Kennedy Capital Management LLC Invests $868,000 in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Kennedy Capital Management LLC bought a new stake in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) during the fourth quarter, HoldingsChannel reports. The fund bought 269,674 shares of the company’s stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BRBS. Renaissance Technologies LLC boosted its holdings in shares of Blue Ridge Bankshares by 221.4% in the 4th quarter. Renaissance Technologies LLC now owns 625,200 shares of the company’s stock valued at $2,013,000 after acquiring an additional 430,700 shares during the last quarter. Graham Capital Wealth Management LLC lifted its position in Blue Ridge Bankshares by 1,446.2% during the fourth quarter. Graham Capital Wealth Management LLC now owns 522,478 shares of the company’s stock valued at $1,682,000 after purchasing an additional 488,687 shares during the period. Geode Capital Management LLC boosted its holdings in Blue Ridge Bankshares by 186.1% in the third quarter. Geode Capital Management LLC now owns 451,861 shares of the company’s stock valued at $1,265,000 after purchasing an additional 293,897 shares during the last quarter. Alliancebernstein L.P. grew its position in Blue Ridge Bankshares by 5.3% during the 4th quarter. Alliancebernstein L.P. now owns 394,556 shares of the company’s stock worth $1,270,000 after purchasing an additional 19,735 shares during the period. Finally, Truffle Hound Capital LLC purchased a new position in shares of Blue Ridge Bankshares during the 4th quarter valued at about $483,000. Institutional investors and hedge funds own 50.48% of the company’s stock.

Insider Buying and Selling at Blue Ridge Bankshares

In related news, Director Carolyn J. Woodruff sold 8,924 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $3.75, for a total transaction of $33,465.00. Following the sale, the director now directly owns 138,179 shares of the company’s stock, valued at approximately $518,171.25. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.92% of the stock is currently owned by corporate insiders.

Blue Ridge Bankshares Stock Up 1.6 %

Shares of BRBS opened at $3.10 on Tuesday. The company has a market capitalization of $272.15 million, a price-to-earnings ratio of -4.84 and a beta of 0.82. Blue Ridge Bankshares, Inc. has a 52 week low of $2.45 and a 52 week high of $3.83. The stock’s 50-day moving average price is $3.38 and its 200-day moving average price is $3.27. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.68.

About Blue Ridge Bankshares

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.