Ellington Management Group LLC Takes $149,000 Position in BBX Capital Corp (BBX)
Ellington Management Group LLC bought a new position in BBX Capital Corp (NYSE:BBX) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 18,700 shares of the financial services provider’s stock, valued at approximately $149,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its stake in BBX Capital by 9.5% in the 4th quarter. Deutsche Bank AG now owns 175,900 shares of the financial services provider’s stock worth $1,401,000 after purchasing an additional 15,300 shares in the last quarter. Renaissance Technologies LLC raised its position in BBX Capital by 39.0% during the 4th quarter. Renaissance Technologies LLC now owns 284,700 shares of the financial services provider’s stock worth $2,269,000 after buying an additional 79,900 shares during the last quarter. MYDA Advisors LLC purchased a new position in BBX Capital during the 4th quarter worth approximately $611,000. Kennedy Capital Management Inc. raised its position in BBX Capital by 3.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 758,213 shares of the financial services provider’s stock worth $6,043,000 after buying an additional 25,323 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in BBX Capital by 56.4% during the 4th quarter. Geode Capital Management LLC now owns 523,777 shares of the financial services provider’s stock worth $4,174,000 after buying an additional 188,824 shares during the last quarter. Institutional investors own 22.02% of the company’s stock.
BBX Capital stock opened at $9.20 on Thursday. BBX Capital Corp has a 1 year low of $5.87 and a 1 year high of $9.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $959.16, a P/E ratio of 21.51 and a beta of 1.89.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Monday, March 26th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, March 23rd. This is a positive change from BBX Capital’s previous quarterly dividend of $0.01. This represents a $0.04 dividend on an annualized basis and a yield of 0.43%. BBX Capital’s dividend payout ratio (DPR) is currently 3.80%.
BBX has been the subject of a number of recent research reports. B. Riley initiated coverage on shares of BBX Capital in a research report on Tuesday, November 28th. They set a “buy” rating and a $11.75 price target for the company. Zacks Investment Research raised shares of BBX Capital from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Monday, March 12th.
In other BBX Capital news, Director Oscar Holzmann sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $8.58, for a total transaction of $154,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 28.74% of the company’s stock.
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BBX Capital Company Profile
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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