Renaissance Technologies LLC Increases Stake in Blue Foundry Bancorp $BLFY

Renaissance Technologies LLC boosted its holdings in shares of Blue Foundry Bancorp (NASDAQ:BLFY) by 58.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 338,400 shares of the company’s stock after buying an additional 124,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Blue Foundry Bancorp were worth $4,480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLFY. Arrowstreet Capital Limited Partnership grew its stake in shares of Blue Foundry Bancorp by 71.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 358,672 shares of the company’s stock worth $4,749,000 after acquiring an additional 149,123 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Blue Foundry Bancorp by 16.8% in the first quarter. PNC Financial Services Group Inc. now owns 16,062 shares of the company’s stock valued at $213,000 after purchasing an additional 2,315 shares during the period. Summit Securities Group LLC purchased a new position in Blue Foundry Bancorp in the first quarter valued at $132,000. Chicago Capital Management LLC grew its stake in Blue Foundry Bancorp by 639.9% during the 1st quarter. Chicago Capital Management LLC now owns 146,012 shares of the company’s stock worth $1,933,000 after purchasing an additional 126,278 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Blue Foundry Bancorp during the 1st quarter worth about $126,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Blue Foundry Bancorp Price Performance

BLFY stock opened at $13.24 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $274.88 million, a P/E ratio of -28.78 and a beta of 0.55. The business’s 50-day moving average is $13.24 and its two-hundred day moving average is $13.29. Blue Foundry Bancorp has a 1 year low of $7.61 and a 1 year high of $14.74.

Blue Foundry Bancorp Profile

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.