Peregrine Capital Management LLC Has $7.05 Million Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Peregrine Capital Management LLC reduced its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 402,070 shares of the company's stock after selling 69,373 shares during the period. Peregrine Capital Management LLC owned 0.25% of DigitalBridge Group worth $7,052,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. acquired a new position in DigitalBridge Group in the fourth quarter worth $19,351,000. Vanguard Group Inc. lifted its stake in DigitalBridge Group by 0.4% in the third quarter. Vanguard Group Inc. now owns 23,377,984 shares of the company's stock valued at $410,985,000 after buying an additional 83,381 shares during the last quarter. Raymond James & Associates raised its stake in shares of DigitalBridge Group by 311.5% during the fourth quarter. Raymond James & Associates now owns 469,647 shares of the company's stock valued at $8,238,000 after purchasing an additional 355,524 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of DigitalBridge Group during the third quarter valued at about $47,948,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of DigitalBridge Group by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,515,517 shares of the company's stock valued at $26,643,000 after purchasing an additional 33,936 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Up 2.6 %

DigitalBridge Group stock traded up $0.48 during midday trading on Thursday, hitting $18.64. The company's stock had a trading volume of 1,826,045 shares, compared to its average volume of 2,073,069. The stock's 50-day moving average price is $18.87 and its 200-day moving average price is $17.68. DigitalBridge Group, Inc. has a 12 month low of $10.20 and a 12 month high of $20.99. The company has a market capitalization of $3.05 billion, a PE ratio of 38.04 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.06. The firm had revenue of $350.31 million for the quarter, compared to analysts' expectations of $287.41 million. DigitalBridge Group had a net margin of 12.33% and a return on equity of 2.39%. As a group, equities analysts anticipate that DigitalBridge Group, Inc. will post -0.14 EPS for the current year.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be paid a $0.01 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.21%. DigitalBridge Group's dividend payout ratio is currently 8.16%.

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.