23,752 Shares in BrightSpire Capital, Inc. (NYSE:BRSP) Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new position in BrightSpire Capital, Inc. (NYSE:BRSP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,752 shares of the company’s stock, valued at approximately $133,000.

Several other large investors have also modified their holdings of BRSP. Private Advisor Group LLC lifted its stake in shares of BrightSpire Capital by 232.7% during the 2nd quarter. Private Advisor Group LLC now owns 486,886 shares of the company’s stock worth $2,775,000 after acquiring an additional 340,563 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of BrightSpire Capital during the second quarter worth $1,844,000. Van ECK Associates Corp boosted its stake in shares of BrightSpire Capital by 34.7% during the second quarter. Van ECK Associates Corp now owns 1,067,438 shares of the company’s stock valued at $6,084,000 after purchasing an additional 275,175 shares during the period. Renaissance Technologies LLC grew its holdings in shares of BrightSpire Capital by 50.1% in the second quarter. Renaissance Technologies LLC now owns 294,200 shares of the company’s stock worth $1,677,000 after purchasing an additional 98,236 shares during the last quarter. Finally, Private Management Group Inc. increased its stake in BrightSpire Capital by 1.9% in the 3rd quarter. Private Management Group Inc. now owns 4,574,973 shares of the company’s stock worth $25,620,000 after buying an additional 85,787 shares during the period. Hedge funds and other institutional investors own 56.57% of the company’s stock.

BrightSpire Capital Price Performance

Shares of BRSP stock opened at $6.22 on Monday. BrightSpire Capital, Inc. has a twelve month low of $5.07 and a twelve month high of $8.01. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.78. The stock has a fifty day simple moving average of $5.74 and a two-hundred day simple moving average of $5.87. The stock has a market capitalization of $806.61 million, a price-to-earnings ratio of -6.10 and a beta of 1.87.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market outperform” rating and issued a $7.50 price objective on shares of BrightSpire Capital in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, BrightSpire Capital has an average rating of “Hold” and a consensus price target of $7.00.

About BrightSpire Capital

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.