Filing Summary: Bbx Capital Corp: Bfc Financial Corp Opened Big New Position

Filing Summary: Bbx Capital Corp: Bfc Financial Corp Opened Big New Position

The New Bfc Financial Corp Holding in Bbx Capital Corp

Bfc Financial Corp filed with the SEC SC 13D/A form for Bbx Capital Corp. The form can be accessed here: 000119312516737694. As reported in Bfc Financial Corp’s form, the filler as of late owns 81.6% or 13,604,927 shares of the Finance–company.

Bbx Capital Corp stake is a new one for the and it was filed because of activity on September 30, 2016. We feel this shows Bfc Financial Corp’s positive view for the stock.

Reasons Why Bfc Financial Corp Bought – Bbx Capital Corp Stock

Item4: Purpose of Transaction

Item4 of the Schedule 13D is amended to add the following:

As previously disclosed, BFC entered into Share Exchange Agreements on September4, 2015 with Alan B. Levan, John E. Abdo, Jarett S. Levan and Seth M. Wise (collectively, the “BBX Capital RSU Holders”)as holders ofrestricted stock units (“BBX Capital RSUs”) of Class A Common Stock of BBX Capital.Pursuant to the Share Exchange Agreements, (a) each BBX Capital RSU Holder granted BFC the option to acquire, simultaneously with the vesting of each BBX Capital RSU,some or all of the shares of BBX Capital’s Class A Common Stock which,absent the Share Exchange Agreement, would (after withholding) actually have been received by the BBX Capital RSU Holderupon the vesting of the BBX Capital RSU and (b) BFC agreed to issue to the BBX Capital RSU Holder shares of BFC’sClass A Common Stock or Class B Common Stock havingan aggregate market value equal to the aggregate market value of the shares of BBX Capital’s Class A Common Stock acquired by BFC upon the option exercise. Notwithstanding the foregoing,as a result of the previously disclosed Agreement and Plan of Merger, dated July 27, 2016, entered into by BFC and BBX Capital and the exchange ratio contemplated thereby of 5.4 shares of BFC’s Class A Common Stock for each share of BBXCapital’s Class A Common Stock, each BBX Capital RSU Holder has agreed, with respect to share exchanges effected during the pendency of the proposed merger, to receive no more than 5.4 shares of BFC’s Class A Common Stock or Class B CommonStock for each share of BBX Capital’s Class A Common Stock subject to vested BBX Capital RSUs.

Between September 30, 2016 andOctober 4, 2016, BFC issued a total of 1,530,822 shares of its Class B Common Stock to the BBX Capital RSU Holders pursuant to the Share Exchange Agreements and received a total of 283,486 shares of BBX Capital’s Class A Common Stock inexchange therefor.Because the exchange ratio calculated by dividing the closing price of BBX Capital’s Class A Common Stock on each relevant date by the closing price of BFC’s Class B Common Stock on each such date exceeded 5.4, BFCissued 5.4 shares of its Class B Common Stock for each share of BBX Capital’s Class A Common Stock received by it between September 30, 2016 and October 4, 2016.

The following table sets forth the number of shares of BFC’s Class B Common Stock issued to each BBX Capital RSU Holder between September30, 2016 and October 4, 2016, the number of shares of BBX Capital’s Class A Common Stock which BFC received in exchange therefor, and the date of share exchange.

BBX Capital RSU Holder

DateofShareExchangeNumberofSharesofBFC’s Class BCommon StockIssued to the BBXCapital RSU HolderNumberofSharesofBBXCapital’sClassACommon StockReceived by BFC

Alan B. Levan

9/30/2016398,75273,843
10/1/2016107,80019,963

John E. Abdo

9/30/2016398,75273,843
10/2/2016107,80019,963

Jarett S. Levan

9/30/2016204,96237,956
10/3/201653,8979,981

Seth M. Wise

9/30/2016204,96237,956
10/4/201653,8979,981

Bbx Capital Corp Institutional Sentiment

Latest Security and Exchange filings show 35 investors own Bbx Capital Corp. The institutional ownership in Q3 2015 is low, at 36.74% of the outstanding shares. This is increased by 4647666 the total institutional shares. 5952584 were the shares owned by these institutional investors. In total 2 funds opened new Bbx Capital Corp stakes, 8 increased stakes. There were 8 that closed positions and 16 reduced them.

Sterling Capital Management Llc is an institutional investor bullish on Bbx Capital Corp, owning 63800 shares as of Q3 2015 for 0.01% of its portfolio. Security National Trust Co owns 52 shares or less than 0.01% of its portfolio. FL Gator Capital Management Llc have 2.68% of their stock portfolio for 101353 shares. Further, Allsquare Wealth Management Llc reported stake worth less than 0.01% of its US stock portfolio. The NY Trishield Capital Management Llc owns 552297 shares. Bbx Capital Corp is 9.86% of the manager’s US portfolio.

Business Profile

BBX Capital Corporation (BBX Capital) is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as investments in operating businesses. The Company operates through three business segments: BBX, Renin and Sweet Holdings. The BBX segment consists of the activities associated with managing the commercial loan portfolio, real estate properties of BBX Capital and its subsidiaries, including BBX Partners, BBX Capital Asset Management, LLC (CAM) and Florida Asset Resolution Group, LLC (FAR). The Renin segment consists of the activities of Renin Holdings, LLC and its subsidiaries (Renin). Renin manufactures interior closet doors, wall decor, hardware and fabricated glass products. The Sweet Holdings segment consists of the activities of BBX Capital’s acquired operating businesses in the confection industry. The Sweet Holdings segment companies manufacture chocolate and hard candy products.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1.6 in 2016 Q2. Its up 0.49, from 1.11 in 2016Q1. The ratio increased, as 2 funds sold all BBX Capital Corp shares owned while 8 reduced positions. 4 funds bought stakes while 12 increased positions. They now own 1.46 million shares or 0.36% less from 1.47 million shares in 2016Q1.

New York State Common Retirement Fund holds 0% or 2,400 shares in its portfolio. Vanguard Group accumulated 47,403 shares or 0% of the stock. Allsquare Wealth Management Ltd reported 138 shares or 0% of all its holdings. Gru Inc last reported 1,740 shares in the company. Denali Advsrs Ltd Company accumulated 144 shares or 0% of the stock. Blackrock Advisors Limited Liability Com holds 0% of its portfolio in BBX Capital Corp (NYSE:BBX) for 1,534 shares. Deutsche State Bank Ag holds 0% or 463 shares in its portfolio. The Texas-based Dimensional Fund Limited Partnership has invested 0% in BBX Capital Corp (NYSE:BBX). Moreover, Geode Cap Mgmt Ltd Limited Liability Company has 0% invested in BBX Capital Corp (NYSE:BBX) for 64,326 shares. Apollo Mgmt Lp holds 0.01% or 18,981 shares in its portfolio. Manufacturers Life Insurance The reported 806 shares or 0% of all its holdings. The Illinois-based Northern Trust has invested 0% in BBX Capital Corp (NYSE:BBX). Tower Rech Ltd Liability (Trc) holds 0% or 1,153 shares in its portfolio. Wells Fargo Mn has 0% invested in the company for 3,300 shares. Blackrock Institutional Company Na accumulated 112,241 shares or 0% of the stock.

Analysts await BBX Capital Corp (NYSE:BBX) to report earnings on November, 15.

The stock decreased 0.50% or $0.1 on October 13, hitting $20.04. About 1,269 shares traded hands. BBX Capital Corp (NYSE:BBX) has risen 34.90% since March 10, 2016 and is uptrending. It has outperformed by 27.38% the S&P500.

BBX Capital Corporation is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as investments in operating businesses. The company has a market cap of $329.52 million. The Firm operates through three business divisions: BBX, Renin and Sweet Holdings. It has a 24.47 P/E ratio. The BBX segment consists of the activities associated with managing the commercial loan portfolio, real estate properties of BBX Capital and its subsidiaries, including BBX Partners, BBX Capital Asset Management, LLC (CAM) and Florida Asset Resolution Group, LLC (FAR).

More notable recent BBX Capital Corp (NYSE:BBX) news were published by: Marketwatch.com which released: “BBX Capital Corp. Cl A” on December 21, 2009, also Sun-Sentinel.com with their article: “BBX Capital, CEO fined $5.85 million” published on September 24, 2015, Bizjournals.com published: “Public company aims to build out business park” on June 06, 2016. More interesting news about BBX Capital Corp (NYSE:BBX) were released by: Sun-Sentinel.com and their article: “BBX Capital to bring MOD Pizza to South Florida” published on September 12, 2016 as well as Sun-Sentinel.com‘s news article titled: “BBX Capital reports higher revenue and profits” with publication date: March 17, 2016.

According to Zacks Investment Research, “BBX Capital Corporation is an asset management, real estate investment and specialty finance company. The company develops joint venture arrangements and partnerships with real estate investors, developers, property owners, and fund managers. BBX Capital Corporation, formerly known as BankAtlantic Bancorp, Inc. is based in Fort Lauderdale, Florida.”

BBX Company Profile

BBX Capital Corporation (BBX Capital), incorporated on April 14, 1994, is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as investments in operating businesses. The Firm operates through three business divisions: BBX, Renin and Sweet Holdings.

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