Alta Fundamental Advisers LLC decreased its holdings in shares of BBX Capital Corp (NYSE:BBX) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,233,136 shares of the financial services provider’s stock after selling 18,000 shares during the quarter. BBX Capital comprises about 6.0% of Alta Fundamental Advisers LLC’s investment portfolio, making the stock its 7th biggest position. Alta Fundamental Advisers LLC owned about 1.20% of BBX Capital worth $9,828,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Two Sigma Investments LP acquired a new stake in shares of BBX Capital during the fourth quarter worth $611,000. Ellington Management Group LLC acquired a new stake in shares of BBX Capital during the fourth quarter worth $149,000. Deutsche Bank AG boosted its holdings in shares of BBX Capital by 9.5% during the fourth 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 during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of BBX Capital by 39.0% during the fourth quarter. Renaissance Technologies LLC now owns 284,700 shares of the financial services provider’s stock worth $2,269,000 after purchasing an additional 79,900 shares during the last quarter. Finally, MYDA Advisors LLC acquired a new stake in shares of BBX Capital during the fourth quarter worth $611,000. Institutional investors and hedge funds own 28.31% of the company’s stock.
In related news, Director Oscar Holzmann sold 18,000 shares of BBX Capital stock in a transaction on Friday, December 15th. The stock was sold at an average price of $7.87, for a total value of $141,660.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 54,000 shares of company stock worth $459,180 in the last quarter. 28.74% of the stock is owned by insiders.
BBX Capital Corp (BBX) opened at $9.13 on Tuesday. BBX Capital Corp has a fifty-two week low of $5.87 and a fifty-two week high of $9.29. The firm has a market capitalization of $922.74, a price-to-earnings ratio of 11.56 and a beta of 1.89. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.35 and a quick ratio of 1.35.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Monday, March 26th will be issued a $0.01 dividend. The ex-dividend date is Friday, March 23rd. This represents a $0.04 dividend on an annualized basis and a yield of 0.44%. This is a boost from BBX Capital’s previous quarterly dividend of $0.01. BBX Capital’s dividend payout ratio (DPR) is presently 3.80%.
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BBX Capital 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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