Bank of New York Mellon Corp lifted its position in BBX Capital Corp (NYSE:BBX) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 791,570 shares of the financial services provider’s stock after buying an additional 63,720 shares during the period. Bank of New York Mellon Corp owned approximately 0.82% of BBX Capital worth $4,535,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of BBX. Dimensional Fund Advisors LP grew its position 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 buying an additional 197,786 shares during the last quarter. Morgan Stanley grew its position 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 buying an additional 81,885 shares during the last quarter. B. Riley Financial Inc. grew its position 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 buying an additional 64,652 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of BBX Capital in the 3rd quarter worth approximately $349,000. Finally, TIAA CREF Investment Management LLC grew its position in shares of BBX Capital by 32.1% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 190,200 shares of the financial services provider’s stock worth $1,411,000 after buying an additional 46,196 shares during the last quarter. 28.75% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut shares of BBX Capital from a “buy” rating to a “hold” rating in a research note on Friday, January 18th.
BBX stock opened at $6.09 on Tuesday. The company has a market capitalization of $603.18 million, a P/E ratio of 8.46 and a beta of 1.61. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.21. BBX Capital Corp has a 52 week low of $5.23 and a 52 week high of $10.17.
BBX Capital (NYSE:BBX) last released its earnings results on Monday, March 11th. The financial services provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.08. BBX Capital had a net margin of 6.06% and a return on equity of 9.16%. As a group, equities research analysts forecast that BBX Capital Corp will post 0.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Monday, April 1st will be paid a $0.0125 dividend. The ex-dividend date is Friday, March 29th. This is a boost from BBX Capital’s previous quarterly dividend of $0.01. This represents a $0.05 dividend on an annualized basis and a yield of 0.82%. BBX Capital’s dividend payout ratio (DPR) is 6.94%.
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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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