DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 47.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,831 shares of the company's stock after purchasing an additional 43,561 shares during the period. GSA Capital Partners LLP owned 0.08% of DigitalBridge Group worth $1,198,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Covestor Ltd lifted its stake in shares of DigitalBridge Group by 9.8% in the 4th quarter. Covestor Ltd now owns 11,752 shares of the company's stock valued at $133,000 after acquiring an additional 1,049 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of DigitalBridge Group by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 16,631 shares of the company's stock valued at $188,000 after buying an additional 1,056 shares during the period. Sunbelt Securities Inc. raised its holdings in 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 buying an additional 1,464 shares during the last quarter. Fulton Bank N.A. boosted its position in DigitalBridge Group by 5.2% during the 1st quarter. Fulton Bank N.A. now owns 35,194 shares of the company's stock worth $310,000 after buying an additional 1,752 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in shares of DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after purchasing an additional 2,710 shares during the period. Institutional investors and hedge funds own 92.69% of the company's stock.

DigitalBridge Group Price Performance

Shares of NYSE:DBRG traded up $0.22 during trading hours on Monday, hitting $10.64. 473,451 shares of the company's stock traded hands, compared to its average volume of 2,685,013. The business has a fifty day moving average price of $10.69 and a 200-day moving average price of $10.04. The firm has a market capitalization of $1.87 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 1.18 and a beta of 1.77. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $17.33.

Analysts Set New Price Targets

Several research analysts have issued reports on DBRG shares. Wall Street Zen lowered shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Truist Financial lifted their price objective on shares of DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Keefe, Bruyette & Woods reduced their price objective on DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research note on Tuesday, May 6th. Finally, JMP Securities reissued a "market outperform" rating and set a $16.00 price objective on shares of DigitalBridge Group in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.94.

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.