Jane Street Group LLC Has $1.08 Million Position in BrightSpire Capital, Inc. (NYSE:BRSP)

Jane Street Group LLC raised its holdings in BrightSpire Capital, Inc. (NYSE:BRSP) by 19.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193,470 shares of the company’s stock after buying an additional 31,865 shares during the period. Jane Street Group LLC owned about 0.15% of BrightSpire Capital worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Private Advisor Group LLC grew its position in BrightSpire Capital by 232.7% in the 2nd quarter. Private Advisor Group LLC now owns 486,886 shares of the company’s stock worth $2,775,000 after purchasing an additional 340,563 shares in the last quarter. Atria Investments Inc lifted its holdings in BrightSpire Capital by 34.5% during the third quarter. Atria Investments Inc now owns 30,338 shares of the company’s stock worth $170,000 after acquiring an additional 7,779 shares during the period. Van ECK Associates Corp boosted its position in BrightSpire Capital by 34.7% in the second quarter. Van ECK Associates Corp now owns 1,067,438 shares of the company’s stock worth $6,084,000 after purchasing an additional 275,175 shares during the last quarter. Renaissance Technologies LLC grew its stake in BrightSpire Capital by 50.1% in the 2nd quarter. Renaissance Technologies LLC now owns 294,200 shares of the company’s stock valued at $1,677,000 after purchasing an additional 98,236 shares during the period. Finally, Penserra Capital Management LLC increased its position in shares of BrightSpire Capital by 22.9% during the 3rd quarter. Penserra Capital Management LLC now owns 160,335 shares of the company’s stock valued at $897,000 after purchasing an additional 29,915 shares during the last quarter. Institutional investors own 56.57% of the company’s stock.

Analyst Ratings Changes

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

BrightSpire Capital Stock Down 1.5 %

BRSP stock opened at $5.74 on Tuesday. BrightSpire Capital, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $7.71. The stock has a fifty day moving average of $6.06 and a 200-day moving average of $5.90. The company has a market capitalization of $744.39 million, a price-to-earnings ratio of -5.63 and a beta of 1.87. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73.

BrightSpire Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.64 annualized dividend and a dividend yield of 11.15%. BrightSpire Capital’s payout ratio is -62.75%.

About BrightSpire Capital

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.