Kennedy Capital Management LLC acquired a new stake in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 269,674 shares of the company's stock, valued at approximately $868,000. Kennedy Capital Management LLC owned about 0.37% of Blue Ridge Bankshares as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRBS. Wells Fargo & Company MN acquired a new stake in shares of Blue Ridge Bankshares in the fourth quarter valued at about $42,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Blue Ridge Bankshares during the 4th quarter worth approximately $43,000. LPL Financial LLC boosted its holdings in shares of Blue Ridge Bankshares by 124.4% in the 4th quarter. LPL Financial LLC now owns 24,060 shares of the company's stock valued at $77,000 after buying an additional 13,339 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Blue Ridge Bankshares in the fourth quarter valued at $79,000. Finally, American Century Companies Inc. acquired a new position in Blue Ridge Bankshares during the fourth quarter worth $118,000. 50.48% of the stock is owned by institutional investors.
Blue Ridge Bankshares Stock Performance
BRBS stock traded up $0.06 during trading hours on Friday, reaching $3.13. The stock had a trading volume of 220,331 shares, compared to its average volume of 253,787. The stock has a market capitalization of $274.78 million, a PE ratio of -4.89 and a beta of 0.82. The stock has a 50-day simple moving average of $3.35 and a 200 day simple moving average of $3.28. Blue Ridge Bankshares, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $3.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.05.
Insider Activity at Blue Ridge Bankshares
In other Blue Ridge Bankshares news, Director Carolyn J. Woodruff sold 8,924 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $3.75, for a total value of $33,465.00. Following the sale, the director now owns 138,179 shares in the company, valued at $518,171.25. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.92% of the stock is currently owned by company insiders.
Blue Ridge Bankshares Profile
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Free Report)
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.
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