Voloridge Investment Management LLC Buys New Stake in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Voloridge Investment Management LLC bought a new position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 64,087 shares of the bank's stock, valued at approximately $756,000. Voloridge Investment Management LLC owned 0.07% of Brookline Bancorp as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BRKL. Sterling Capital Management LLC increased its holdings in shares of Brookline Bancorp by 805.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,825 shares of the bank's stock valued at $33,000 after acquiring an additional 2,513 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Brookline Bancorp in the 4th quarter worth $72,000. KBC Group NV increased its stake in shares of Brookline Bancorp by 60.3% during the fourth quarter. KBC Group NV now owns 6,438 shares of the bank's stock worth $76,000 after acquiring an additional 2,421 shares during the period. Focus Partners Wealth purchased a new position in Brookline Bancorp during the fourth quarter worth about $121,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Brookline Bancorp in the fourth quarter valued at about $129,000. Hedge funds and other institutional investors own 78.91% of the company's stock.

Brookline Bancorp Price Performance

Shares of BRKL traded up $0.15 during trading hours on Tuesday, reaching $10.39. The company had a trading volume of 97,806 shares, compared to its average volume of 589,690. The firm has a 50 day simple moving average of $10.40 and a 200-day simple moving average of $11.38. Brookline Bancorp, Inc. has a 12-month low of $8.01 and a 12-month high of $13.15. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $925.80 million, a price-to-earnings ratio of 13.49 and a beta of 0.88.

Brookline Bancorp (NASDAQ:BRKL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Brookline Bancorp had a return on equity of 5.94% and a net margin of 10.51%. The firm had revenue of $91.49 million for the quarter, compared to analyst estimates of $91.38 million. Research analysts expect that Brookline Bancorp, Inc. will post 1.35 earnings per share for the current year.

Brookline Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.135 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.54 dividend on an annualized basis and a yield of 5.20%. Brookline Bancorp's payout ratio is 65.85%.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on Brookline Bancorp in a report on Monday, May 19th. They issued a "hold" rating for the company.

About Brookline Bancorp

Brookline Bancorp, Inc operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company's loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.