Blue Foundry Bancorp $BLFY Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors reduced its Blue Foundry Bancorp stake by 19.7% in the first quarter, selling 167,663 shares and retaining 684,600 shares worth approximately $9.06 million, or 3.3% of the company.
• Several institutional investors established or increased positions in BLFY, while hedge funds and other institutions collectively owned 56.52% of the company’s stock.
• Blue Foundry Bancorp shares opened at $13.24, near their 50-day moving average, with a one-year trading range of $7.61 to $14.74 and a market capitalization of approximately $274.9 million.

Dimensional Fund Advisors LP trimmed its position in shares of Blue Foundry Bancorp (NASDAQ:BLFY - Free Report) by 19.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 684,600 shares of the company's stock after selling 167,663 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.30% of Blue Foundry Bancorp worth $9,063,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BLFY. Glazer Capital LLC purchased a new position in shares of Blue Foundry Bancorp in the fourth quarter worth about $11,945,000. First Trust Capital Management L.P. acquired a new stake in Blue Foundry Bancorp in the 4th quarter valued at about $7,486,000. ABC Arbitrage SA purchased a new position in Blue Foundry Bancorp in the 4th quarter worth approximately $2,496,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Blue Foundry Bancorp during the 2nd quarter worth approximately $1,290,000. Finally, Chicago Capital Management LLC boosted its holdings in shares of Blue Foundry Bancorp by 639.9% during the 1st quarter. Chicago Capital Management LLC now owns 146,012 shares of the company's stock worth $1,933,000 after purchasing an additional 126,278 shares during the last quarter. Hedge funds and other institutional investors own 56.52% of the company's stock.

Blue Foundry Bancorp Price Performance

NASDAQ:BLFY opened at $13.24 on Monday. Blue Foundry Bancorp has a one year low of $7.61 and a one year high of $14.74. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $274.88 million, a PE ratio of -28.78 and a beta of 0.55. The stock has a 50 day moving average price of $13.24 and a 200 day moving average price of $13.29.

Blue Foundry Bancorp Profile

Blue Foundry Bancorp, Inc NASDAQ: BLFY is a bank holding company headquartered in Paramus, New Jersey, serving the Greater New York metropolitan area. Through its wholly owned subsidiary, Blue Foundry Bank, the company offers a full suite of deposit products, including personal and business checking and savings accounts, certificates of deposit, and a robust online and mobile banking platform.

In addition to deposit accounts, Blue Foundry Bancorp provides a range of lending solutions designed for both individual and commercial clients.

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