AQR Capital Management LLC Invests $72,000 in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

AQR Capital Management LLC acquired a new position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,446 shares of the company’s stock, valued at approximately $72,000. AQR Capital Management LLC owned approximately 0.12% of Blue Ridge Bankshares as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackBarn Capital Partners LP purchased a new stake in Blue Ridge Bankshares during the second quarter worth approximately $12,274,000. Vanguard Group Inc. boosted its holdings in shares of Blue Ridge Bankshares by 1.0% in the first quarter. Vanguard Group Inc. now owns 853,525 shares of the company’s stock valued at $2,296,000 after acquiring an additional 8,057 shares during the period. Empowered Funds LLC boosted its holdings in shares of Blue Ridge Bankshares by 8.1% in the first quarter. Empowered Funds LLC now owns 53,612 shares of the company’s stock valued at $144,000 after acquiring an additional 4,025 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Blue Ridge Bankshares in the second quarter valued at approximately $36,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Blue Ridge Bankshares in the second quarter valued at approximately $73,000. 50.48% of the stock is owned by institutional investors and hedge funds.

Blue Ridge Bankshares Price Performance

BRBS stock opened at $2.81 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.75. The business has a 50 day simple moving average of $2.75 and a 200-day simple moving average of $2.76. Blue Ridge Bankshares, Inc. has a twelve month low of $2.05 and a twelve month high of $3.99. The company has a market capitalization of $64.47 million, a P/E ratio of -0.77 and a beta of 0.68.

Blue Ridge Bankshares (NASDAQ:BRBS) last issued its quarterly earnings results on Thursday, July 25th. The company reported ($0.47) earnings per share for the quarter. Blue Ridge Bankshares had a negative return on equity of 28.09% and a negative net margin of 32.61%. The company had revenue of $20.39 million for the quarter.

Blue Ridge Bankshares Company Profile

Blue Ridge Bankshares, Inc operates as a bank holding company for the Blue Ridge Bank, National Association that provides commercial and consumer banking, and financial services. It operates through: Commercial Banking and Mortgage Banking segments. The company accepts checking, savings, money market, cash management, and individual retirement accounts, as well as certificates of deposit.