BrightSpire Capital, Inc. (NYSE:BRSP) Short Interest Update

BrightSpire Capital, Inc. (NYSE:BRSP - Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,980,000 shares, a growth of 14.5% from the October 15th total of 1,730,000 shares. Based on an average trading volume of 785,000 shares, the short-interest ratio is currently 2.5 days. Approximately 1.6% of the company's shares are sold short.

Hedge Funds Weigh In On BrightSpire Capital

Hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC increased its holdings in BrightSpire Capital by 232.7% in the 2nd quarter. Private Advisor Group LLC now owns 486,886 shares of the company's stock valued at $2,775,000 after purchasing an additional 340,563 shares in the last quarter. Van ECK Associates Corp boosted its holdings in BrightSpire Capital by 34.7% in the 2nd quarter. Van ECK Associates Corp now owns 1,067,438 shares of the company's stock worth $6,084,000 after acquiring an additional 275,175 shares during the period. Price T Rowe Associates Inc. MD grew its position in BrightSpire Capital by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 105,399 shares of the company's stock valued at $727,000 after acquiring an additional 4,269 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of BrightSpire Capital by 50.1% during the second quarter. Renaissance Technologies LLC now owns 294,200 shares of the company's stock valued at $1,677,000 after purchasing an additional 98,236 shares during the period. Finally, Cetera Advisors LLC lifted its position in shares of BrightSpire Capital by 23.7% during the first quarter. Cetera Advisors LLC now owns 62,951 shares of the company's stock worth $434,000 after purchasing an additional 12,050 shares in the last quarter. Hedge funds and other institutional investors own 56.57% of the company's stock.

BrightSpire Capital Trading Down 0.6 %

NYSE BRSP traded down $0.04 during mid-day trading on Monday, hitting $6.18. The company's stock had a trading volume of 343,129 shares, compared to its average volume of 770,812. The firm has a market capitalization of $801.42 million, a P/E ratio of -6.11 and a beta of 1.87. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.73 and a quick ratio of 0.73. BrightSpire Capital has a 52-week low of $5.07 and a 52-week high of $8.01. The stock's fifty day simple moving average is $5.74 and its two-hundred day simple moving average is $5.87.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a "market outperform" rating and set a $7.50 price target on shares of BrightSpire Capital in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, BrightSpire Capital currently has an average rating of "Hold" and a consensus price target of $7.00.

About BrightSpire Capital

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.