Aigen Investment Management LP bought a new stake in shares of Broadmark Realty Capital Inc. (NYSE:BRMK – Get 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
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
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.
- Get a free copy of the StockNews.com research report on Broadmark Realty Capital (BRMK)
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