ABC Arbitrage SA Takes $2.50 Million Position in Blue Foundry Bancorp $BLFY

ABC Arbitrage SA purchased a new stake in shares of Blue Foundry Bancorp (NASDAQ:BLFY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 200,781 shares of the company’s stock, valued at approximately $2,496,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new stake in Blue Foundry Bancorp in the second quarter valued at approximately $1,290,000. GSA Capital Partners LLP purchased a new position in Blue Foundry Bancorp in the 3rd quarter worth approximately $457,000. Russell Investments Group Ltd. grew its stake in Blue Foundry Bancorp by 4,548.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 23,008 shares of the company’s stock worth $209,000 after buying an additional 22,513 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Blue Foundry Bancorp by 147.6% in the 1st quarter. Jane Street Group LLC now owns 34,120 shares of the company’s stock worth $314,000 after buying an additional 20,339 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in shares of Blue Foundry Bancorp in the 3rd quarter worth $159,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blue Foundry Bancorp in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Blue Foundry Bancorp Stock Performance

NASDAQ:BLFY opened at $13.24 on Tuesday. The business has a 50 day moving average of $13.11 and a 200 day moving average of $12.22. The company has a market capitalization of $274.88 million, a price-to-earnings ratio of -28.78 and a beta of 0.55. Blue Foundry Bancorp has a 1-year low of $7.61 and a 1-year high of $14.74. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.17 and a quick ratio of 1.17.

About Blue Foundry Bancorp

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.