Rangeley Capital LLC Purchases Shares of 46,000 Ponce Financial Group, Inc. (NASDAQ:PDLB)

Rangeley Capital LLC purchased a new position in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 46,000 shares of the company’s stock, valued at approximately $598,000. Rangeley Capital LLC owned about 0.19% of Ponce Financial Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PDLB. American Capital Advisory LLC boosted its stake in shares of Ponce Financial Group by 150.0% in the 4th quarter. American Capital Advisory LLC now owns 2,500 shares of the company’s stock valued at $32,000 after purchasing an additional 1,500 shares in the last quarter. SG Americas Securities LLC bought a new stake in Ponce Financial Group in the fourth quarter worth $115,000. American Century Companies Inc. boosted its holdings in Ponce Financial Group by 8.2% during the 4th quarter. American Century Companies Inc. now owns 14,419 shares of the company’s stock valued at $187,000 after acquiring an additional 1,096 shares during the period. Trexquant Investment LP increased its stake in Ponce Financial Group by 82.4% in the 4th quarter. Trexquant Investment LP now owns 19,272 shares of the company’s stock worth $251,000 after purchasing an additional 8,707 shares during the period. Finally, Barclays PLC lifted its position in Ponce Financial Group by 267.8% in the third quarter. Barclays PLC now owns 25,370 shares of the company’s stock valued at $297,000 after purchasing an additional 18,472 shares during the last quarter. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

Ponce Financial Group Stock Up 1.0 %

NASDAQ PDLB opened at $12.84 on Thursday. The business’s 50-day moving average is $13.07 and its 200 day moving average is $12.60. The stock has a market capitalization of $307.72 million, a PE ratio of 27.32 and a beta of 0.68. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.26 and a quick ratio of 1.26. Ponce Financial Group, Inc. has a 1 year low of $7.89 and a 1 year high of $13.97.

Ponce Financial Group (NASDAQ:PDLB) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Ponce Financial Group had a return on equity of 4.01% and a net margin of 6.46%. Sell-side analysts forecast that Ponce Financial Group, Inc. will post 0.39 earnings per share for the current year.

Ponce Financial Group Company Profile

Ponce Financial Group, Inc operates as the bank holding company for Ponce Bank that provides various banking products and services. It offers various deposit products, including demand accounts, NOW/IOLA, money market, reciprocal deposits, savings accounts, and certificates of deposit to individuals, business entities, and non-profit organizations, as well as individual retirement accounts.