Bbx Capital Corp Sells 2,761,925 Shares of Bfc Financial Corporation (BBX) Stock
Bfc Financial Corporation (NYSE:BBX) major shareholder Bbx Capital Corp sold 2,761,925 shares of Bfc Financial Corporation stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $14.00, for a total transaction of $38,666,950.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Bfc Financial Corporation (BBX) opened at $7.39 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.25. Bfc Financial Corporation has a 12-month low of $3.81 and a 12-month high of $8.92. The firm has a market cap of $762.80, a PE ratio of 18.15 and a beta of 2.21.
A hedge fund recently bought a new stake in Bfc Financial Corporation stock. Kennedy Capital Management Inc. purchased a new stake in shares of Bfc Financial Corporation (NYSE:BBX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 771,614 shares of the financial services provider’s stock, valued at approximately $5,077,000. Kennedy Capital Management Inc. owned approximately 0.76% of Bfc Financial Corporation at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.50% of the company’s stock.
Separately, ValuEngine cut shares of Bfc Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.
About Bfc Financial Corporation
BBX Capital Corporation, formerly BFC Financial Corporation, is a diversified holding company. The Company has investments in Bluegreen Corporation (Bluegreen) and Renin Holdings, LLC (Renin), and in real estate and middle market operating companies. Its segments include Bluegreen, BBX Capital Real Estate and Renin.
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