Aigen Investment Management LP Has $279,000 Stock Holdings in Brookline Bancorp, Inc. (NASDAQ:BRKL)

Aigen Investment Management LP boosted its position in shares of Brookline Bancorp, Inc. (NASDAQ:BRKL) by 136.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,643 shares of the bank’s stock after buying an additional 15,946 shares during the period. Aigen Investment Management LP’s holdings in Brookline Bancorp were worth $279,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BRKL. American Century Companies Inc. lifted its holdings in shares of Brookline Bancorp by 21.1% during the 2nd quarter. American Century Companies Inc. now owns 1,431,291 shares of the bank’s stock worth $11,951,000 after acquiring an additional 249,113 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Brookline Bancorp by 47.5% in the 2nd quarter. AQR Capital Management LLC now owns 491,756 shares of the bank’s stock valued at $4,106,000 after purchasing an additional 158,329 shares in the last quarter. Inspire Advisors LLC bought a new position in shares of Brookline Bancorp in the 2nd quarter valued at $1,298,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Brookline Bancorp by 4.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 52,099 shares of the bank’s stock worth $435,000 after buying an additional 2,097 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Brookline Bancorp by 67.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 642,651 shares of the bank’s stock worth $6,484,000 after buying an additional 258,267 shares in the last quarter. 78.91% of the stock is owned by institutional investors.

Brookline Bancorp Trading Down 0.8 %

Shares of BRKL stock opened at $12.41 on Friday. Brookline Bancorp, Inc. has a twelve month low of $8.01 and a twelve month high of $13.15. The stock’s fifty day simple moving average is $10.68 and its 200 day simple moving average is $9.70. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $1.11 billion, a P/E ratio of 14.95 and a beta of 0.76.

Brookline Bancorp (NASDAQ:BRKL) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. Brookline Bancorp had a return on equity of 6.20% and a net margin of 11.40%. The company had revenue of $165.91 million for the quarter, compared to analysts’ expectations of $88.67 million. During the same period in the previous year, the business posted $0.26 earnings per share. As a group, sell-side analysts predict that Brookline Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Brookline Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Friday, November 15th. Brookline Bancorp’s payout ratio is 65.06%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lifted their target price on Brookline Bancorp from $10.50 to $11.00 and gave the company a “market perform” rating in a research report on Friday, July 26th.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company’s loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.