BBX Capital Corp (NYSE:BBX) Sees Large Increase in Short Interest

BBX Capital Corp (NYSE:BBX) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 180,600 shares, a growth of 19.2% from the August 15th total of 151,500 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 48,500 shares, the short-interest ratio is currently 3.7 days.

Institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co purchased a new stake in BBX Capital in the second quarter valued at approximately $29,000. Arizona State Retirement System purchased a new stake in BBX Capital in the first quarter valued at approximately $33,000. Jane Street Group LLC purchased a new stake in BBX Capital in the second quarter valued at approximately $61,000. SG Americas Securities LLC lifted its position in BBX Capital by 52.9% during the first quarter. SG Americas Securities LLC now owns 25,108 shares of the financial services provider’s stock valued at $58,000 after buying an additional 8,687 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in BBX Capital during the first quarter valued at approximately $58,000.

Shares of NYSE BBX traded up $0.10 during midday trading on Wednesday, reaching $15.01. 67,891 shares of the stock were exchanged, compared to its average volume of 50,698. The company has a market capitalization of $289.96 million, a P/E ratio of -7.47 and a beta of 1.66. BBX Capital has a 52-week low of $5.53 and a 52-week high of $25.10. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $15.24 and a 200-day moving average price of $11.85.

BBX Capital (NYSE:BBX) last issued its quarterly earnings results on Monday, August 10th. The financial services provider reported ($1.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.85) by ($1.11). BBX Capital had a negative return on equity of 1.25% and a negative net margin of 4.60%. The firm had revenue of $94.32 million for the quarter, compared to analysts’ expectations of $102.85 million. On average, analysts forecast that BBX Capital will post -1.9 earnings per share for the current year.

Separately, Zacks Investment Research upgraded shares of BBX Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, July 14th.

About BBX Capital

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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