Anson Funds Management LP Acquires 76,016 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Anson Funds Management LP lifted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 686,387 shares of the company's stock after purchasing an additional 76,016 shares during the period. DigitalBridge Group comprises 0.8% of Anson Funds Management LP's investment portfolio, making the stock its 18th largest holding. Anson Funds Management LP owned approximately 0.39% of DigitalBridge Group worth $7,742,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Covestor Ltd lifted its holdings in shares of DigitalBridge Group by 9.8% in the fourth quarter. Covestor Ltd now owns 11,752 shares of the company's stock valued at $133,000 after purchasing an additional 1,049 shares in the last quarter. Summit Investment Advisors Inc. raised its position in DigitalBridge Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company's stock valued at $188,000 after buying an additional 1,056 shares during the last quarter. Xponance Inc. grew its stake in shares of DigitalBridge Group by 12.7% in the 4th quarter. Xponance Inc. now owns 11,725 shares of the company's stock worth $132,000 after acquiring an additional 1,321 shares in the last quarter. Stoneridge Investment Partners LLC raised its holdings in shares of DigitalBridge Group by 22.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company's stock valued at $148,000 after purchasing an additional 2,408 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of DigitalBridge Group by 0.8% during the fourth quarter. Swiss National Bank now owns 341,625 shares of the company's stock valued at $3,854,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors own 92.69% of the company's stock.

Analyst Ratings Changes

DBRG has been the subject of several research reports. Wells Fargo & Company increased their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods lowered 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. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. JMP Securities assumed coverage on DigitalBridge Group in a research note on Monday, January 27th. They set an "outperform" rating and a $16.00 price objective on the stock. Finally, Truist Financial decreased their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $16.06.

DigitalBridge Group Stock Up 0.9 %

NYSE:DBRG traded up $0.08 during trading hours on Thursday, hitting $8.81. 950,086 shares of the stock traded hands, compared to its average volume of 2,474,915. The stock has a 50 day moving average price of $8.72 and a 200 day moving average price of $10.90. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 293.67, 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, topping analysts' consensus estimates of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The company had revenue of $101.55 million for the quarter, compared to analysts' expectations of $93.01 million. Equities analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group's payout ratio is 13.33%.

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.