EntryPoint Capital LLC Invests $360,000 in DigitalBridge Group, Inc. $DBRG

Key Points

• EntryPoint Capital LLC has acquired a new stake of approximately $360,000 in DigitalBridge Group, Inc., amounting to 40,787 shares, as reported in their recent 13F filing with the SEC.
• Institutional investors and hedge funds now hold approximately 92.69% of DigitalBridge Group's stock, indicating strong institutional interest in the company.
• DigitalBridge Group has recently announced a quarterly dividend of $0.01 per share, with a dividend yield of 0.4%, despite a negative dividend payout ratio of -100.00%.

EntryPoint Capital LLC acquired a new stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 40,787 shares of the company's stock, valued at approximately $360,000.

Several other large investors also recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC boosted its position in DigitalBridge Group by 28.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company's stock valued at $62,889,000 after buying an additional 1,218,901 shares during the period. Massachusetts Financial Services Co. MA boosted its position in DigitalBridge Group by 16.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,029,913 shares of the company's stock valued at $35,544,000 after buying an additional 567,170 shares during the period. Brown Advisory Inc. boosted its position in DigitalBridge Group by 0.9% in the 1st quarter. Brown Advisory Inc. now owns 3,692,895 shares of the company's stock valued at $32,571,000 after buying an additional 33,960 shares during the period. Invesco Ltd. lifted its position in shares of DigitalBridge Group by 7.2% in the 1st quarter. Invesco Ltd. now owns 3,551,228 shares of the company's stock worth $31,322,000 after purchasing an additional 237,503 shares during the period. Finally, Lazard Asset Management LLC lifted its position in shares of DigitalBridge Group by 384.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock worth $37,753,000 after purchasing an additional 2,656,100 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DBRG has been the subject of a number of analyst reports. 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. Truist Financial increased their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Wall Street Zen cut shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 17th. Finally, Keefe, Bruyette & Woods increased 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 report on Tuesday, August 12th. Two 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, DigitalBridge Group currently has an average rating of "Buy" and an average target price of $16.14.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG traded down $0.08 during mid-day trading on Monday, hitting $11.33. The stock had a trading volume of 1,672,338 shares, compared to its average volume of 2,636,264. The firm has a market cap of $2.06 billion, a PE ratio of -283.25 and a beta of 1.77. The company has a 50 day moving average of $10.68 and a two-hundred day moving average of $10.03. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33.

DigitalBridge Group Announces Dividend

The company also recently disclosed 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. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 30th. DigitalBridge Group's dividend payout ratio (DPR) is presently -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.