Bfc Financial Corporation (BBX) Major Shareholder Bbx Capital Corp Sells 974,797 Shares of Stock

Bfc Financial Corporation (NYSE:BBX) major shareholder Bbx Capital Corp sold 974,797 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $14.00, for a total transaction of $13,647,158.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Bbx Capital Corp also recently made the following trade(s):

  • On Tuesday, November 21st, Bbx Capital Corp sold 2,761,925 shares of Bfc Financial stock. The stock was sold at an average price of $14.00, for a total transaction of $38,666,950.00.

Bfc Financial Corporation (NYSE:BBX) opened at $8.16 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.35 and a current ratio of 1.35. Bfc Financial Corporation has a 52 week low of $3.81 and a 52 week high of $8.92. The company has a market cap of $836.62, a PE ratio of 19.90 and a beta of 2.30.

A hedge fund recently bought a new stake in Bfc Financial stock. Kennedy Capital Management Inc. bought a new position in shares of Bfc Financial Corporation (NYSE:BBX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 771,614 shares of the financial services provider’s stock, valued at approximately $5,077,000. Kennedy Capital Management Inc. owned 0.76% of Bfc Financial at the end of the most recent reporting period. 26.05% of the stock is currently owned by institutional investors.

BBX has been the topic of a number of recent research reports. ValuEngine lowered shares of Bfc Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. B. Riley initiated coverage on shares of Bfc Financial in a research report on Tuesday, November 28th. They set a “buy” rating and a $11.75 price target on the stock.

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About Bfc Financial

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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