Samjo Management LLC Increases Stock Holdings in DigitalBridge Group, Inc. $DBRG

Key Points

• Samjo Management LLC increased its stake in DigitalBridge Group by 14.5%, now owning 571,145 shares worth approximately $5 million, making it the 14th largest holding in their portfolio.
• Several institutional investors, including Lazard Asset Management and Brown Advisory, significantly boosted their holdings in DigitalBridge Group, contributing to a collective institutional ownership of 92.69%.
• DigitalBridge Group has a current price target consensus of $16.14 and recently announced a quarterly dividend of $0.01 per share, with an ex-dividend date of September 30th.

Samjo Management LLC boosted its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 14.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 571,145 shares of the company's stock after acquiring an additional 72,195 shares during the quarter. DigitalBridge Group accounts for about 2.1% of Samjo Management LLC's portfolio, making the stock its 14th biggest holding. Samjo Management LLC owned 0.33% of DigitalBridge Group worth $5,037,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its holdings in DigitalBridge Group by 384.5% during the fourth quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock valued at $37,753,000 after purchasing an additional 2,656,100 shares in the last quarter. Lind Value II ApS acquired a new stake in DigitalBridge Group in the 1st quarter worth about $17,479,000. Brown Advisory Inc. increased its stake in DigitalBridge Group by 78.2% during the 4th quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company's stock worth $41,273,000 after buying an additional 1,605,391 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of DigitalBridge Group by 128.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company's stock valued at $25,971,000 after acquiring an additional 1,294,275 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of DigitalBridge Group by 28.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company's stock worth $62,889,000 after acquiring an additional 1,218,901 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

Wall Street Analyst Weigh In

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

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $11.3980 on Friday. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -284.95 and a beta of 1.77. The firm has a 50 day simple moving average of $10.68 and a 200-day simple moving average of $10.04.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.01 dividend. 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 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.

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