Boothbay Fund Management LLC Purchases Shares of 12,844 Broadmark Realty Capital Inc. (NYSE:BRMK)

Boothbay Fund Management LLC purchased a new stake in Broadmark Realty Capital Inc. (NYSE:BRMKGet Rating) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 12,844 shares of the company’s stock, valued at approximately $66,000.

Other institutional investors also recently modified their holdings of the company. Resources Investment Advisors LLC. increased its holdings in shares of Broadmark Realty Capital by 4.4% in the second quarter. Resources Investment Advisors LLC. now owns 62,380 shares of the company’s stock valued at $419,000 after buying an additional 2,639 shares in the last quarter. Truvestments Capital LLC lifted its holdings in shares of Broadmark Realty Capital by 13.6% in the second quarter. Truvestments Capital LLC now owns 200,447 shares of the company’s stock valued at $1,345,000 after purchasing an additional 23,997 shares in the last quarter. Abacus Planning Group Inc. purchased a new stake in shares of Broadmark Realty Capital in the third quarter valued at $83,000. Brighton Jones LLC lifted its holdings in shares of Broadmark Realty Capital by 43.0% in the third quarter. Brighton Jones LLC now owns 87,700 shares of the company’s stock valued at $448,000 after purchasing an additional 26,356 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new stake in shares of Broadmark Realty Capital in the third quarter valued at $38,000. Institutional investors own 46.50% of the company’s stock.

Broadmark Realty Capital Trading Down 0.8 %

Shares of NYSE:BRMK opened at $5.02 on Wednesday. Broadmark Realty Capital Inc. has a 1 year low of $3.52 and a 1 year high of $8.91. The business has a fifty day simple moving average of $4.29 and a 200 day simple moving average of $4.88. The firm has a market cap of $667.26 million, a price-to-earnings ratio of -5.77 and a beta of 0.95.

Broadmark Realty Capital (NYSE:BRMKGet Rating) last announced its quarterly earnings data on Monday, February 27th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Broadmark Realty Capital had a positive return on equity of 6.13% and a negative net margin of 109.20%. The firm had revenue of $21.07 million for the quarter, compared to analysts’ expectations of $25.76 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. On average, sell-side analysts forecast that Broadmark Realty Capital Inc. will post 0.42 EPS for the current year.

Broadmark Realty Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be given a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 8.37%. The ex-dividend date is Monday, February 27th. Broadmark Realty Capital’s payout ratio is -48.28%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BRMK. B. Riley lowered Broadmark Realty Capital from a “buy” rating to a “neutral” rating and reduced their target price for the company from $7.50 to $5.00 in a report on Monday, November 21st. TheStreet upgraded Broadmark Realty Capital from a “d+” rating to a “c-” rating in a report on Monday, November 14th. Piper Sandler upgraded Broadmark Realty Capital from an “underweight” rating to a “neutral” rating and increased their target price for the company from $3.75 to $6.00 in a report on Tuesday, February 28th. Finally, Raymond James lowered Broadmark Realty Capital from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 8th.

About Broadmark Realty Capital

(Get Rating)

Broadmark Realty Capital Inc operates as a commercial real estate finance company in the United States. It engages in underwriting, funding, servicing, and managing a portfolio of short-term trust loans to fund the construction and development, or investment in residential or commercial properties. The company has elected to be taxed as a real estate investment trust.

Featured Stories

Want to see what other hedge funds are holding BRMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadmark Realty Capital Inc. (NYSE:BRMKGet Rating).

Institutional Ownership by Quarter for Broadmark Realty Capital (NYSE:BRMK)

Receive News & Ratings for Broadmark Realty Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadmark Realty Capital and related companies with MarketBeat.com's FREE daily email newsletter.