NINE MASTS CAPITAL Ltd Raises Position in DigitalBridge Group, Inc. $DBRG

Key Points

• NINE MASTS CAPITAL Ltd increased its DigitalBridge Group stake by 88.1% in the second quarter, adding 68,909 shares for a total of 147,100 shares valued at approximately $2.32 million.
• Institutional ownership remains high at 92.69%, while Weiss Ratings upgraded DBRG from “hold” to “buy.” However, the broader analyst consensus remains “Hold,” with an average price target of $16.
• DigitalBridge shares opened at $15.93, near their 52-week high of $15.98. The company also declared a quarterly dividend of $0.01, equivalent to a 0.3% annual yield.

NINE MASTS CAPITAL Ltd increased its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 88.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 147,100 shares of the company's stock after purchasing an additional 68,909 shares during the quarter. NINE MASTS CAPITAL Ltd owned approximately 0.08% of DigitalBridge Group worth $2,321,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DBRG. Steward Partners Investment Advisory LLC boosted its position in shares of DigitalBridge Group by 305.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company's stock worth $27,000 after purchasing an additional 1,326 shares during the period. Parallel Advisors LLC increased its stake in DigitalBridge Group by 70.4% in the 1st quarter. Parallel Advisors LLC now owns 1,891 shares of the company's stock worth $29,000 after buying an additional 781 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in DigitalBridge Group in the 4th quarter worth $31,000. Beaird Harris Wealth Management LLC bought a new stake in DigitalBridge Group during the fourth quarter valued at about $31,000. Finally, Quarry LP raised its holdings in DigitalBridge Group by 1,467.2% during the fourth quarter. Quarry LP now owns 2,053 shares of the company's stock valued at $31,000 after acquiring an additional 1,922 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised DigitalBridge Group from a "hold (c)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $16.00.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG opened at $15.93 on Monday. The company has a market cap of $2.99 billion, a P/E ratio of 10.34 and a beta of 1.47. DigitalBridge Group, Inc. has a 52-week low of $8.94 and a 52-week high of $15.98. The firm's fifty day moving average is $15.84 and its two-hundred day moving average is $15.65.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, September 30th. DigitalBridge Group's payout ratio is 2.60%.

DigitalBridge Group Profile

DigitalBridge Group, Inc NYSE: DBRG is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.

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