Bryce Point Capital LLC Sells 25,579 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Key Points

• Bryce Point Capital LLC has reduced its stake in DigitalBridge Group, Inc. by 70.2%, selling 25,579 shares and now holding 10,850 shares worth $101,000.
• Various institutional investors, including Sunbelt Securities and GAMMA Investing, have significantly increased their stakes in DigitalBridge Group, indicating a diverse investor interest in the company.
• DigitalBridge Group recently paid a $0.01 quarterly dividend, reflecting a 0.36% yield and a low dividend payout ratio of 13.33%.

Bryce Point Capital LLC lessened its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 70.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,850 shares of the company's stock after selling 25,579 shares during the quarter. Bryce Point Capital LLC's holdings in DigitalBridge Group were worth $101,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DBRG. Sunbelt Securities Inc. lifted its stake in shares of DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock valued at $31,000 after purchasing an additional 1,464 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of DigitalBridge Group in the 4th quarter valued at approximately $39,000. GAMMA Investing LLC raised its position in shares of DigitalBridge Group by 978.9% in the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after purchasing an additional 4,033 shares in the last quarter. Spire Wealth Management raised its position in shares of DigitalBridge Group by 91.1% in the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company's stock valued at $55,000 after purchasing an additional 2,960 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after acquiring an additional 2,710 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

Wall Street Analyst Weigh In

DBRG has been the topic of several recent analyst reports. Wall Street Zen cut shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Truist Financial upped their price target on DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. JMP Securities reissued a "market outperform" rating and set a $16.00 price target on shares of DigitalBridge Group in a research report on Friday, May 16th. Finally, Keefe, Bruyette & Woods dropped their target price 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.94.

DigitalBridge Group Price Performance

Shares of DBRG traded down $0.23 during trading hours on Thursday, reaching $10.64. 514,048 shares of the company's stock traded hands, compared to its average volume of 2,697,441. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 35.47, a P/E/G ratio of 1.24 and a beta of 1.67. The business's fifty day simple moving average is $10.70 and its two-hundred day simple moving average is $10.05. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.01 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.38%. DigitalBridge Group's dividend payout ratio (DPR) is 13.33%.

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.