BrightSpire Capital Inc (NYSE: BRSP) is -16.80% lower on its value in year-to-date trading and has touched a low of $5.07 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 $6.16 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $6.19, the stock is 10.67% and 9.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 0.49% at the moment leaves the stock 0.78% off its SMA200. BRSP registered -2.37% loss for a year compared to 6-month loss of 2.48%. The firm has a 50-day simple moving average (SMA 50) of $5.6716 and a 200-day simple moving average (SMA200) of $6.14755.
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The stock witnessed a 14.42% gain in the last 1 month and extending the period to 3 months gives it a 18.36%, and is 1.81% up 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 3.75% over the week and 3.07% over the month.
BrightSpire Capital Inc (BRSP) has around 55 employees, a market worth around $802.75M and $379.85M in sales. Fwd P/E is 8.16. Profit margin for the company is -34.09%. Distance from 52-week low is 22.09% and -22.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.62%).
The EPS is expected to shrink by -24.06% this year
270.0 institutions hold shares in BrightSpire Capital Inc (BRSP), with institutional investors hold 65.04% of the company’s shares. The shares outstanding are 129.99M, and float is at 126.91M with Short Float at 1.36%. Institutions hold 63.67% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.73 million shares valued at $72.57 million. The investor’s holdings represent 9.9987 of the BRSP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.63 million shares valued at $66.27 million to account for 9.1312 of the shares outstanding. The other top investors are NUT TREE CAPITAL MANAGEMENT, LP which holds 10.99 million shares representing 8.6345 and valued at over $62.67 million, while PRIVATE MANAGEMENT GROUP INC holds 3.5257 of the shares totaling 4.49 million with a market value of $25.59 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.
