BlackBarn Capital Partners LP Invests $12.27 Million in Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

BlackBarn Capital Partners LP acquired a new position in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,702,747 shares of the company’s stock, valued at approximately $12,274,000. Blue Ridge Bankshares accounts for about 1.1% of BlackBarn Capital Partners LP’s holdings, making the stock its 5th largest holding. BlackBarn Capital Partners LP owned 20.46% of Blue Ridge Bankshares at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ground Swell Capital LLC bought a new stake in Blue Ridge Bankshares during the second quarter valued at about $36,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Blue Ridge Bankshares in the 2nd quarter valued at approximately $52,000. Empowered Funds LLC increased its position in Blue Ridge Bankshares by 8.1% in the 1st quarter. Empowered Funds LLC now owns 53,612 shares of the company’s stock worth $144,000 after buying an additional 4,025 shares during the period. Gendell Jeffrey L lifted its holdings in shares of Blue Ridge Bankshares by 187.4% during the fourth quarter. Gendell Jeffrey L now owns 281,223 shares of the company’s stock worth $852,000 after buying an additional 183,361 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Blue Ridge Bankshares by 1.0% in the first quarter. Vanguard Group Inc. now owns 853,525 shares of the company’s stock valued at $2,296,000 after acquiring an additional 8,057 shares during the period. Institutional investors own 50.48% of the company’s stock.

Blue Ridge Bankshares Stock Performance

Shares of Blue Ridge Bankshares stock opened at $2.82 on Wednesday. The company has a market cap of $64.81 million, a price-to-earnings ratio of -0.77 and a beta of 0.68. Blue Ridge Bankshares, Inc. has a 1 year low of $2.05 and a 1 year high of $6.54. The company’s fifty day simple moving average is $2.73 and its 200-day simple moving average is $2.75. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.75.

Blue Ridge Bankshares (NASDAQ:BRBS) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.47) earnings per share (EPS) for the quarter. The company had revenue of $20.39 million during the quarter. Blue Ridge Bankshares had a negative return on equity of 28.09% and a negative net margin of 32.61%.

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.