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Who is the Top Investor In BrightSpire Capital Inc (BRSP)?

BrightSpire Capital Inc (NYSE: BRSP) is -11.69% lower on its value in year-to-date trading and has touched a low of $5.20 and a high of $8.01 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BRSP stock was last observed hovering at around $6.51 in the last trading session, with the day’s gains setting it 0.06%.

Currently trading at $6.57, the stock is -3.38% and -4.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 0.92% at the moment leaves the stock -3.04% off its SMA200. BRSP registered 11.36% gain for a year compared to 6-month gain of 10.23%. The firm has a 50-day simple moving average (SMA 50) of $8.50 and a 200-day simple moving average (SMA200) of $92.79.

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The stock witnessed a -0.45% loss in the last 1 month and extending the period to 3 months gives it a -10.49%, and is -4.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.62% over the week and 2.29% over the month.

BrightSpire Capital Inc (BRSP) has around 55 employees, a market worth around $854.03M and $407.32M in sales. Fwd P/E is 6.70. Profit margin for the company is -3.88%. Distance from 52-week low is 26.35% and -17.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.51%).

BrightSpire Capital Inc quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $28.5M over the same period.The EPS is expected to shrink by -18.11% this year, but quarterly earnings will post -11.20% year-over-year. Quarterly sales are estimated to shrink -13.50% in year-over-year returns.

263 institutions hold shares in BrightSpire Capital Inc (BRSP), with institutional investors hold 59.82% of the company’s shares. The shares outstanding are 129.99M, and float is at 127.19M with Short Float at 1.32%. Institutions hold 58.58% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 12.41 million shares valued at $83.51 million. The investor’s holdings represent 9.55% of the BRSP Shares outstanding. As of Jun 29, 2023, the second largest holder is Nut Tree Capital Management, LP with 10.99 million shares valued at $73.99 million to account for 8.46% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.68 million shares representing 8.22% and valued at over $71.88 million, while Conversant Capital LLC holds 3.70% of the shares totaling 4.81 million with a market value of $32.36 million.

BrightSpire Capital Inc (BRSP) Insider Activity

The most recent transaction is an insider sale by Palame David A, the company’s. SEC filings show that Palame David A sold 50,000 shares of the company’s common stock on Mar 27 ’24 at a price of $6.76 per share for a total of $0.34 million. Following the sale, the insider now owns 0.35 million shares.

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