An Insider At BBX Capital Corp (BBX) Sells Over 18,000 Shares

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BBX Capital Corp (NYSE:BBX) saw an insider lower his holdings in the company today. The Executive Vice President Seth M. Wise disposed of 18,167 shares of common shares at an average price of $17.43 per share. Following the completion of this transaction, Wise holds 166,030 shares directly; while holding 43,751 shares indirectly. A $299.29 million market cap company, BBX Capital Corp (NYSE:BBX) is a diversified investment and asset management company. The Company’s business includes real estate ownership, direct acquisition and joint venture equity in real estate, specialty finance, and the acquisition of controlling and non-controlling investments in operating businesses.
In addition, among the institutional investors involved in the company is Citadel Investment Group, the fund controlled by billionaire Ken Griffin. After lowering its holdings by 6% over the course of the last quarter, the fund now holds a total of 31,947 shares worth approximately $575 thousand.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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