Favorable Press Coverage Somewhat Unlikely to Affect BBX Capital (BBX) Stock Price

News headlines about BBX Capital (NYSE:BBX) have been trending positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BBX Capital earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.1465175447162 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Separately, B. Riley initiated coverage on shares of BBX Capital in a report on Tuesday, November 28th. They set a “buy” rating and a $11.75 target price on the stock.

Shares of BBX Capital (NYSE:BBX) opened at $8.78 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $903.26, a P/E ratio of 21.49 and a beta of 1.89. BBX Capital has a twelve month low of $5.87 and a twelve month high of $9.29.

The company also recently announced a quarterly dividend, which was paid on Monday, January 22nd. Investors of record on Wednesday, December 20th were issued a dividend of $0.0075 per share. This represents a $0.03 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Tuesday, December 19th. BBX Capital’s dividend payout ratio (DPR) is presently 7.32%.

In other news, major shareholder Bbx Capital Corp sold 974,797 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $14.00, for a total value of $13,647,158.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Oscar Holzmann sold 18,000 shares of the 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 disclosure for this sale can be found here. Insiders have sold a total of 1,028,797 shares of company stock worth $14,106,338 in the last ninety days. 28.74% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.chaffeybreeze.com/2018/02/20/favorable-press-coverage-somewhat-unlikely-to-affect-bbx-capital-bbx-stock-price.html.

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.

Insider Buying and Selling by Quarter for BBX Capital (NYSE:BBX)

Receive News & Ratings for BBX Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BBX Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply