BBX Capital (NYSE:BBX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage currently has a $10.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 8.93% from the stock’s current price.

According to Zacks, “BBX Capital Corporation is a holding company whose principal holding is Bluegreen Corporation. The Company is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. BBX Capital Corporation, formerly known as BFC Financial Corporation, is based in FL, United States. “

Separately, B. Riley started coverage on shares of BBX Capital in a research report on Tuesday, November 28th. They issued a “buy” rating and a $11.75 target price for the company.

Shares of BBX Capital (NYSE BBX) opened at $9.18 on Monday. 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 has a 12-month low of $5.87 and a 12-month high of $9.29. The stock has a market cap of $922.74, a price-to-earnings ratio of 11.62 and a beta of 1.89.

In related news, Director Oscar Holzmann sold 18,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $9.06, for a total value of $163,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 54,000 shares of company stock valued at $459,180. 28.74% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. bought a new position in BBX Capital in the fourth quarter valued at $118,000. Brown Advisory Securities LLC bought a new position in BBX Capital in the fourth quarter valued at $122,000. Ellington Management Group LLC bought a new position in BBX Capital in the fourth quarter valued at $149,000. Teacher Retirement System of Texas acquired a new stake in BBX Capital in the fourth quarter valued at $180,000. Finally, Citadel Advisors LLC acquired a new stake in BBX Capital in the fourth quarter valued at $220,000. 28.31% of the stock is owned by institutional investors and hedge funds.

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About BBX Capital

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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