9,765 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Acquired by Bfsg LLC

Bfsg LLC bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,765 shares of the company’s stock, valued at approximately $171,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC acquired a new stake in DigitalBridge Group during the 3rd quarter valued at $8,288,000. Raymond James & Associates raised its stake in DigitalBridge Group by 73.7% during the 3rd quarter. Raymond James & Associates now owns 114,123 shares of the company’s stock valued at $2,006,000 after purchasing an additional 48,424 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in DigitalBridge Group during the 3rd quarter valued at $586,000. New South Capital Management Inc. grew its holdings in shares of DigitalBridge Group by 35.3% during the 3rd quarter. New South Capital Management Inc. now owns 2,790,968 shares of the company’s stock valued at $49,065,000 after acquiring an additional 727,864 shares in the last quarter. Finally, Independent Advisor Alliance grew its holdings in shares of DigitalBridge Group by 4.5% during the 3rd quarter. Independent Advisor Alliance now owns 17,076 shares of the company’s stock valued at $300,000 after acquiring an additional 734 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial boosted their target price on shares of DigitalBridge Group from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $22.08.

DigitalBridge Group Stock Performance

Shares of DBRG traded down $0.28 during trading hours on Thursday, reaching $16.88. 358,528 shares of the company traded hands, compared to its average volume of 1,995,729. The stock’s fifty day moving average is $18.48 and its 200 day moving average is $17.75. The stock has a market cap of $2.76 billion, a P/E ratio of 35.00 and a beta of 1.91. DigitalBridge Group, Inc. has a 1-year low of $10.20 and a 1-year high of $20.99.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. DigitalBridge Group had a net margin of 12.33% and a return on equity of 2.39%. The firm had revenue of $350.31 million during the quarter, compared to analyst estimates of $287.41 million. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.25 EPS for the current year.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.24%. DigitalBridge Group’s payout ratio is currently 8.16%.

DigitalBridge Group Company Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.