Insider Buying: Broadmark Realty Capital Inc. (NASDAQ:BRMK) COO Acquires $50,475.00 in Stock

Broadmark Realty Capital Inc. (NASDAQ:BRMK) COO Linda Koa purchased 7,500 shares of Broadmark Realty Capital stock in a transaction dated Thursday, March 19th. The shares were bought at an average price of $6.73 per share, with a total value of $50,475.00. Following the completion of the acquisition, the chief operating officer now directly owns 39,483 shares of the company’s stock, valued at $265,720.59. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Broadmark Realty Capital stock opened at $7.71 on Thursday. Broadmark Realty Capital Inc. has a one year low of $5.44 and a one year high of $12.81. The stock has a market capitalization of $889.78 million and a PE ratio of 32.13. The firm’s fifty day simple moving average is $10.66.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, March 30th. This represents a $0.96 annualized dividend and a dividend yield of 12.45%. Broadmark Realty Capital’s dividend payout ratio (DPR) is presently 400.00%.

Several institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. purchased a new stake in shares of Broadmark Realty Capital during the fourth quarter valued at $9,419,000. Institute for Wealth Management LLC. purchased a new stake in shares of Broadmark Realty Capital during the fourth quarter valued at $491,000. PVG Asset Management Corp purchased a new stake in shares of Broadmark Realty Capital during the fourth quarter valued at $2,624,000. Geode Capital Management LLC purchased a new stake in shares of Broadmark Realty Capital during the fourth quarter valued at $127,000. Finally, Covington Capital Management purchased a new stake in shares of Broadmark Realty Capital during the fourth quarter valued at $1,684,000.

BRMK has been the subject of several analyst reports. B. Riley restated a “buy” rating and set a $13.00 price target on shares of Broadmark Realty Capital in a report on Friday, March 13th. Zacks Investment Research downgraded Broadmark Realty Capital from a “hold” rating to a “sell” rating in a report on Monday, March 9th.

About Broadmark Realty Capital

Broadmark Realty Capital Inc provides short-term and first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation, and development of residential and commercial properties in the United States. The company has elected to be taxed as a real estate investment trust.

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