Wedbush Securities Inc. boosted its position in Broadway Financial Corp (NASDAQ:BYFC) by 9.3% during the 4th quarter, Holdings Channel reports. The firm owned 107,896 shares of the savings and loans company’s stock after purchasing an additional 9,215 shares during the period. Wedbush Securities Inc.’s holdings in Broadway Financial were worth $113,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Grace & White Inc. NY increased its position in shares of Broadway Financial by 4.3% during the fourth quarter. Grace & White Inc. NY now owns 1,603,457 shares of the savings and loans company’s stock worth $1,684,000 after purchasing an additional 66,786 shares in the last quarter. Vanguard Group Inc increased its position in shares of Broadway Financial by 1,840.3% during the third quarter. Vanguard Group Inc now owns 439,238 shares of the savings and loans company’s stock worth $619,000 after purchasing an additional 416,600 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Broadway Financial by 1,840.3% during the third quarter. Vanguard Group Inc. now owns 439,238 shares of the savings and loans company’s stock worth $619,000 after purchasing an additional 416,600 shares in the last quarter. 9.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of BYFC traded up $0.04 during midday trading on Monday, reaching $1.34. 31 shares of the stock were exchanged, compared to its average volume of 8,162. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.38. Broadway Financial Corp has a twelve month low of $0.95 and a twelve month high of $2.54. The stock has a market capitalization of $35.64 million, a P/E ratio of 43.33 and a beta of 1.34.

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Broadway Financial Profile

Broadway Financial Corporation operates as the holding company for Broadway Federal Bank, f.s.b. that engages in the savings and loan business in Southern California. It accepts various deposit products, such as savings accounts, checking accounts, NOW accounts, money market accounts, and fixed-term certificates of deposit.

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