Graham Capital Wealth Management LLC Grows Stock Position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Key Points

• Graham Capital Wealth Management LLC increased its holdings in Blue Ridge Bankshares, Inc. by 46.7%, acquiring a total of 766,322 shares, valued at approximately $2.50 million.
• Blue Ridge Bankshares has a market cap of $341.92 million, a P/E ratio of -5.86, and shares have ranged from a one-year low of $2.45 to a high of $4.05.
• Institutional investors own 50.48% of Blue Ridge Bankshares, with multiple firms, including Alpine Global Management and Wells Fargo, establishing new positions in the fourth quarter.

Graham Capital Wealth Management LLC lifted its holdings in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) by 46.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 766,322 shares of the company's stock after acquiring an additional 243,844 shares during the period. Blue Ridge Bankshares accounts for approximately 2.8% of Graham Capital Wealth Management LLC's investment portfolio, making the stock its 17th biggest holding. Graham Capital Wealth Management LLC owned approximately 0.87% of Blue Ridge Bankshares worth $2,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alpine Global Management LLC acquired a new stake in shares of Blue Ridge Bankshares during the 4th quarter worth about $34,000. Boothbay Fund Management LLC purchased a new position in shares of Blue Ridge Bankshares in the 4th quarter valued at approximately $41,000. Wells Fargo & Company MN purchased a new position in shares of Blue Ridge Bankshares in the 4th quarter valued at approximately $42,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Blue Ridge Bankshares in the fourth quarter valued at approximately $43,000. Finally, Arcus Capital Partners LLC purchased a new stake in shares of Blue Ridge Bankshares in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 50.48% of the company's stock.

Blue Ridge Bankshares Price Performance

Shares of Blue Ridge Bankshares stock traded up $0.08 during trading on Thursday, reaching $3.69. The company's stock had a trading volume of 124,106 shares, compared to its average volume of 363,933. The business has a 50 day moving average price of $3.54 and a 200-day moving average price of $3.44. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $335.99 million, a P/E ratio of -5.76 and a beta of 0.81. Blue Ridge Bankshares, Inc. has a 12-month low of $2.45 and a 12-month high of $4.05.

Blue Ridge Bankshares 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.