Cwm LLC Boosts Holdings in DigitalBridge Group, Inc. $DBRG

Cwm LLC grew its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 420.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,484 shares of the company’s stock after purchasing an additional 24,627 shares during the quarter. Cwm LLC’s holdings in DigitalBridge Group were worth $316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in DigitalBridge Group in the 1st quarter valued at about $93,000. Spire Wealth Management raised its holdings in shares of DigitalBridge Group by 91.1% during the first quarter. Spire Wealth Management now owns 6,208 shares of the company’s stock valued at $55,000 after acquiring an additional 2,960 shares during the last quarter. Peregrine Capital Management LLC lifted its position in shares of DigitalBridge Group by 23.6% in the first quarter. Peregrine Capital Management LLC now owns 622,116 shares of the company’s stock valued at $5,487,000 after acquiring an additional 118,974 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of DigitalBridge Group in the first quarter valued at approximately $224,000. Finally, Palisade Capital Management LP boosted its stake in shares of DigitalBridge Group by 30.5% in the first quarter. Palisade Capital Management LP now owns 1,734,855 shares of the company’s stock worth $15,301,000 after acquiring an additional 404,960 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Up 0.2%

Shares of DBRG opened at $12.47 on Monday. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The firm has a market capitalization of $2.27 billion, a P/E ratio of -311.63 and a beta of 1.66. The firm has a 50-day moving average price of $11.81 and a 200 day moving average price of $10.70.

DigitalBridge Group (NYSE:DBRG) last issued its earnings results on Thursday, March 21st. The company reported ($0.07) EPS for the quarter. DigitalBridge Group had a return on equity of 4.14% and a net margin of 18.57%.The firm had revenue of $232.83 million for the quarter. Equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.01 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. DigitalBridge Group’s dividend payout ratio is currently -100.00%.

Wall Street Analysts Forecast Growth

DBRG has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of DigitalBridge Group in a research note on Friday. Truist Financial increased their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Keefe, Bruyette & Woods increased their price objective on shares of DigitalBridge Group from $10.50 to $11.00 and gave the company a “market perform” rating in a report on Tuesday, August 12th. Finally, Zacks Research lowered shares of DigitalBridge Group from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.14.

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.