GSA Capital Partners LLP Purchases New Stake in Blue Foundry Bancorp $BLFY

GSA Capital Partners LLP purchased a new stake in shares of Blue Foundry Bancorp (NASDAQ:BLFY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 50,313 shares of the company’s stock, valued at approximately $457,000. GSA Capital Partners LLP owned approximately 0.23% of Blue Foundry Bancorp at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BLFY. Arrowstreet Capital Limited Partnership acquired a new position in shares of Blue Foundry Bancorp during the second quarter valued at about $1,290,000. Los Angeles Capital Management LLC bought a new position in Blue Foundry Bancorp in the 2nd quarter valued at about $654,000. Jane Street Group LLC boosted its stake in Blue Foundry Bancorp by 147.6% during the 1st 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. Envestnet Asset Management Inc. acquired a new position in Blue Foundry Bancorp during the 3rd quarter valued at about $159,000. Finally, Panagora Asset Management Inc. bought a new stake in Blue Foundry Bancorp during the 2nd quarter worth approximately $158,000. 56.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BLFY shares. Weiss Ratings restated a “sell (d-)” rating on shares of Blue Foundry Bancorp in a report on Monday, December 29th. Wall Street Zen raised Blue Foundry Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Blue Foundry Bancorp Stock Performance

BLFY stock opened at $13.65 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.96. The firm has a market cap of $283.39 million, a PE ratio of -29.67 and a beta of 0.55. The business has a 50 day moving average of $13.22 and a 200-day moving average of $10.75. Blue Foundry Bancorp has a 12-month low of $7.61 and a 12-month high of $14.74.

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.