BrightSpire Capital, Inc. (NYSE:BRSP) Shares Purchased by Atria Investments Inc

Atria Investments Inc boosted its holdings in BrightSpire Capital, Inc. (NYSE:BRSP) by 34.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,338 shares of the company’s stock after buying an additional 7,779 shares during the quarter. Atria Investments Inc’s holdings in BrightSpire Capital were worth $170,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. ORG Partners LLC purchased a new position in BrightSpire Capital during the 3rd quarter worth approximately $53,000. EverSource Wealth Advisors LLC grew its position in BrightSpire Capital by 5,602.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock worth $59,000 after purchasing an additional 10,085 shares in the last quarter. McAdam LLC purchased a new position in BrightSpire Capital during the 3rd quarter worth approximately $58,000. Founders Financial Securities LLC purchased a new position in shares of BrightSpire Capital during the 2nd quarter valued at $62,000. Finally, RFG Advisory LLC purchased a new position in shares of BrightSpire Capital during the 2nd quarter valued at $68,000. Institutional investors and hedge funds own 56.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and set a $7.50 price target on shares of BrightSpire Capital in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, BrightSpire Capital has a consensus rating of “Hold” and a consensus price target of $7.00.

BrightSpire Capital Stock Up 0.8 %

BRSP stock opened at $6.23 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.78. BrightSpire Capital, Inc. has a 1 year low of $5.07 and a 1 year high of $8.01. The company has a fifty day simple moving average of $5.78 and a 200 day simple moving average of $5.87. The firm has a market cap of $807.94 million, a PE ratio of -6.11 and a beta of 1.87.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.