Anson Funds Management LP Sells 76,016 Shares of DigitalBridge Group, Inc. $DBRG

Key Points

• Anson Funds Management LP reduced its stake in DigitalBridge Group, Inc. by 11.1% in Q1, holding 610,371 shares post-sale, which constitutes about 0.8% of its overall investment portfolio.
• Several institutional investors have increased their positions in DigitalBridge Group, with a notable growth of 978.9% by GAMMA Investing LLC in the first quarter.
• DigitalBridge Group has announced a quarterly dividend of $0.01 per share, with a payout scheduled for October 15th, reflecting a 0.4% annual yield.

Anson Funds Management LP lowered its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 11.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,371 shares of the company's stock after selling 76,016 shares during the period. DigitalBridge Group makes up 0.8% of Anson Funds Management LP's investment portfolio, making the stock its 24th largest holding. Anson Funds Management LP owned about 0.35% of DigitalBridge Group worth $5,383,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in shares of DigitalBridge Group by 384.5% in the fourth quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock worth $37,753,000 after buying an additional 2,656,100 shares in the last quarter. Lind Value II ApS bought a new position in DigitalBridge Group during the first quarter valued at approximately $17,479,000. Brown Advisory Inc. lifted its position in DigitalBridge Group by 78.2% during the fourth quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company's stock valued at $41,273,000 after purchasing an additional 1,605,391 shares during the period. Clearline Capital LP lifted its position in DigitalBridge Group by 189.8% during the first quarter. Clearline Capital LP now owns 2,286,782 shares of the company's stock valued at $20,169,000 after purchasing an additional 1,497,664 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in DigitalBridge Group by 128.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company's stock valued at $25,971,000 after buying an additional 1,294,275 shares during the last quarter. Institutional investors own 92.69% of the company's stock.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG traded down $0.17 during midday trading on Thursday, reaching $11.28. The stock had a trading volume of 2,031,767 shares, compared to its average volume of 2,622,227. The stock has a 50-day moving average of $10.75 and a 200-day moving average of $10.05. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -281.88 and a beta of 1.77.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.4%. DigitalBridge Group's dividend payout ratio is currently -100.00%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DBRG. Keefe, Bruyette & Woods upped their target price on shares of DigitalBridge Group from $10.50 to $11.00 and gave the company a "market perform" rating in a report on Tuesday, August 12th. Wall Street Zen cut shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a report on Sunday, August 17th. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 target price on shares of DigitalBridge Group in a report on Friday, May 16th. Finally, Truist Financial upped their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $16.14.

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.