Private Advisor Group LLC Takes $895,000 Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Private Advisor Group LLC acquired a new stake in BrightSpire Capital, Inc. (NYSE:BRSP) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 151,668 shares of the company’s stock, valued at approximately $895,000. Private Advisor Group LLC owned approximately 0.12% of BrightSpire Capital at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of BrightSpire Capital by 39.2% in the third quarter. Vanguard Group Inc. now owns 8,820,067 shares of the company’s stock valued at $55,654,000 after buying an additional 2,485,731 shares in the last quarter. Private Management Group Inc. increased its position in shares of BrightSpire Capital by 58.0% during the first quarter. Private Management Group Inc. now owns 3,196,819 shares of the company’s stock worth $18,861,000 after purchasing an additional 1,173,108 shares in the last quarter. State Street Corp increased its position in shares of BrightSpire Capital by 3.5% during the third quarter. State Street Corp now owns 2,012,469 shares of the company’s stock worth $13,092,000 after purchasing an additional 67,823 shares in the last quarter. Geode Capital Management LLC increased its position in shares of BrightSpire Capital by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 1,760,750 shares of the company’s stock worth $10,969,000 after purchasing an additional 47,527 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of BrightSpire Capital by 757.2% during the second quarter. Goldman Sachs Group Inc. now owns 1,524,383 shares of the company’s stock worth $11,509,000 after purchasing an additional 1,346,560 shares in the last quarter. 57.63% of the stock is currently owned by hedge funds and other institutional investors.

BrightSpire Capital Stock Up 1.0 %

Shares of BRSP opened at $6.92 on Wednesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.49 and a current ratio of 0.49. BrightSpire Capital, Inc. has a one year low of $5.21 and a one year high of $8.86. The stock has a market capitalization of $899.53 million, a price-to-earnings ratio of -31.45 and a beta of 1.69. The stock has a 50 day moving average price of $6.88 and a 200 day moving average price of $6.39.

BrightSpire Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 11.56%. The ex-dividend date of this dividend was Thursday, June 29th. BrightSpire Capital’s payout ratio is -363.64%.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States. The company It focuses on originating, acquiring, financing, and managing a portfolio of CRE mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties.