GW&K Investment Management LLC Has $8.37 Million Holdings in Blue Foundry Bancorp (NASDAQ:BLFY)

GW&K Investment Management LLC lifted its holdings in Blue Foundry Bancorp (NASDAQ:BLFY – Get Rating) by 136.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 651,215 shares of the company’s stock after acquiring an additional 376,050 shares during the quarter. GW&K Investment Management LLC owned approximately 2.34% of Blue Foundry Bancorp worth $8,368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in shares of Blue Foundry Bancorp by 224.3% in the third quarter. Tower Research Capital LLC TRC now owns 4,930 shares of the company’s stock valued at $55,000 after buying an additional 3,410 shares during the last quarter. UBS Group AG raised its stake in shares of Blue Foundry Bancorp by 321.1% in the fourth quarter. UBS Group AG now owns 7,416 shares of the company’s stock worth $95,000 after acquiring an additional 5,655 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Blue Foundry Bancorp during the first quarter worth approximately $124,000. Millennium Management LLC bought a new stake in shares of Blue Foundry Bancorp during the second quarter valued at approximately $126,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Blue Foundry Bancorp in the third quarter valued at approximately $135,000. 43.25% of the stock is owned by institutional investors and hedge funds.

Blue Foundry Bancorp Price Performance

BLFY opened at $9.49 on Friday. The company has a fifty day moving average price of $9.37 and a two-hundred day moving average price of $11.27. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.32 and a current ratio of 1.32. Blue Foundry Bancorp has a 52 week low of $8.14 and a 52 week high of $13.17. The firm has a market capitalization of $250.92 million, a PE ratio of 474.74 and a beta of 0.15.

Analyst Upgrades and Downgrades

BLFY has been the topic of several research reports. Piper Sandler started coverage on Blue Foundry Bancorp in a report on Wednesday, May 17th. They set a “neutral” rating and a $9.50 price objective on the stock. Keefe, Bruyette & Woods decreased their price target on Blue Foundry Bancorp from $12.50 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, April 6th. Finally, TheStreet cut Blue Foundry Bancorp from a “c-” rating to a “d+” rating in a report on Friday, March 10th.

Insiders Place Their Bets

In related news, EVP Robert Rowe bought 5,000 shares of Blue Foundry Bancorp stock in a transaction on Tuesday, May 2nd. The shares were purchased at an average price of $8.62 per share, for a total transaction of $43,100.00. Following the completion of the acquisition, the executive vice president now owns 19,250 shares in the company, valued at $165,935. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders acquired 9,300 shares of company stock valued at $82,518. Company insiders own 1.21% of the company’s stock.

About Blue Foundry Bancorp

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Blue Foundry Bancorp operates as a bank holding company for Blue Foundry Bank, a savings bank that offers various banking products and services for individuals and businesses. The company offers deposits; and loans, such as one-to-four family residential property, home equity, commercial real estate, multi-family, construction, commercial and industrial, and other consumer loans, as well as home equity lines of credit.