Nomura Holdings Inc. Acquires 165,792 Shares of BrightSpire Capital, Inc. $BRSP

by · The Cerbat Gem

Nomura Holdings Inc. increased its stake in shares of BrightSpire Capital, Inc. (NYSE:BRSP – Free Report) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,418,495 shares of the company’s stock after buying an additional 165,792 shares during the quarter. Nomura Holdings Inc.’s holdings in BrightSpire Capital were worth $17,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Management Group Inc. lifted its position in shares of BrightSpire Capital by 1.3% during the 2nd quarter. Private Management Group Inc. now owns 4,818,494 shares of the company’s stock worth $24,333,000 after buying an additional 60,262 shares during the last quarter. Geode Capital Management LLC boosted its holdings in BrightSpire Capital by 0.8% in the second quarter. Geode Capital Management LLC now owns 3,133,854 shares of the company’s stock valued at $15,828,000 after acquiring an additional 25,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BrightSpire Capital by 9.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,135,797 shares of the company’s stock worth $10,786,000 after buying an additional 185,431 shares during the period. Goldman Sachs Group Inc. raised its position in shares of BrightSpire Capital by 2.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,011,455 shares of the company’s stock worth $11,184,000 after acquiring an additional 46,749 shares in the last quarter. Finally, North Ground Capital lifted its stake in BrightSpire Capital by 89.7% in the first quarter. North Ground Capital now owns 1,461,028 shares of the company’s stock valued at $8,123,000 after buying an additional 691,028 shares during the period. 56.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BRSP. Citigroup restated a “market outperform” rating on shares of BrightSpire Capital in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BrightSpire Capital in a research report on Monday, December 8th. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, BrightSpire Capital has an average rating of “Hold” and a consensus price target of $6.79.

Get Our Latest Stock Report on BrightSpire Capital

BrightSpire Capital Stock Up 0.1%

Shares of NYSE:BRSP opened at $5.94 on Monday. BrightSpire Capital, Inc. has a 1 year low of $4.16 and a 1 year high of $6.36. The company has a market capitalization of $769.95 million, a PE ratio of -19.78 and a beta of 1.38. The business has a fifty day moving average price of $5.43 and a two-hundred day moving average price of $5.40. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.55 and a quick ratio of 0.55.

BrightSpire Capital (NYSE:BRSP – Get Free Report) last released its earnings results on Wednesday, February 24th. The company reported $0.20 EPS for the quarter. The company had revenue of $37.88 million for the quarter. BrightSpire Capital had a positive return on equity of 7.51% and a negative net margin of 26.91%. Analysts forecast that BrightSpire Capital, Inc. will post 0.67 earnings per share for the current year.

About BrightSpire Capital

(Free Report)

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.

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