Graham Capital Management L.P. lessened its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 90.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,997 shares of the company's stock after selling 107,913 shares during the period. Graham Capital Management L.P.'s holdings in DigitalBridge Group were worth $124,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Spire Wealth Management purchased a new position in DigitalBridge Group during the 4th quarter valued at about $37,000. Manchester Capital Management LLC lifted its position in DigitalBridge Group by 172.1% during the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after acquiring an additional 2,765 shares during the period. Meeder Asset Management Inc. lifted its position in DigitalBridge Group by 114.0% during the 4th 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 during the period. KBC Group NV lifted its position in DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after acquiring an additional 2,750 shares during the period. Finally, Blue Trust Inc. lifted its position in DigitalBridge Group by 164.0% during the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock valued at $112,000 after acquiring an additional 6,153 shares during the period. Institutional investors own 92.69% of the company's stock.
DigitalBridge Group Stock Performance
Shares of DBRG traded up $0.28 during mid-day trading on Friday, reaching $11.15. The stock had a trading volume of 3,415,051 shares, compared to its average volume of 2,577,167. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 371.67, a PEG ratio of 3.46 and a beta of 1.58. 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 of $8.85 and a 200 day moving average of $10.46.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The business had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. On average, research analysts forecast that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.
DigitalBridge Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.01 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. DigitalBridge Group's payout ratio is currently 13.33%.
Wall Street Analyst Weigh In
DBRG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company lifted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Truist Financial decreased their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 target price on shares of DigitalBridge Group in a report on Friday, May 16th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, DigitalBridge Group has a consensus rating of "Buy" and a consensus price target of $16.06.
Check Out Our Latest Stock Analysis on DBRG
About DigitalBridge Group
(
Free Report)
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.
Featured Articles
Before you consider DigitalBridge Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DigitalBridge Group wasn't on the list.
While DigitalBridge Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
