Two Sigma Investments LP Takes $506,000 Position in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Two Sigma Investments LP bought a new position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 157,108 shares of the company’s stock, valued at approximately $506,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BRBS. Alpine Global Management LLC purchased a new stake in Blue Ridge Bankshares in the fourth quarter valued at approximately $34,000. Boothbay Fund Management LLC acquired a new stake in Blue Ridge Bankshares in the fourth quarter valued at $41,000. Wells Fargo & Company MN acquired a new stake in Blue Ridge Bankshares in the fourth quarter valued at $42,000. Dynamic Technology Lab Private Ltd bought a new stake in Blue Ridge Bankshares during the fourth quarter valued at $43,000. Finally, Tower Research Capital LLC TRC increased its stake in Blue Ridge Bankshares by 3,602.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 18,362 shares of the company’s stock valued at $59,000 after purchasing an additional 17,866 shares during the last quarter. Institutional investors and hedge funds own 50.48% of the company’s stock.

Blue Ridge Bankshares Stock Down 0.3%

Blue Ridge Bankshares stock opened at $3.41 on Tuesday. The company has a 50-day simple moving average of $3.36 and a 200-day simple moving average of $3.38. The firm has a market capitalization of $310.92 million, a P/E ratio of -5.33 and a beta of 0.80. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.06. Blue Ridge Bankshares, Inc. has a one year low of $2.45 and a one year high of $3.83.

Blue Ridge Bankshares Company Profile

Blue Ridge Bankshares, Inc operates as a bank holding company for the Blue Ridge Bank, National Association that provides commercial and consumer banking, and financial services. It operates through: Commercial Banking and Mortgage Banking segments. The company accepts checking, savings, money market, cash management, and individual retirement accounts, as well as certificates of deposit.