Mirae Asset Global Investments Co. Ltd. Has $4.01 Million Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 31.3% during the 4th quarter, HoldingsChannel reports. The fund owned 228,617 shares of the company’s stock after purchasing an additional 54,461 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in DigitalBridge Group were worth $4,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DBRG. Nomura Asset Management Co. Ltd. raised its position in DigitalBridge Group by 76.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,300 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares during the last quarter. Quarry LP acquired a new position in shares of DigitalBridge Group in the first quarter valued at approximately $32,000. Dark Forest Capital Management LP raised its holdings in DigitalBridge Group by 161.1% in the 1st quarter. Dark Forest Capital Management LP now owns 2,781 shares of the company’s stock valued at $33,000 after buying an additional 1,716 shares during the last quarter. Sunbelt Securities Inc. bought a new position in DigitalBridge Group in the 1st quarter valued at approximately $34,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in DigitalBridge Group during the 3rd quarter worth approximately $71,000. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

Shares of DBRG opened at $17.70 on Wednesday. The business has a 50-day moving average of $18.78 and a 200-day moving average of $17.71. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 36.11 and a beta of 1.91. DigitalBridge Group, Inc. has a 1 year low of $10.20 and a 1 year high of $20.99.

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

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date was Wednesday, March 27th. DigitalBridge Group’s dividend payout ratio is presently 8.16%.

Analyst Upgrades and Downgrades

Separately, Truist Financial upped their price target on shares of DigitalBridge Group from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, DigitalBridge Group presently has an average rating of “Buy” and a consensus price target of $22.08.

About DigitalBridge Group

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.