ArrowMark Colorado Holdings LLC Has $6.57 Million Position in DigitalBridge Group, Inc. (NYSE:DBRG)

ArrowMark Colorado Holdings LLC boosted its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 582,121 shares of the company's stock after buying an additional 146,371 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 0.33% of DigitalBridge Group worth $6,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC boosted its holdings in DigitalBridge Group by 868.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock valued at $50,572,000 after acquiring an additional 4,020,627 shares in the last quarter. Norges Bank bought a new position in shares of DigitalBridge Group in the fourth quarter worth about $7,757,000. William Blair Investment Management LLC grew its holdings in DigitalBridge Group by 27.3% during the 4th quarter. William Blair Investment Management LLC now owns 3,003,062 shares of the company's stock valued at $33,875,000 after buying an additional 643,705 shares in the last quarter. Portolan Capital Management LLC raised its holdings in shares of DigitalBridge Group by 238.1% during the 4th quarter. Portolan Capital Management LLC now owns 791,932 shares of the company's stock worth $8,933,000 after acquiring an additional 557,694 shares in the last quarter. Finally, Argosy Lionbridge Management LLC bought a new position in shares of DigitalBridge Group during the 4th quarter valued at approximately $5,682,000. 92.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Truist Financial reduced their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their target price on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. B. Riley decreased their target price on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company upped their target price on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $16.06.

DigitalBridge Group Stock Performance

DBRG traded down $0.06 during trading on Wednesday, reaching $8.73. The company had a trading volume of 1,773,371 shares, compared to its average volume of 2,480,895. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 291.00, a PEG ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The firm's 50-day simple moving average is $8.77 and its 200 day simple moving average is $10.92.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The business had revenue of $101.55 million for the quarter, compared to the consensus estimate of $93.01 million. On average, sell-side analysts expect that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.46%. DigitalBridge Group's dividend payout ratio (DPR) is 13.33%.

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.