BBX Capital Corp (NYSE:BBX) shares shot up 14% during trading on Friday . The stock traded as high as $5.13 and last traded at $4.49. 461,935 shares were traded during mid-day trading, an increase of 97% from the average session volume of 234,838 shares. The stock had previously closed at $3.94.

Separately, Zacks Investment Research downgraded shares of BBX Capital from a “hold” rating to a “sell” rating in a report on Friday, May 10th.

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $438.96 million, a P/E ratio of 7.48 and a beta of 1.69.

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

Large investors have recently made changes to their positions in the business. Caxton Associates LP bought a new position in BBX Capital in the 4th quarter valued at $63,000. Legal & General Group Plc boosted its holdings in BBX Capital by 21.2% in the 4th quarter. Legal & General Group Plc now owns 12,011 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 2,105 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in BBX Capital by 590.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,639 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 11,665 shares during the period. Jefferies Group LLC bought a new position in BBX Capital in the 1st quarter valued at $81,000. Finally, PNC Financial Services Group Inc. bought a new position in BBX Capital in the 4th quarter valued at $89,000. 29.61% of the stock is owned by hedge funds and other institutional investors.

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About BBX Capital (NYSE:BBX)

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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