683 Capital Management LLC bought a new stake in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 198,084 shares of the company's stock, valued at approximately $638,000. 683 Capital Management LLC owned approximately 0.27% of Blue Ridge Bankshares as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Jane Street Group LLC increased its position in shares of Blue Ridge Bankshares by 264.1% during the 4th quarter. Jane Street Group LLC now owns 151,686 shares of the company's stock valued at $488,000 after purchasing an additional 110,023 shares during the last quarter. Raffles Associates LP boosted its stake in Blue Ridge Bankshares by 39.6% in the fourth quarter. Raffles Associates LP now owns 59,934 shares of the company's stock valued at $193,000 after acquiring an additional 17,000 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Blue Ridge Bankshares during the 4th quarter valued at approximately $380,000. Northern Trust Corp raised its holdings in shares of Blue Ridge Bankshares by 63.8% in the 4th quarter. Northern Trust Corp now owns 98,086 shares of the company's stock worth $316,000 after purchasing an additional 38,190 shares during the period. Finally, Boothbay Fund Management LLC bought a new position in Blue Ridge Bankshares during the fourth quarter valued at $41,000. 50.48% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Blue Ridge Bankshares news, Director Carolyn J. Woodruff sold 8,924 shares of Blue Ridge Bankshares stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $3.75, for a total transaction of $33,465.00. Following the completion of the transaction, the director now owns 138,179 shares of the company's stock, valued at $518,171.25. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.08% of the company's stock.
Blue Ridge Bankshares Stock Performance
Shares of NASDAQ BRBS traded down $0.03 during trading on Tuesday, reaching $3.47. 80,178 shares of the stock traded hands, compared to its average volume of 196,221. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a market capitalization of $304.61 million, a P/E ratio of -5.42 and a beta of 0.80. Blue Ridge Bankshares, Inc. has a 52-week low of $2.45 and a 52-week high of $3.83. The company has a 50-day moving average of $3.30 and a 200-day moving average of $3.33.
Blue Ridge Bankshares Company Profile
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Free Report)
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.
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