Raymond James & Associates Raises Stock Position in BRC Inc. (NYSE:BRCC)

Raymond James & Associates lifted its holdings in shares of BRC Inc. (NYSE:BRCCFree Report) by 27.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,921 shares of the company’s stock after acquiring an additional 4,697 shares during the quarter. Raymond James & Associates’ holdings in BRC were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP purchased a new stake in BRC during the 1st quarter worth $26,000. Tower Research Capital LLC TRC increased its stake in BRC by 251.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,540 shares of the company’s stock worth $28,000 after buying an additional 2,533 shares during the period. UBS Group AG bought a new stake in shares of BRC in the 1st quarter worth about $28,000. Barclays PLC increased its position in shares of BRC by 556.8% in the 4th quarter. Barclays PLC now owns 7,258 shares of the company’s stock worth $45,000 after purchasing an additional 6,153 shares during the last quarter. Finally, Alhambra Investment Partners LLC bought a new stake in shares of BRC in the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 15.21% of the company’s stock.

Insider Activity at BRC

In other BRC news, Director Kathryn P. Dickson acquired 27,500 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $3.45 per share, with a total value of $94,875.00. Following the transaction, the director now directly owns 170,210 shares in the company, valued at $587,224.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Kathryn P. Dickson bought 27,500 shares of BRC stock in a transaction on Thursday, November 16th. The stock was purchased at an average cost of $3.45 per share, with a total value of $94,875.00. Following the purchase, the director now directly owns 170,210 shares of the company’s stock, valued at approximately $587,224.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Glenn W. Welling bought 200,000 shares of BRC stock in a transaction on Monday, December 11th. The shares were purchased at an average cost of $3.85 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 12,851,018 shares in the company, valued at $49,476,419.30. The disclosure for this purchase can be found here. Insiders acquired a total of 257,500 shares of company stock valued at $962,975 in the last quarter. Insiders own 71.20% of the company’s stock.

BRC Price Performance

BRCC opened at $4.04 on Friday. The company has a 50-day moving average of $3.96 and a 200-day moving average of $3.83. The company has a market capitalization of $856.64 million, a P/E ratio of -13.93 and a beta of 0.96. BRC Inc. has a 1-year low of $2.51 and a 1-year high of $8.27. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.63 and a current ratio of 1.86.

BRC (NYSE:BRCCGet Free Report) last released its earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). BRC had a negative return on equity of 19.42% and a negative net margin of 4.72%. The company had revenue of $100.54 million during the quarter, compared to the consensus estimate of $106.46 million. Equities analysts expect that BRC Inc. will post -0.17 EPS for the current fiscal year.

BRC Profile

(Free Report)

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content; podcasts; and digital and print journals, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.

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Institutional Ownership by Quarter for BRC (NYSE:BRCC)

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