Aigen Investment Management LP Takes $133,000 Position in Broadmark Realty Capital Inc. (NYSE:BRMK)

Aigen Investment Management LP bought a new stake in shares of Broadmark Realty Capital Inc. (NYSE:BRMKGet Rating) during the first quarter, HoldingsChannel reports. The firm bought 15,426 shares of the company’s stock, valued at approximately $133,000.

A number of other hedge funds have also recently modified their holdings of the business. Resources Investment Advisors LLC. boosted its holdings in shares of Broadmark Realty Capital by 15.7% during the 1st quarter. Resources Investment Advisors LLC. now owns 59,741 shares of the company’s stock valued at $517,000 after buying an additional 8,115 shares in the last quarter. Bridgewater Advisors Inc. boosted its holdings in shares of Broadmark Realty Capital by 2.4% during the 1st quarter. Bridgewater Advisors Inc. now owns 71,410 shares of the company’s stock valued at $618,000 after buying an additional 1,701 shares in the last quarter. Crescent Grove Advisors LLC bought a new stake in shares of Broadmark Realty Capital during the 1st quarter valued at $205,000. ETF Store Inc. boosted its holdings in shares of Broadmark Realty Capital by 9.5% during the 1st quarter. ETF Store Inc. now owns 28,465 shares of the company’s stock valued at $227,000 after buying an additional 2,473 shares in the last quarter. Finally, Truvestments Capital LLC raised its position in shares of Broadmark Realty Capital by 13.4% in the 1st quarter. Truvestments Capital LLC now owns 176,450 shares of the company’s stock worth $1,526,000 after purchasing an additional 20,864 shares during the last quarter. Institutional investors own 48.37% of the company’s stock.

Insiders Place Their Bets

In other Broadmark Realty Capital news, CEO Brian Phillip Ward bought 31,925 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was acquired at an average price of $6.26 per share, with a total value of $199,850.50. Following the transaction, the chief executive officer now owns 114,748 shares in the company, valued at $718,322.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is owned by insiders.

Broadmark Realty Capital Price Performance

BRMK opened at $7.45 on Friday. Broadmark Realty Capital Inc. has a 1 year low of $6.12 and a 1 year high of $10.72. The stock has a 50-day moving average price of $6.99 and a 200-day moving average price of $7.90. The firm has a market cap of $989.29 million, a PE ratio of 12.21 and a beta of 0.86.

Broadmark Realty Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 29th will be given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 11.28%. The ex-dividend date of this dividend is Thursday, July 28th. Broadmark Realty Capital’s dividend payout ratio (DPR) is 137.70%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BRMK shares. B. Riley lowered their price target on Broadmark Realty Capital from $12.50 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, June 15th. TheStreet lowered Broadmark Realty Capital from a “c-” rating to a “d” rating in a research report on Friday, May 20th. Finally, Piper Sandler started coverage on Broadmark Realty Capital in a research report on Friday, June 17th. They issued a “neutral” rating and a $7.00 price target for the company.

Broadmark Realty Capital Company Profile

(Get Rating)

Broadmark Realty Capital Inc operates as a commercial real estate finance company in the United States. It engages in underwriting, funding, servicing, and managing a portfolio of short-term trust loans to fund the construction and development, or investment in residential or commercial properties. The company has elected to be taxed as a real estate investment trust.

Read More

Want to see what other hedge funds are holding BRMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadmark Realty Capital Inc. (NYSE:BRMKGet Rating).

Institutional Ownership by Quarter for Broadmark Realty Capital (NYSE:BRMK)

Receive News & Ratings for Broadmark Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadmark Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.