According to the most recent filing that Strs Ohio made with the Securities and Exchange Commission, during the third quarter of 2018, the company acquired a new holding in Blue Foundry Bancorp (NASDAQ: BLFY). The company invested approximately 582 thousand dollars in purchasing 52,200 equity shares in the corporation. These shares were purchased with company funds. At the end of the most recently completed reporting period, Strs Ohio held approximately 0.18 percent of Blue Foundry Bancorp’s total shares.
Alterations have also been made to the stock holdings of several other institutional investors. These alterations were made recently. Rhino Investment Partners Inc. increased the percentage of Blue Foundry Bancorp in which it was invested by 768.3% during the second quarter. The corporation now has a total of 573,003 shares, which are currently valued at $6,870,000 after purchasing an additional 507,012 shares during the most recent quarter. Rhino Investment Partners Inc. is the name of the company’s investment firm. During the second quarter, Goldman Sachs Group Inc. increased the amount of Blue Foundry Bancorp stock owned by 11.9%, bringing its total ownership percentage to 100%. Goldman Sachs Group Inc. now has 34,404 shares in the company, which are worth a combined total of $413,000 after the company made an additional purchase of 3,665 shares during the most recent fiscal quarter. Price T. Rowe Associates Inc. (MD), over the second quarter, brought the total amount of Blue Foundry Bancorp stock it owned to 0.9% higher than before. Price T. Rowe Associates Inc. (MD) now has a total of 2,770,978 shares in the company, which are collectively worth $33,224,000, after making an additional purchase of 24,344 shares during the most recent quarter. This brings the total number of shares owned by the company to 2,770,978. During the second quarter of 2018, Driehaus Capital Management LLC increased the proportion of Blue Foundry Bancorp shares it owned by 2.8%. Driehaus Capital Management LLC now owns 1,402,031 shares following the acquisition of an additional 37,956 shares during the most recent quarter. The current value of the company’s stock held by Driehaus Capital Management LLC equals $16,810,000.
Last but not least, during the second quarter, State Street Corporation completed a 1.9% increase in the amount of Blue Foundry Bancorp stock it owned, bringing its total ownership percentage to 98.1%. The total number of shares in the company that State Street Corp. owns has increased to 455,088; the value of those shares stands at $5,457,000. Compared to the previous quarter’s holdings, this represents an increase in the company’s 8,347 shares. Currently, 43.25% of the company’s shares are owned by hedge funds and other institutional investors.
Separately, TheStreet lowered their rating on shares of Blue Foundry Bancorp from a “d+” rating to a “c-” rating in a research note published on Monday, November 21. This news came about as a result of a change in their outlook on the company.
When trading started on Thursday, the price of a share of Blue Foundry Bancorp was $12.45 per share. Over the past 52 weeks, the price of a share of Blue Foundry Bancorp has fluctuated between a low of $11.01 and a high of $14.89. The company’s moving average price over the past 200 days is $12.10, and the moving average price over the last 50 days is $12.76. The debt-to-equity ratio is currently sitting at 0.74, the quick-to-current-assets ratio is currently sitting at 1.22, and the current-assets-to-total-debt ratio is also currently sitting at 1.22. A P/E ratio of -18.31, a beta of 0.39, and a total market value of $347.13 million are all associated with the company.
On Wednesday, October 26, Blue Foundry Bancorp (NASDAQ: BLFY) made public the results of the most recent quarterly financial report that it had produced. The company reported $0.05 per share earnings for the period covered by the report (EPS). Blue Foundry Bancorp reported two numbers in red: a return on equity negative by 4.29% and a net margin negative by 28.69%. The amount in question was $14.61 million in revenue brought in by the company during the relevant period.
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