
BBX Capital Corp (NYSE:BBX) was the recipient of a large growth in short interest in the month of March. As of March 29th, there was short interest totalling 880,994 shares, a growth of 64.4% from the March 15th total of 535,859 shares. Based on an average daily trading volume, of 270,087 shares, the days-to-cover ratio is presently 3.3 days. Currently, 1.5% of the shares of the company are short sold.
NYSE BBX opened at $6.00 on Thursday. The firm has a market cap of $595.38 million, a PE ratio of 8.33 and a beta of 1.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.21. BBX Capital has a 1-year low of $5.23 and a 1-year high of $10.17.
BBX Capital (NYSE:BBX) last posted its quarterly earnings data on Monday, March 11th. The financial services provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.04 by $0.08. BBX Capital had a return on equity of 9.16% and a net margin of 6.06%. As a group, analysts forecast that BBX Capital will post 0.28 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. B. Riley Financial Inc. increased its stake in shares of BBX Capital by 78.5% in the 3rd quarter. B. Riley Financial Inc. now owns 147,052 shares of the financial services provider’s stock worth $1,091,000 after purchasing an additional 64,652 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BBX Capital by 12.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,774,879 shares of the financial services provider’s stock worth $13,170,000 after purchasing an additional 197,786 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of BBX Capital in the 3rd quarter worth $349,000. Morgan Stanley increased its stake in shares of BBX Capital by 30.4% in the 3rd quarter. Morgan Stanley now owns 350,860 shares of the financial services provider’s stock worth $2,603,000 after purchasing an additional 81,885 shares in the last quarter. Finally, Federated Investors Inc. PA purchased a new stake in shares of BBX Capital in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 28.75% of the company’s stock.
Separately, Zacks Investment Research cut BBX Capital from a “buy” rating to a “hold” rating in a report on Friday, January 18th.
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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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