B. Riley Weighs in on Bluegreen Vacations Holding Co.’s Q1 2023 Earnings (NYSE:BVH)

Bluegreen Vacations Holding Co. (NYSE:BVH – Get Rating) – Analysts at B. Riley cut their Q1 2023 earnings estimates for Bluegreen Vacations in a note issued to investors on Monday, March 13th. B. Riley analyst M. Crawford now expects that the company will post earnings of $0.20 per share for the quarter, down from their previous forecast of $0.37. The consensus estimate for Bluegreen Vacations’ current full-year earnings is $3.72 per share. B. Riley also issued estimates for Bluegreen Vacations’ Q2 2023 earnings at $1.13 EPS, Q3 2023 earnings at $1.39 EPS, Q4 2023 earnings at $0.90 EPS and FY2023 earnings at $3.63 EPS.

BVH has been the subject of several other research reports. Truist Financial upped their price objective on shares of Bluegreen Vacations from $45.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday. TheStreet downgraded shares of Bluegreen Vacations from a “c-” rating to a “d+” rating in a research note on Wednesday, February 1st.

Bluegreen Vacations Stock Performance

Shares of BVH stock opened at $26.82 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average price of $30.84 and a 200 day moving average price of $24.08. The company has a market cap of $530.23 million, a P/E ratio of 8.30 and a beta of 1.70. Bluegreen Vacations has a 12 month low of $16.24 and a 12 month high of $34.58.

Bluegreen Vacations Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Monday, March 6th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.98%. This is a boost from Bluegreen Vacations’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 3rd. Bluegreen Vacations’s dividend payout ratio is presently 24.77%.

Institutional Investors Weigh In On Bluegreen Vacations

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new stake in shares of Bluegreen Vacations in the second quarter valued at about $29,000. Copeland Capital Management LLC purchased a new stake in shares of Bluegreen Vacations in the third quarter valued at about $26,000. Denali Advisors LLC purchased a new position in Bluegreen Vacations during the fourth quarter worth about $45,000. Equitec Proprietary Markets LLC purchased a new position in Bluegreen Vacations during the fourth quarter worth about $50,000. Finally, Barclays PLC raised its holdings in Bluegreen Vacations by 123.8% during the fourth quarter. Barclays PLC now owns 3,335 shares of the company’s stock worth $83,000 after purchasing an additional 1,845 shares in the last quarter. 34.63% of the stock is owned by hedge funds and other institutional investors.

About Bluegreen Vacations

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Bluegreen Vacations Holding Corp. is a holding company, which engages in the real estate, real estate joint ventures, and middle market operating businesses. It operates through the following segments: Bluegreen, BBX Capital Real Estate, Renin, and BBX Sweet Holdings. The Bluegreen segment markets, sells, and manages real estate-based vacation ownership interests in resorts located in popular, high-volume, and drive-to vacation destinations.