Fondren Management LP cut its position in BBX Capital Corp (NYSE:BBX) by 7.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,249,700 shares of the financial services provider’s stock after selling 105,000 shares during the quarter. BBX Capital comprises about 7.0% of Fondren Management LP’s portfolio, making the stock its 4th biggest holding. Fondren Management LP owned approximately 1.22% of BBX Capital worth $9,960,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BBX. Two Sigma Investments LP bought a new stake in shares of BBX Capital during the 4th quarter valued at $611,000. Ellington Management Group LLC bought a new stake in shares of BBX Capital during the 4th quarter valued at $149,000. Deutsche Bank AG lifted its position in shares of BBX Capital by 9.5% during the 4th quarter. Deutsche Bank AG now owns 175,900 shares of the financial services provider’s stock valued at $1,401,000 after acquiring an additional 15,300 shares during the period. Renaissance Technologies LLC lifted its position in shares of BBX Capital by 39.0% during the 4th quarter. Renaissance Technologies LLC now owns 284,700 shares of the financial services provider’s stock valued at $2,269,000 after acquiring an additional 79,900 shares during the period. Finally, MYDA Advisors LLC bought a new stake in shares of BBX Capital during the 4th quarter valued at $611,000. Institutional investors and hedge funds own 28.31% of the company’s stock.
BBX Capital Corp (NYSE BBX) opened at $9.21 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.25. BBX Capital Corp has a fifty-two week low of $5.87 and a fifty-two week high of $9.29. The company has a market capitalization of $936.07, a price-to-earnings ratio of 21.23 and a beta of 1.89.
In other news, Director Oscar Holzmann sold 18,000 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $8.58, for a total transaction of $154,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 54,000 shares of company stock valued at $459,180 in the last three months. 28.74% of the stock is owned by insiders.
A number of research firms have recently weighed in on BBX. Zacks Investment Research upgraded BBX Capital from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday. B. Riley reissued a “buy” rating and set a $11.75 price target on shares of BBX Capital in a report on Monday, January 8th.
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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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