Here’s Why White Brook Capital Sold Broadmark Realty Capital Inc. (BRMK)
White Brook Capital, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 25.42% was delivered by the fund for the Q1 of 2021, ahead of its S&P 500 and S&P Midcap 400 benchmarks that delivered a 6.2% and 13.47% returns respectively for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
White Brook Capital, in their Q1 2021 investor letter, mentioned Broadmark Realty Capital Inc. (NYSE: BRMK), and shared their insights on the company. Broadmark Realty Capital Inc. is a Seattle, Washington-based consumer financing services provider that currently has a $1.4 billion market capitalization. Since the beginning of the year, BRMK delivered a 6.57% return, extending its 12-month gains to 33.87%. As of April 27, 2021, the stock closed at $10.87 per share.