Short Interest in Bluegreen Vacations Holding Co. (NYSE:BVH) Decreases By 9.4%

Bluegreen Vacations Holding Co. (NYSE:BVHGet Rating) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 308,200 shares, a decrease of 9.4% from the October 15th total of 340,000 shares. Approximately 2.6% of the shares of the company are short sold. Based on an average trading volume of 56,200 shares, the days-to-cover ratio is presently 5.5 days.

Bluegreen Vacations Stock Down 0.2 %

BVH stock opened at $21.01 on Friday. The firm’s fifty day moving average is $18.46 and its 200 day moving average is $22.73. Bluegreen Vacations has a one year low of $16.24 and a one year high of $36.10. The firm has a market cap of $415.37 million, a PE ratio of 6.09 and a beta of 1.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.09 and a current ratio of 1.09.

Bluegreen Vacations Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 21st. Stockholders of record on Monday, November 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.86%. Bluegreen Vacations’s dividend payout ratio (DPR) is 17.39%.

Analyst Ratings Changes

A number of analysts have recently weighed in on BVH shares. B. Riley reiterated a “buy” rating on shares of Bluegreen Vacations in a research note on Monday, July 25th. Truist Financial dropped their price target on shares of Bluegreen Vacations from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, TheStreet upgraded shares of Bluegreen Vacations from a “d+” rating to a “c-” rating in a research report on Wednesday, August 3rd.

Institutional Trading of Bluegreen Vacations

Institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of Bluegreen Vacations in the second quarter valued at about $29,000. Copeland Capital Management LLC purchased a new position in shares of Bluegreen Vacations in the third quarter worth about $26,000. Amalgamated Bank purchased a new position in shares of Bluegreen Vacations in the first quarter worth about $51,000. Nisa Investment Advisors LLC purchased a new position in shares of Bluegreen Vacations in the first quarter worth about $89,000. Finally, Tower Research Capital LLC TRC raised its stake in Bluegreen Vacations by 365.4% during the third quarter. Tower Research Capital LLC TRC now owns 4,258 shares of the company’s stock worth $70,000 after purchasing an additional 3,343 shares during the period. Institutional investors and hedge funds own 40.99% of the company’s stock.

About Bluegreen Vacations

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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.

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