DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by Clearline Capital LP

Clearline Capital LP increased its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 49.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 789,118 shares of the company's stock after acquiring an additional 260,591 shares during the quarter. Clearline Capital LP owned about 0.45% of DigitalBridge Group worth $8,901,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DBRG. Horizon Kinetics Asset Management LLC grew its stake in shares of DigitalBridge Group by 868.9% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock worth $50,572,000 after buying an additional 4,020,627 shares in the last quarter. New South Capital Management Inc. grew its stake in DigitalBridge Group by 2.9% in the 4th quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company's stock worth $45,743,000 after acquiring an additional 115,029 shares in the last quarter. Brown Advisory Inc. increased its holdings in DigitalBridge Group by 78.2% during the 4th quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company's stock worth $41,273,000 after purchasing an additional 1,605,391 shares during the period. Invesco Ltd. increased its stake in shares of DigitalBridge Group by 0.5% during the fourth quarter. Invesco Ltd. now owns 3,313,725 shares of the company's stock valued at $37,379,000 after buying an additional 14,997 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in DigitalBridge Group by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,123,282 shares of the company's stock valued at $35,229,000 after purchasing an additional 109,775 shares during the period. Institutional investors own 92.69% of the company's stock.

DigitalBridge Group Stock Down 0.6 %

Shares of DigitalBridge Group stock traded down $0.05 during trading hours on Friday, reaching $8.61. 1,581,095 shares of the company's stock were exchanged, compared to its average volume of 2,477,715. The business has a fifty day moving average of $8.62 and a two-hundred day moving average of $10.77. The company has a market capitalization of $1.50 billion, a P/E ratio of 287.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $17.33.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $101.55 million for the quarter, compared to the consensus estimate of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. As a group, research analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group's dividend payout ratio is presently 13.33%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Truist Financial reduced their price target on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods cut their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company lifted their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. One 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's stock. Based on data from MarketBeat, DigitalBridge Group currently has a consensus rating of "Buy" and a consensus price target of $16.06.

About DigitalBridge Group

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.