TCW Group Inc. Has $7.87 Million Holdings in BBX Capital Corp (NYSE:BBX)
TCW Group Inc. raised its position in BBX Capital Corp (NYSE:BBX) by 6.6% in the first quarter, Holdings Channel reports. The institutional investor owned 1,330,105 shares of the financial services provider’s stock after purchasing an additional 82,695 shares during the period. TCW Group Inc.’s holdings in BBX Capital were worth $7,874,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of BBX. Dimensional Fund Advisors LP boosted its position in BBX Capital by 20.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,139,948 shares of the financial services provider’s stock valued at $12,262,000 after buying an additional 365,069 shares during the last quarter. Deutsche Bank AG boosted its position in BBX Capital by 28.0% in the 4th quarter. Deutsche Bank AG now owns 762,115 shares of the financial services provider’s stock valued at $4,365,000 after buying an additional 166,587 shares during the last quarter. IndexIQ Advisors LLC purchased a new position in BBX Capital in the 1st quarter valued at about $948,000. Kennedy Capital Management Inc. boosted its position in BBX Capital by 6.6% in the 1st quarter. Kennedy Capital Management Inc. now owns 1,717,400 shares of the financial services provider’s stock valued at $10,167,000 after buying an additional 106,023 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of BBX Capital by 30.4% in the 3rd quarter. Morgan Stanley now owns 350,860 shares of the financial services provider’s stock valued at $2,603,000 after purchasing an additional 81,885 shares in the last quarter. 29.61% of the stock is owned by institutional investors.
Separately, Zacks Investment Research upgraded shares of BBX Capital from a “hold” rating to a “strong-buy” rating and set a $7.25 target price on the stock in a research note on Thursday, February 21st.
BBX Capital (NYSE:BBX) last issued its earnings results on Monday, May 6th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The company had revenue of $221.06 million during the quarter, compared to analyst estimates of $209.85 million. BBX Capital had a net margin of 4.99% and a return on equity of 7.82%. As a group, equities research analysts expect that BBX Capital Corp will post 0.21 earnings per share for the current year.
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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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