Avior Wealth Management LLC Buys 7,265 Shares of BrightSpire Capital, Inc. (NYSE:BRSP)

Avior Wealth Management LLC lifted its stake in BrightSpire Capital, Inc. (NYSE:BRSP) by 363.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,266 shares of the company’s stock after buying an additional 7,265 shares during the period. Avior Wealth Management LLC’s holdings in BrightSpire Capital were worth $52,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Entropy Technologies LP bought a new position in BrightSpire Capital during the third quarter worth about $133,000. State of New Jersey Common Pension Fund D lifted its stake in BrightSpire Capital by 5.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 339,653 shares of the company’s stock worth $1,902,000 after purchasing an additional 16,201 shares during the period. Atria Investments Inc lifted its stake in BrightSpire Capital by 34.5% during the third quarter. Atria Investments Inc now owns 30,338 shares of the company’s stock worth $170,000 after purchasing an additional 7,779 shares during the period. Private Management Group Inc. lifted its stake in BrightSpire Capital by 1.9% during the third quarter. Private Management Group Inc. now owns 4,574,973 shares of the company’s stock worth $25,620,000 after purchasing an additional 85,787 shares during the period. Finally, Diversify Advisory Services LLC lifted its stake in BrightSpire Capital by 27.9% during the third quarter. Diversify Advisory Services LLC now owns 25,131 shares of the company’s stock worth $134,000 after purchasing an additional 5,482 shares during the period. Institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Stock Performance

NYSE:BRSP opened at $6.23 on Monday. BrightSpire Capital, Inc. has a 1 year low of $5.07 and a 1 year high of $8.01. The firm has a 50 day moving average of $5.78 and a 200-day moving average of $5.87. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $807.94 million, a P/E ratio of -6.11 and a beta of 1.87.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and set a $7.50 price target on shares of BrightSpire Capital in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.00.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.