Zacks Investment Research upgraded shares of BBX Capital (NYSE:BBX) from a sell rating to a hold rating in a research report released on Tuesday morning, Zacks.com reports.

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. “

Shares of BBX Capital stock opened at $4.60 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.23 and a quick ratio of 1.23. BBX Capital has a 1 year low of $3.83 and a 1 year high of $9.19. The firm has a market cap of $443.84 million, a P/E ratio of 7.57 and a beta of 1.79. The stock’s 50 day moving average is $4.44.

BBX Capital (NYSE:BBX) last issued its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). The business had revenue of $221.06 million during the quarter, compared to analyst estimates of $209.85 million. BBX Capital had a net margin of 4.99% and a return on equity of 7.82%. As a group, equities research analysts expect that BBX Capital will post 0.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a $0.013 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This is an increase from BBX Capital’s previous quarterly dividend of $0.01. This represents a $0.05 annualized dividend and a yield of 1.13%.

Institutional investors and hedge funds have recently modified their holdings of the business. Caxton Associates LP purchased a new stake in shares of BBX Capital during the 4th quarter valued at $63,000. Legal & General Group Plc grew its stake in shares of BBX Capital by 21.2% during the 4th quarter. Legal & General Group Plc now owns 12,011 shares of the financial services provider’s stock valued at $69,000 after buying an additional 2,105 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of BBX Capital by 590.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,639 shares of the financial services provider’s stock valued at $81,000 after buying an additional 11,665 shares during the period. PNC Financial Services Group Inc. purchased a new stake in shares of BBX Capital during the 4th quarter valued at $89,000. Finally, Menta Capital LLC purchased a new stake in shares of BBX Capital during the 1st quarter valued at $94,000. Institutional investors own 29.20% of the company’s stock.

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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