Blue Edge Capital LLC Takes Position in Blue Ridge Bankshares, Inc. $BRBS

Blue Edge Capital LLC bought a new position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 152,514 shares of the company’s stock, valued at approximately $538,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bridgeway Capital Management LLC raised its holdings in Blue Ridge Bankshares by 1.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 193,976 shares of the company’s stock valued at $696,000 after acquiring an additional 3,612 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Blue Ridge Bankshares by 20.4% during the fourth quarter. AQR Capital Management LLC now owns 21,425 shares of the company’s stock worth $91,000 after acquiring an additional 3,632 shares during the period. Occudo Quantitative Strategies LP grew its position in shares of Blue Ridge Bankshares by 20.1% in the third quarter. Occudo Quantitative Strategies LP now owns 34,659 shares of the company’s stock valued at $147,000 after purchasing an additional 5,804 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Blue Ridge Bankshares by 436.4% in the second quarter. BNP Paribas Financial Markets now owns 7,434 shares of the company’s stock valued at $27,000 after purchasing an additional 6,048 shares during the last quarter. Finally, MV Capital Management Inc. bought a new position in shares of Blue Ridge Bankshares during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 50.48% of the company’s stock.

Blue Ridge Bankshares Stock Performance

NASDAQ:BRBS opened at $3.90 on Friday. The stock has a market cap of $349.79 million, a P/E ratio of -6.09 and a beta of 0.78. The stock has a 50 day simple moving average of $3.61 and a 200 day simple moving average of $3.69. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. Blue Ridge Bankshares, Inc. has a 1-year low of $3.22 and a 1-year high of $4.78.

Blue Ridge Bankshares Company Profile

Blue Ridge Bankshares, Inc is a bank holding company headquartered in Fort Valley, Virginia. Through its wholly owned subsidiary, Blue Ridge Bank, it offers a comprehensive suite of commercial and consumer banking services to individuals, businesses and agricultural clients. The company emphasizes a relationship-driven approach, leveraging local knowledge to deliver customized financial solutions.

Its product lineup includes deposit offerings such as checking, savings and money market accounts, as well as certificates of deposit.