DigitalBridge Group, Inc. $DBRG Shares Sold by Anson Funds Management LP

Key Points

• Anson Funds Management LP has decreased its stake in DigitalBridge Group, Inc. by 11.1%, selling 76,016 shares to hold a total of 610,371 shares.
• Wall Street analysts have varying ratings on the stock, with an average target price of $16.14 and multiple analysts giving it a "buy" or "market outperform" rating.
• DigitalBridge Group recently declared a quarterly dividend of $0.01 per share, resulting in an annualized yield of 0.4%.

Anson Funds Management LP lowered its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 11.1% during the first quarter, according to the company in 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 quarter. DigitalBridge Group comprises 0.8% of Anson Funds Management LP's holdings, making the stock its 28th largest holding. Anson Funds Management LP owned 0.35% of DigitalBridge Group worth $5,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new stake in DigitalBridge Group during the first quarter valued at about $1,278,000. Samjo Management LLC boosted its position in DigitalBridge Group by 14.5% during the first quarter. Samjo Management LLC now owns 571,145 shares of the company's stock valued at $5,037,000 after purchasing an additional 72,195 shares in the last quarter. Crescent Park Management L.P. bought a new stake in DigitalBridge Group during the first quarter valued at about $4,776,000. AlphaQuest LLC bought a new stake in DigitalBridge Group during the first quarter valued at about $341,000. Finally, EntryPoint Capital LLC bought a new stake in DigitalBridge Group during the first quarter valued at about $360,000. Institutional investors own 92.69% of the company's stock.

DigitalBridge Group Price Performance

DBRG stock traded down $0.17 during trading on Thursday, hitting $11.28. 2,031,767 shares of the company traded hands, compared to its average volume of 2,622,227. The stock's 50-day simple moving average is $10.75 and its 200 day simple moving average is $10.05. The company has a market cap of $2.05 billion, a PE ratio of -281.88 and a beta of 1.77. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $17.33.

DigitalBridge Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DBRG. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 price objective on shares of DigitalBridge Group in a research report on Friday, May 16th. Wall Street Zen downgraded DigitalBridge Group from a "hold" rating to a "sell" rating in a report on Sunday, August 17th. Keefe, Bruyette & Woods raised their price target on DigitalBridge Group from $10.50 to $11.00 and gave the stock a "market perform" rating in a report on Tuesday, August 12th. Finally, Truist Financial raised their price target on DigitalBridge Group from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Two equities 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 stock. According to data from MarketBeat, the stock has a consensus 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.