BrightSpire Capital Inc (NYSE: BRSP) is 1.60% higher on its value in year-to-date trading and has touched a low of $5.07 and a high of $7.04 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BRSP stock was last observed hovering at around $5.71 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $5.73, the stock is 1.42% and -3.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 0.35% at the moment leaves the stock -3.08% off its SMA200. BRSP registered -18.38% loss for a year compared to 6-month gain of 11.91%. The firm has a 50-day simple moving average (SMA 50) of $5.946 and a 200-day simple moving average (SMA200) of $5.9142.
The stock witnessed a -1.72% loss in the last 1 month and extending the period to 3 months gives it a -1.55%, and is 2.32% 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 3.06% over the week and 2.82% over the month.
BrightSpire Capital Inc (BRSP) has around 55 employees, a market worth around $743.10M and $379.85M in sales. Fwd P/E is 7.50. Profit margin for the company is -34.09%. Distance from 52-week low is 13.02% and -18.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.62%).
with sales reaching $65.81M over the same period.The EPS is expected to shrink by -23.05% this year, but quarterly earnings will post 21.45% year-over-year. Quarterly sales are estimated to grow 9.95% in year-over-year returns.
253.0 institutions hold shares in BrightSpire Capital Inc (BRSP), with institutional investors hold 66.71% of the company’s shares. The shares outstanding are 129.69M, and float is at 126.89M with Short Float at 0.96%. Institutions hold 65.31% 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,. 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.
