Caxton Associates LLP Takes $347,000 Position in DigitalBridge Group, Inc. $DBRG

Key Points

• Caxton Associates LLP acquired a new stake in DigitalBridge Group, Inc. by purchasing 39,314 shares, valued at approximately $347,000.
• DigitalBridge Group's stock has been targeted with prices ranging from $10.50 to $16.00 by various analysts, maintaining a consensus rating of "Buy."
• The company announced a quarterly dividend of $0.01 per share, with a dividend yield of 0.3% for stockholders of record on September 30th.

Caxton Associates LLP acquired a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 39,314 shares of the company's stock, valued at approximately $347,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sunbelt Securities Inc. lifted its stake in shares of DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock worth $31,000 after purchasing an additional 1,464 shares in the last quarter. Fulton Bank N.A. increased its position in shares of DigitalBridge Group by 5.2% during the first quarter. Fulton Bank N.A. now owns 35,194 shares of the company's stock worth $310,000 after acquiring an additional 1,752 shares during the last quarter. Spire Wealth Management increased its position in shares of DigitalBridge Group by 91.1% during the first quarter. Spire Wealth Management now owns 6,208 shares of the company's stock worth $55,000 after acquiring an additional 2,960 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of DigitalBridge Group by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 90,434 shares of the company's stock worth $1,020,000 after acquiring an additional 3,429 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of DigitalBridge Group during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 92.69% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on DigitalBridge Group from $10.50 to $11.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 12th. Truist Financial lifted their target price on DigitalBridge Group from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen raised DigitalBridge Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $16.14.

DigitalBridge Group Trading Up 3.1%

DigitalBridge Group stock traded up $0.37 during midday trading on Thursday, hitting $12.15. The stock had a trading volume of 2,262,861 shares, compared to its average volume of 1,820,839. The stock has a market cap of $2.21 billion, a P/E ratio of -303.75 and a beta of 1.63. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $17.33. The business has a fifty day moving average price of $11.13 and a 200 day moving average price of $10.11.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, September 30th. DigitalBridge Group's payout ratio is currently -100.00%.

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.