50,313 Shares in Blue Foundry Bancorp $BLFY Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of Blue Foundry Bancorp (NASDAQ:BLFY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,313 shares of the company’s stock, valued at approximately $457,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLFY. Los Angeles Capital Management LLC bought a new position in shares of Blue Foundry Bancorp during the 2nd quarter valued at approximately $654,000. Arrowstreet Capital Limited Partnership purchased a new position in Blue Foundry Bancorp in the second quarter valued at approximately $1,290,000. Jane Street Group LLC lifted its stake in Blue Foundry Bancorp by 147.6% in the first quarter. Jane Street Group LLC now owns 34,120 shares of the company’s stock valued at $314,000 after purchasing an additional 20,339 shares during the last quarter. Cerity Partners LLC grew its holdings in Blue Foundry Bancorp by 7.1% during the second quarter. Cerity Partners LLC now owns 24,621 shares of the company’s stock valued at $236,000 after purchasing an additional 1,628 shares during the period. Finally, Bank of America Corp DE increased its position in Blue Foundry Bancorp by 11.0% in the second quarter. Bank of America Corp DE now owns 20,908 shares of the company’s stock worth $200,000 after buying an additional 2,069 shares during the last quarter. 56.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BLFY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blue Foundry Bancorp in a research report on Monday, December 29th. Wall Street Zen upgraded Blue Foundry Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blue Foundry Bancorp has an average rating of “Sell”.

Blue Foundry Bancorp Stock Performance

NASDAQ:BLFY opened at $13.65 on Wednesday. The business’s fifty day moving average is $13.22 and its 200 day moving average is $10.75. The firm has a market cap of $283.39 million, a price-to-earnings ratio of -29.67 and a beta of 0.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.17 and a current ratio of 1.17. Blue Foundry Bancorp has a 52-week low of $7.61 and a 52-week high of $14.74.

Blue Foundry Bancorp Profile

Blue Foundry Bancorp, Inc (NASDAQ: BLFY) is a bank holding company headquartered in Paramus, New Jersey, serving the Greater New York metropolitan area. Through its wholly owned subsidiary, Blue Foundry Bank, the company offers a full suite of deposit products, including personal and business checking and savings accounts, certificates of deposit, and a robust online and mobile banking platform.

In addition to deposit accounts, Blue Foundry Bancorp provides a range of lending solutions designed for both individual and commercial clients.