Renaissance Technologies LLC Grows Stake in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Renaissance Technologies LLC grew its position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) by 221.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 625,200 shares of the company's stock after acquiring an additional 430,700 shares during the quarter. Renaissance Technologies LLC owned 0.85% of Blue Ridge Bankshares worth $2,013,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BRBS. Graham Capital Wealth Management LLC lifted its stake in shares of Blue Ridge Bankshares by 1,446.2% in the fourth quarter. Graham Capital Wealth Management LLC now owns 522,478 shares of the company's stock valued at $1,682,000 after buying an additional 488,687 shares in the last quarter. Geode Capital Management LLC lifted its stake in Blue Ridge Bankshares by 186.1% in the third quarter. Geode Capital Management LLC now owns 451,861 shares of the company's stock valued at $1,265,000 after purchasing an additional 293,897 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Blue Ridge Bankshares by 5.3% during the fourth quarter. Alliancebernstein L.P. now owns 394,556 shares of the company's stock worth $1,270,000 after acquiring an additional 19,735 shares in the last quarter. Truffle Hound Capital LLC purchased a new stake in shares of Blue Ridge Bankshares during the fourth quarter worth $483,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Blue Ridge Bankshares in the fourth quarter worth $364,000. Institutional investors own 50.48% of the company's stock.

Insider Activity at Blue Ridge Bankshares

In related news, Director Carolyn J. Woodruff sold 8,924 shares of the stock in a transaction 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 transaction, the director now owns 138,179 shares of the company's stock, valued at $518,171.25. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.92% of the stock is owned by insiders.

Blue Ridge Bankshares Price Performance

Shares of BRBS stock traded up $0.06 on Thursday, reaching $3.49. The company's stock had a trading volume of 13,908 shares, compared to its average volume of 255,559. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.68. Blue Ridge Bankshares, Inc. has a 12-month low of $2.45 and a 12-month high of $3.83. The company has a market capitalization of $306.37 million, a P/E ratio of -5.45 and a beta of 0.82. The stock's 50 day simple moving average is $3.30 and its 200-day simple moving average is $3.30.

About Blue Ridge Bankshares

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.