DigitalBridge Group, Inc. $DBRG Shares Bought by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL increased their stake in DigitalBridge Group by 34.7% in Q1, now owning 177,432 shares valued at approximately $1.57 million.
• DigitalBridge Group has announced a quarterly dividend of $0.01 per share, with a record date of September 30th, showing a payout ratio of -100%.
• Recent analyst ratings show varying opinions on the stock, with two strong buy ratings and price targets ranging from $11.00 to $16.00.

Gamco Investors INC. ET AL grew its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 34.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,432 shares of the company's stock after purchasing an additional 45,747 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.10% of DigitalBridge Group worth $1,565,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DBRG. Gabelli Funds LLC increased its holdings in DigitalBridge Group by 62.8% during the first quarter. Gabelli Funds LLC now owns 110,000 shares of the company's stock valued at $970,000 after buying an additional 42,440 shares during the period. NCM Capital Management LLC bought a new stake in DigitalBridge Group during the 1st quarter valued at $92,000. Jump Financial LLC purchased a new position in shares of DigitalBridge Group in the 1st quarter valued at $1,278,000. Samjo Management LLC raised its position in shares of DigitalBridge Group by 14.5% in the 1st quarter. Samjo Management LLC now owns 571,145 shares of the company's stock worth $5,037,000 after acquiring an additional 72,195 shares in the last quarter. Finally, Crescent Park Management L.P. bought a new position in shares of DigitalBridge Group in the 1st quarter worth $4,776,000. 92.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DBRG shares. Truist Financial lifted their target price on DigitalBridge Group from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Wall Street Zen downgraded shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 17th. JMP Securities reissued a "market outperform" rating and set a $16.00 target price on shares of DigitalBridge Group in a research report on Friday, May 16th. Finally, Keefe, Bruyette & Woods raised their target price on shares of DigitalBridge Group from $10.50 to $11.00 and gave the company a "market perform" rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $16.14.

DigitalBridge Group Trading Up 0.0%

Shares of DBRG stock traded up $0.00 during mid-day trading on Thursday, reaching $11.27. The stock had a trading volume of 196,633 shares, compared to its average volume of 2,590,353. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -281.63 and a beta of 1.63. The business's fifty day moving average is $10.87 and its 200-day moving average is $10.08.

DigitalBridge Group Announces Dividend

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

DigitalBridge Group 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.