Ponce Financial Group, Inc. (NASDAQ:PDLB) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 39.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,439 shares of the company’s stock after selling 8,209 shares during the quarter. Jane Street Group LLC’s holdings in Ponce Financial Group were worth $145,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ponce Financial Group during the third quarter valued at about $514,000. Bank of New York Mellon Corp lifted its position in shares of Ponce Financial Group by 13.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company’s stock valued at $566,000 after acquiring an additional 7,537 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in Ponce Financial Group by 20.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company’s stock worth $657,000 after purchasing an additional 9,369 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Ponce Financial Group by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock worth $674,000 after purchasing an additional 3,500 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Ponce Financial Group by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company’s stock worth $6,542,000 after purchasing an additional 64,452 shares in the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

Ponce Financial Group Price Performance

PDLB opened at $12.77 on Tuesday. The firm has a market capitalization of $304.30 million, a P/E ratio of 34.51 and a beta of 0.65. The stock has a fifty day moving average of $12.82 and a 200-day moving average of $11.41. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.08. Ponce Financial Group, Inc. has a 12-month low of $7.89 and a 12-month high of $13.43.

Ponce Financial Group Company Profile

Ponce Financial Group, Inc operates as the bank holding company for Ponce Bank that provides various banking products and services. It offers various deposit products, including demand accounts, NOW/IOLA, money market, reciprocal deposits, savings accounts, and certificates of deposit to individuals, business entities, and non-profit organizations, as well as individual retirement accounts.