BBX Capital (NYSE:BBX) Shares Up 14%
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.
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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