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BBX CAPITAL INC A - BBXIA STOCK NEWS

Welcome to our dedicated page for BBX CAPITAL A news (Ticker: BBXIA), a resource for investors and traders seeking the latest updates and insights on BBX CAPITAL A stock.

BBX Capital (NYSE: BBX) is a company involved in real estate acquisitions, ownership, management, joint ventures, and investments. They also manage middle market operating businesses and have ownership interests in Bluegreen Corporation. Bluegreen manages the Bluegreen Vacation Club, a points-based vacation ownership plan with over 180,000 owners and access to 4,000 resorts worldwide.

BBX Capital has a history of investing in financial services, retail brokerage, investment banking, timeshare, real estate, confections, and other sectors.

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BBX Capital reported strong financial results for Q4 and the year ended December 31, 2021. Total revenues reached $98.2 million for Q4, up from $56.2 million in 2020, with net income attributable to shareholders at $5.3 million, compared to a loss of $3.5 million. For the full year, revenues were $313.6 million, a significant increase from $173.2 million in 2020. The company has $118 million in cash and equivalents, with a total of $533.4 million in assets. Despite challenges like supply chain disruptions, BBX remains focused on long-term growth and value creation.

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BBX Capital, Inc. (OTCQX: BBXIA, PINK: BBXIB) announced plans to release its financial results for Q4 and the year-end 2021 on March 16, 2022, before market open. The company operates as a diversified holding entity based in Florida, with principal holdings that include BBX Capital Real Estate and BBX Sweet Holdings, which encompasses IT’SUGAR and Renin.

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BBX Capital Inc. has announced a share repurchase program authorized by its Board of Directors, allowing the company to buy back up to $15.0 million worth of its Class A and Class B Common Stock. The decision enables BBX Capital to repurchase shares based on market conditions and management's discretion. The program does not mandate the company to repurchase any specific number of shares and may be modified or terminated at any time. This initiative is part of BBX Capital's strategy to enhance shareholder value.

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BBX Capital Real Estate, a subsidiary of BBX Capital, Inc. (OTC-PINK:BBXIA, PINK:BBXIB), has announced the groundbreaking of Altís Blue Lake in West Palm Beach, Florida. This luxury garden apartment community will feature 318 units with planned amenities including a resort-style swimming pool and a fitness center. BBXRE has invested approximately $0.3 million in the development and anticipates an additional $0.7 million investment as the project progresses. The first units are expected to be completed in 2023.

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BBX Capital Real Estate, a subsidiary of BBX Capital (OTC-PINK:BBXIA), has announced groundbreaking for Altís Grand at Suncoast in Lutz, Florida. This luxury community will feature 449 rental units with amenities such as a 24/7 fitness center, resort-style pool, and is planned for National Green Building Standard certification. BBXRE has invested approximately $2.8 million in this project, with an expected additional investment of $1.5 million during development.

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BBX Capital (OTCQX: BBXIA, PINK: BBXIB) has announced its participation in the Sidoti & Company Winter Virtual Small Cap Conference on January 19 and 20, 2022. CEO Jarett Levan, CFO Brett Sheppard, and Investor Relations Officer Leo Hinkley will host one-on-one meetings with investors during the event. Registration for these meetings is free and open to all interested parties. BBX Capital is a diversified holding company based in Florida, with principal holdings including BBX Capital Real Estate and BBX Sweet Holdings.

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BBX Capital, Inc. (OTC: BBXIA, BBXIB) has opened a new IT’SUGAR retail location at the Ala Moana Center in Honolulu, Hawaii. Covering 18,000 square feet, this flagship store is IT’SUGAR’s second large candy department store, featuring over 30 candy stations and dedicated sections for Sour Patch and OREO. CEO Jarett Levan expressed excitement over this expansion, highlighting the store's location in one of the largest open-air shopping centers globally. IT’SUGAR aims to create a unique retail experience, with approximately 100 locations across the U.S.

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BBX Capital (OTCQX: BBXIA, PINK: BBXIB) reported strong financial results for the quarter ending September 30, 2021, with total revenues of $91.8 million compared to $42.2 million in the same period last year. Net income attributable to shareholders reached $19.2 million, up from a loss of $8.3 million. The company highlighted increased profits from its real estate segment and rebounding sales in its sweets business, IT’SUGAR, post-COVID-19. However, challenges persist due to rising costs and supply chain disruptions. As of September 30, the cash reserves stood at $113.5 million.

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BBX Capital, Inc. (OTCQX: BBXIA, PINK: BBXIB) will release its financial results for Q3 2021 on November 15, 2021, after market close. The company, headquartered in Florida, operates various business segments including BBX Capital Real Estate and BBX Sweet Holdings, featuring brands like IT’SUGAR.

Investors can anticipate insights into the company's performance, which may influence its stock price and market perception.

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BBX Capital has announced an increase in its share repurchase program from $10 million to $20 million for its Class A and Class B Common Stock. As of now, approximately $8.3 million has been repurchased, leaving $11.7 million still available for buybacks. The future repurchases will depend on market conditions and other factors. This initiative is aimed at enhancing shareholder value, signaling the company's confidence in its financial stability and growth potential.

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FAQ

What is the current stock price of BBX CAPITAL A (BBXIA)?

The current stock price of BBX CAPITAL A (BBXIA) is $7.5 as of December 20, 2024.

What is the market cap of BBX CAPITAL A (BBXIA)?

The market cap of BBX CAPITAL A (BBXIA) is approximately 107.8M.

What does BBX Capital do?

BBX Capital is involved in real estate acquisitions, ownership, management, joint ventures, and investments. They also manage middle market operating businesses.

What is Bluegreen Corporation?

BBX Capital and its holding company, BFC Financial Corporation, have ownership interests in Bluegreen Corporation. Bluegreen manages the Bluegreen Vacation Club.

How many owners does the Bluegreen Vacation Club have?

The Bluegreen Vacation Club has over 180,000 owners.

How many resorts does Bluegreen manage?

Bluegreen manages over 60 owned or managed resorts and has access to more than 4,000 resorts worldwide.

What sectors has BBX Capital invested in?

BBX Capital has invested in financial services, retail brokerage, investment banking, timeshare, real estate, confections, and other sectors.

What is the ownership interest of BBX and BFC in Bluegreen Corporation?

BBX and BFC have a 46% and 54% ownership interest in Bluegreen Corporation, respectively.

What is the business model of the Bluegreen Vacation Club?

The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan.

How many resorts worldwide does the Bluegreen Vacation Club provide access to?

The Bluegreen Vacation Club provides access to more than 4,000 resorts worldwide.

What is the core business of BBX Capital?

The core business of BBX Capital includes real estate acquisitions, ownership, management, and investments.

What is the relationship between BBX Capital and BFC Financial Corporation?

BBX Capital and BFC Financial Corporation have ownership interests in Bluegreen Corporation, with BBX owning 46% and BFC owning 54%.

BBX CAPITAL INC A

OTC:BBXIA

BBXIA Rankings

BBXIA Stock Data

107.79M
8.54M
41.4%
4.1%
Asset Management
Financial Services
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United States of America
Fort Lauderdale