Acadian Asset Management LLC Acquires 39,361 Shares of Bluegreen Vacations Holding Co. (NYSE:BVH)

Acadian Asset Management LLC lifted its holdings in shares of Bluegreen Vacations Holding Co. (NYSE:BVHGet Rating) by 75.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,785 shares of the company’s stock after purchasing an additional 39,361 shares during the period. Acadian Asset Management LLC owned about 0.43% of Bluegreen Vacations worth $2,713,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Angelo Gordon & CO. L.P. boosted its stake in Bluegreen Vacations by 0.4% in the fourth quarter. Angelo Gordon & CO. L.P. now owns 1,427,605 shares of the company’s stock worth $50,109,000 after buying an additional 6,332 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Bluegreen Vacations in the fourth quarter worth approximately $50,000. Quinn Opportunity Partners LLC purchased a new stake in Bluegreen Vacations in the fourth quarter worth approximately $2,242,000. Renaissance Technologies LLC boosted its stake in Bluegreen Vacations by 38.1% in the fourth quarter. Renaissance Technologies LLC now owns 404,561 shares of the company’s stock worth $14,200,000 after buying an additional 111,700 shares in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in Bluegreen Vacations in the first quarter worth approximately $89,000. 40.99% of the stock is currently owned by institutional investors.

Bluegreen Vacations Stock Performance

Shares of BVH stock opened at $19.98 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. Bluegreen Vacations Holding Co. has a fifty-two week low of $19.75 and a fifty-two week high of $36.10. The stock has a 50 day moving average price of $24.46 and a two-hundred day moving average price of $26.64. The company has a market capitalization of $377.04 million, a P/E ratio of 6.02 and a beta of 1.69.

Bluegreen Vacations Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Investors of record on Monday, August 8th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.00%. Bluegreen Vacations’s dividend payout ratio is presently 18.07%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial cut their target price on Bluegreen Vacations from $57.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, August 12th. TheStreet upgraded Bluegreen Vacations from a “d+” rating to a “c-” rating in a research report on Wednesday, August 3rd. Finally, B. Riley reiterated a “buy” rating on shares of Bluegreen Vacations in a research report on Monday, July 25th.

Bluegreen Vacations Profile

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Bluegreen Vacations Holding Corporation operates as a vacation ownership company. It markets and sells vacation ownership interests (VOI); and manages resorts in leisure and urban destinations, including Orlando, Las Vegas, Myrtle Beach, Charleston and New Orleans, and others. The company also provides resort management, mortgage, title, reservation, and construction design and development services; and financing to qualified VOI purchasers, as well as management services to the vacation club and homeowners' associations.

Further Reading

Institutional Ownership by Quarter for Bluegreen Vacations (NYSE:BVH)

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