Meeder Asset Management Inc. decreased its stake in BBX Capital Corp (NYSE:BBX) by 30.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,281 shares of the financial services provider’s stock after selling 5,728 shares during the quarter. Meeder Asset Management Inc.’s holdings in BBX Capital were worth $65,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Aperio Group LLC acquired a new position in BBX Capital in the second quarter worth $28,000. Legal & General Group Plc boosted its stake in BBX Capital by 21.2% in the fourth quarter. Legal & General Group Plc now owns 12,011 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 2,105 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in BBX Capital by 590.9% in the first quarter. BNP Paribas Arbitrage SA now owns 13,639 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 11,665 shares in the last quarter. Menta Capital LLC acquired a new position in BBX Capital in the first quarter worth $94,000. Finally, SG Americas Securities LLC acquired a new position in BBX Capital in the first quarter worth $163,000. 29.97% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have commented on BBX shares. Zacks Investment Research raised BBX Capital from a “sell” rating to a “hold” rating in a research note on Thursday, August 22nd. B. Riley set a $11.00 price target on BBX Capital and gave the company a “buy” rating in a research note on Wednesday, August 21st.
BBX Capital (NYSE:BBX) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.14). BBX Capital had a return on equity of 1.83% and a net margin of 0.76%. The business had revenue of $251.33 million during the quarter, compared to the consensus estimate of $246.02 million. As a group, sell-side analysts predict that BBX Capital Corp will post -0.04 EPS for the current year.
BBX Capital Company Profile
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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