Private Advisor Group LLC acquired a new stake in BrightSpire Capital, Inc. (NYSE:BRSP – Free Report) 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
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.
- Five stocks we like better than BrightSpire Capital
- P/E Ratio Calculation: How to Assess Stocks
- 3 Inexpensive Mid Cap Tech Stocks With Good Growth Prospects
- What Are Dividend Achievers? An Introduction
- 3 Reasons the Dick’s Sporting Goods Selloff Is a Steal
- What is a Secondary Public Offering? What Investors Need to Know
- Foot Locker Stock Takes a Big Hit…Is It a Retail Bargain?
Receive News & Ratings for BrightSpire Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BrightSpire Capital and related companies with MarketBeat.com's FREE daily email newsletter.