Chicago Capital Management LLC Boosts Stake in Blue Foundry Bancorp $BLFY

Chicago Capital Management LLC lifted its position in Blue Foundry Bancorp (NASDAQ:BLFY) by 639.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 146,012 shares of the company’s stock after acquiring an additional 126,278 shares during the period. Blue Foundry Bancorp accounts for about 0.0% of Chicago Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Chicago Capital Management LLC owned about 0.70% of Blue Foundry Bancorp worth $1,933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in Blue Foundry Bancorp by 72.8% in the third quarter. BNP Paribas Financial Markets now owns 4,066 shares of the company’s stock worth $37,000 after purchasing an additional 1,713 shares during the period. Royal Bank of Canada raised its holdings in Blue Foundry Bancorp by 19.3% in the fourth quarter. Royal Bank of Canada now owns 4,605 shares of the company’s stock worth $57,000 after purchasing an additional 744 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Blue Foundry Bancorp by 257.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,156 shares of the company’s stock valued at $49,000 after buying an additional 3,715 shares during the period. SG Americas Securities LLC purchased a new position in Blue Foundry Bancorp during the first quarter valued at $126,000. Finally, Sei Investments Co. bought a new stake in shares of Blue Foundry Bancorp during the 2nd quarter valued at $96,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Blue Foundry Bancorp in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Blue Foundry Bancorp has an average rating of “Sell”.

Blue Foundry Bancorp Stock Performance

Blue Foundry Bancorp stock opened at $13.24 on Friday. 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 company has a market capitalization of $274.88 million, a P/E ratio of -28.78 and a beta of 0.55. The stock’s 50 day moving average is $13.24 and its 200 day moving average is $13.19. Blue Foundry Bancorp has a twelve month low of $7.61 and a twelve 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.