23,752 Shares in BrightSpire Capital, Inc. (NYSE:BRSP) Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,752 shares of the company’s stock, valued at approximately $133,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of BrightSpire Capital by 2,407.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,992 shares of the company’s stock worth $41,000 after purchasing an additional 5,753 shares during the last quarter. ORG Partners LLC bought a new position in BrightSpire Capital in the third quarter worth about $53,000. EverSource Wealth Advisors LLC lifted its position in shares of BrightSpire Capital by 5,602.8% during the second quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the company’s stock valued at $59,000 after buying an additional 10,085 shares during the last quarter. McAdam LLC bought a new stake in shares of BrightSpire Capital in the 3rd quarter valued at about $58,000. Finally, Founders Financial Securities LLC purchased a new position in shares of BrightSpire Capital in the 2nd quarter worth approximately $62,000. 56.57% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market outperform” rating and issued a $7.50 target price on shares of BrightSpire Capital in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.00.

BrightSpire Capital Price Performance

Shares of NYSE BRSP opened at $6.22 on Monday. BrightSpire Capital, Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $8.01. The company has a market cap of $806.61 million, a PE ratio of -6.10 and a beta of 1.87. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.73 and a current ratio of 0.73. The business has a 50-day simple moving average of $5.74 and a two-hundred day simple moving average of $5.87.

BrightSpire Capital 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.