Zacks Investment Research upgraded shares of Bluegreen Vacations (NYSE:BXG) from a hold rating to a buy rating in a research report report published on Tuesday morning. The firm currently has $20.00 price objective on the stock.
According to Zacks, “Bluegreen Vacations Corporation provides vacation ownership company. It markets, sells and manages timeshare resorts, urban destinations, clubs and residential lands. Bluegreen Vacations Corporation is based in FL, United States. “
Several other equities research analysts have also recently weighed in on the company. SunTrust Banks started coverage on Bluegreen Vacations in a report on Tuesday, December 12th. They issued a buy rating and a $19.00 target price for the company. Bank of America started coverage on Bluegreen Vacations in a report on Tuesday, December 12th. They issued a buy rating and a $20.00 target price for the company. Finally, Stifel Nicolaus started coverage on Bluegreen Vacations in a report on Tuesday, December 12th. They issued a buy rating and a $18.00 target price for the company.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 16th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, January 12th.
In related news, major shareholder Bbx Capital Corp sold 2,761,925 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $14.00, for a total transaction of $38,666,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan Saturday acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average price of $14.00 per share, with a total value of $42,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,000 shares of company stock valued at $167,020 over the last 90 days.
An institutional investor recently bought a new position in Bluegreen Vacations stock. State of Wisconsin Investment Board acquired a new position in shares of Bluegreen Vacations Co. (NYSE:BXG) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 250,000 shares of the company’s stock, valued at approximately $4,565,000. State of Wisconsin Investment Board owned about 0.33% of Bluegreen Vacations at the end of the most recent reporting period.
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Bluegreen Vacations Company Profile
Bluegreen Corporation operates as a sales, marketing, and management company focusing on the vacation ownership industry in the United States. The company markets, sells, and manages vacation ownership interests (VOIs) in resorts that are developed or acquired by the company, or developed and owned by others.
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