BlackBarn Capital Partners LP Has $8.50 Million Stock Holdings in Blue Ridge Bankshares, Inc. $BRBS

BlackBarn Capital Partners LP trimmed its holdings in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) by 45.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,368,234 shares of the company’s stock after selling 1,948,472 shares during the quarter. Blue Ridge Bankshares accounts for about 0.5% of BlackBarn Capital Partners LP’s portfolio, making the stock its 14th largest position. BlackBarn Capital Partners LP’s holdings in Blue Ridge Bankshares were worth $8,502,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BRBS. ProShare Advisors LLC acquired a new position in shares of Blue Ridge Bankshares during the second quarter worth $47,000. Police & Firemen s Retirement System of New Jersey bought a new position in Blue Ridge Bankshares during the 2nd quarter worth $64,000. Arcus Capital Partners LLC lifted its holdings in Blue Ridge Bankshares by 39.0% during the 2nd quarter. Arcus Capital Partners LLC now owns 19,977 shares of the company’s stock worth $72,000 after buying an additional 5,609 shares during the period. Ellerson Group Inc. ADV acquired a new position in Blue Ridge Bankshares during the 2nd quarter worth about $83,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Blue Ridge Bankshares in the 2nd quarter valued at about $85,000. Institutional investors own 50.48% of the company’s stock.

Blue Ridge Bankshares Price Performance

Shares of BRBS opened at $4.53 on Friday. The business has a 50-day moving average of $4.33 and a 200-day moving average of $3.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.05. The company has a market capitalization of $414.45 million, a price-to-earnings ratio of -7.08 and a beta of 0.84. Blue Ridge Bankshares, Inc. has a 1 year low of $2.92 and a 1 year high of $4.78.

Blue Ridge Bankshares Announces Dividend

The company also recently declared a special dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 7th. Blue Ridge Bankshares’s dividend payout ratio (DPR) is presently 1,633.33%.

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.