Renaissance Technologies LLC Increases Stock Position in Blue Foundry Bancorp $BLFY

Key Points

• Renaissance Technologies increased its Blue Foundry Bancorp stake by 58% in the first quarter, adding 124,200 shares to own 338,400 shares, or approximately 1.63% of the company, valued at $4.48 million.
• Other institutional investors also expanded or initiated positions in BLFY, bringing total hedge fund and institutional ownership to 56.52%.
• Blue Foundry Bancorp shares opened at $13.24, with a market capitalization of approximately $274.9 million and a 52-week trading range of $7.61 to $14.74.

Renaissance Technologies LLC raised its stake in shares of Blue Foundry Bancorp (NASDAQ:BLFY - Free Report) by 58.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 338,400 shares of the company's stock after acquiring an additional 124,200 shares during the period. Renaissance Technologies LLC owned approximately 1.63% of Blue Foundry Bancorp worth $4,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BLFY. BNP Paribas Financial Markets boosted its position in shares of Blue Foundry Bancorp by 72.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,066 shares of the company's stock worth $37,000 after purchasing an additional 1,713 shares during the period. Royal Bank of Canada raised its position in Blue Foundry Bancorp by 19.3% in the fourth quarter. Royal Bank of Canada now owns 4,605 shares of the company's stock valued at $57,000 after purchasing an additional 744 shares during the period. Tower Research Capital LLC TRC raised its position in Blue Foundry Bancorp by 257.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,156 shares of the company's stock valued at $49,000 after purchasing an additional 3,715 shares during the period. SG Americas Securities LLC acquired a new position in Blue Foundry Bancorp during the first quarter worth $126,000. Finally, Summit Securities Group LLC purchased a new position in shares of Blue Foundry Bancorp during the first quarter worth $132,000. 56.52% of the stock is owned by hedge funds and other institutional investors.

Blue Foundry Bancorp Stock Performance

Shares of NASDAQ BLFY opened at $13.24 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $274.88 million, a PE ratio of -28.78 and a beta of 0.55. Blue Foundry Bancorp has a twelve month low of $7.61 and a twelve month high of $14.74. The stock has a fifty day simple moving average of $13.24 and a 200-day simple moving average of $13.29.

Blue Foundry Bancorp Company 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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