Millennium Management LLC Grows Position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Millennium Management LLC boosted its position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) by 1,018.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 298,502 shares of the company's stock after acquiring an additional 271,808 shares during the period. Millennium Management LLC owned 0.41% of Blue Ridge Bankshares worth $961,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BRBS. Dimensional Fund Advisors LP boosted its holdings in shares of Blue Ridge Bankshares by 241.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 217,410 shares of the company's stock worth $700,000 after purchasing an additional 153,731 shares during the period. Truffle Hound Capital LLC bought a new position in Blue Ridge Bankshares during the 4th quarter valued at approximately $483,000. Raymond James Financial Inc. purchased a new stake in Blue Ridge Bankshares in the 4th quarter worth approximately $364,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Blue Ridge Bankshares in the 4th quarter worth approximately $380,000. Finally, Jane Street Group LLC grew its position in shares of Blue Ridge Bankshares by 264.1% in the 4th quarter. Jane Street Group LLC now owns 151,686 shares of the company's stock worth $488,000 after buying an additional 110,023 shares during the last quarter. Hedge funds and other institutional investors own 50.48% of the company's stock.

Blue Ridge Bankshares Trading Up 0.9%

Blue Ridge Bankshares stock traded up $0.03 during mid-day trading on Friday, reaching $3.42. 167,405 shares of the company traded hands, compared to its average volume of 267,302. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.05. Blue Ridge Bankshares, Inc. has a 52-week low of $2.45 and a 52-week high of $3.83. The firm has a market capitalization of $311.83 million, a price-to-earnings ratio of -5.34 and a beta of 0.80. The firm's 50 day moving average price is $3.35 and its 200 day moving average price is $3.38.

Blue Ridge Bankshares Company 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.