DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by Anson Funds Management LP

Anson Funds Management LP boosted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 686,387 shares of the company's stock after acquiring an additional 76,016 shares during the period. DigitalBridge Group accounts for about 0.8% of Anson Funds Management LP's investment portfolio, making the stock its 18th largest position. Anson Funds Management LP owned about 0.39% of DigitalBridge Group worth $7,742,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Spire Wealth Management purchased a new position in DigitalBridge Group in the 4th quarter worth approximately $37,000. Manchester Capital Management LLC lifted its holdings in shares of DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after buying an additional 2,765 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after acquiring an additional 2,710 shares during the last quarter. KBC Group NV grew its stake in DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after acquiring an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in DigitalBridge Group by 164.0% in the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after purchasing an additional 6,153 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

DigitalBridge Group Price Performance

DBRG traded down $0.06 during trading on Wednesday, reaching $8.73. 1,773,371 shares of the company's stock were exchanged, compared to its average volume of 2,484,780. The company's fifty day simple moving average is $8.77 and its 200-day simple moving average is $10.92. The stock has a market capitalization of $1.52 billion, a P/E ratio of 291.00, 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 posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. Equities analysts forecast that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.01 dividend. 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 is presently 13.33%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DBRG. Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. decreased their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. JMP Securities assumed coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an "outperform" rating and a $16.00 price objective for the company. Keefe, Bruyette & Woods lowered their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a report on Tuesday. Finally, B. Riley reduced their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price 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.