Wolf Hill Capital Management LP Sells 2,205,451 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Wolf Hill Capital Management LP lessened its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 58.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,565,659 shares of the company's stock after selling 2,205,451 shares during the quarter. DigitalBridge Group comprises about 1.3% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 20th biggest position. Wolf Hill Capital Management LP owned about 0.90% of DigitalBridge Group worth $17,661,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DBRG. Horizon Kinetics Asset Management LLC increased its holdings in shares of DigitalBridge Group by 868.9% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock worth $50,572,000 after purchasing an additional 4,020,627 shares during the period. Norges Bank bought a new position in shares of DigitalBridge Group during the 4th quarter worth about $7,757,000. William Blair Investment Management LLC increased its holdings in shares of DigitalBridge Group by 27.3% during the 4th quarter. William Blair Investment Management LLC now owns 3,003,062 shares of the company's stock worth $33,875,000 after purchasing an additional 643,705 shares during the period. Portolan Capital Management LLC increased its holdings in shares of DigitalBridge Group by 238.1% during the 4th quarter. Portolan Capital Management LLC now owns 791,932 shares of the company's stock worth $8,933,000 after purchasing an additional 557,694 shares during the period. Finally, Samjo Management LLC bought a new position in shares of DigitalBridge Group during the 4th quarter worth about $5,628,000. Institutional investors own 92.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Wells Fargo & Company lifted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods decreased their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a research report on Wednesday, February 26th. JMP Securities began coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an "outperform" rating and a $16.00 target price on the stock. Finally, Truist Financial decreased their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, DigitalBridge Group has a consensus rating of "Buy" and a consensus target price of $16.39.

DigitalBridge Group Stock Up 1.0 %

NYSE:DBRG traded up $0.08 on Friday, reaching $8.48. The stock had a trading volume of 1,691,292 shares, compared to its average volume of 2,528,584. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33. The stock has a fifty day moving average price of $9.18 and a 200-day moving average price of $11.23. The company has a market capitalization of $1.48 billion, a P/E ratio of 282.67, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The company had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. Sell-side analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.47%. DigitalBridge Group's payout ratio is 133.33%.

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.