Cutler Capital Management LLC Sells 164,592 Shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS)

Cutler Capital Management LLC reduced its stake in shares of Blue Ridge Bankshares, Inc. (NASDAQ:BRBS - Free Report) by 50.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 160,000 shares of the company's stock after selling 164,592 shares during the quarter. Cutler Capital Management LLC owned 0.22% of Blue Ridge Bankshares worth $515,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in shares of Blue Ridge Bankshares by 221.4% during the fourth quarter. Renaissance Technologies LLC now owns 625,200 shares of the company's stock valued at $2,013,000 after acquiring an additional 430,700 shares in the last quarter. Graham Capital Wealth Management LLC lifted its holdings in Blue Ridge Bankshares by 1,446.2% in the fourth quarter. Graham Capital Wealth Management LLC now owns 522,478 shares of the company's stock worth $1,682,000 after buying an additional 488,687 shares during the period. Geode Capital Management LLC boosted its position in Blue Ridge Bankshares by 186.1% during the 3rd quarter. Geode Capital Management LLC now owns 451,861 shares of the company's stock valued at $1,265,000 after acquiring an additional 293,897 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Blue Ridge Bankshares by 5.3% during the 4th quarter. Alliancebernstein L.P. now owns 394,556 shares of the company's stock worth $1,270,000 after acquiring an additional 19,735 shares during the period. Finally, Truffle Hound Capital LLC bought a new position in shares of Blue Ridge Bankshares in the 4th quarter worth approximately $483,000. Institutional investors own 50.48% of the company's stock.

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Blue Ridge Bankshares Stock Up 1.0 %

Shares of NASDAQ BRBS traded up $0.03 during mid-day trading on Monday, hitting $3.08. 49,597 shares of the stock traded hands, compared to its average volume of 251,521. The stock has a fifty day moving average price of $3.39 and a 200-day moving average price of $3.26. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market cap of $270.39 million, a price-to-earnings ratio of -4.81 and a beta of 0.82. Blue Ridge Bankshares, Inc. has a 52 week low of $2.45 and a 52 week high of $3.83.

Insider Transactions at Blue Ridge Bankshares

In related news, Director Carolyn J. Woodruff sold 8,924 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $3.75, for a total transaction of $33,465.00. Following the completion of the transaction, the director now owns 138,179 shares of the company's stock, valued at $518,171.25. This trade represents a 6.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.92% of the company's stock.

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.