The Vanguard Group, Inc. recently announced the acquisition of new stake in Broadmark Realty Capital Inc. (NYSE:BRMK). The institutional investor has increased its shareholding in the Real Estate company by 1.97% to 12.26 million shares with purchase of 0.24 million shares. This fresh investment now brings its stake to 9.30% valued currently at $60.17 million. In addition, Geode Capital Management LLC raised its holdings by 63194.0 to 2.46 million shares.
With over 1.4 million Broadmark Realty Capital Inc. (BRMK) shares trading Monday and a closing price of $5.00 on the day, the dollar volume was approximately $6.98 million. The shares have shown a positive half year performance of 14.94% and its price on 05/22/23 gained nearly 1.63%. Currently, there are 131.75M common shares owned by the public and among those 127.27M shares have been available to trade.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Sponsored
Insiders at the company have transacted a total of 18 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 677,862 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 19,129 shares.
The top 3 mutual fund holders in Broadmark Realty Capital Inc. are Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF. Vanguard Total Stock Market ETF owns 3.92 million shares of the company’s stock, all valued at over $19.26 million. Vanguard Small Cap Index Fund bought 16315.0 shares to see its total holdings expand to 3.29 million shares valued at over $16.17 million and representing 2.50% of the shares outstanding. iShares Russell 2000 ETF sold 39920.0 shares to bring its total holdings to over 2.73 million shares at a value of $13.41 million. iShares Russell 2000 ETF now owns shares totaling to 2.07% of the shares outstanding.
Shares of Broadmark Realty Capital Inc. (NYSE: BRMK) opened at $4.90, down -$0.02 from a prior closing price of $4.92. However, the script later moved the day high at 5.0100, up 1.63%. The company’s stock has a 5-day price change of 3.73% and 19.62% over the past three months. BRMK shares are trading 40.45% year to date (YTD), with the 12-month market performance down to -29.97% lower. It has a 12-month low price of $3.52 and touched a high of $7.70 over the same period. BRMK has an average intraday trading volume of 1.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.96%, 6.48%, and 0.38% respectively.
Institutional ownership of Broadmark Realty Capital Inc. (NYSE: BRMK) shares accounts for 47.50% of the company’s 131.75M shares outstanding. Mutual fund holders own 24.48%, while other institutional holders and individual stakeholders account for 5.26% and 24.39% respectively.
It has a market capitalization of $662.80M and a beta (3y monthly) value of 0.93. The earnings-per-share (ttm) stands at -$0.88. The company has a debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.29% over the week and 2.72% over the month.
Analysts forecast that Broadmark Realty Capital Inc. (BRMK) will achieve an EPS of $0.09 for the current quarter, $0.1 for the next quarter and $0.42 for 2024. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.16 a year ago. Earnings per share for the fiscal year are expected to decrease by -240.90%, and 18.06% over the next financial year.
