AlphaQuest LLC Has $219,000 Holdings in DigitalBridge Group, Inc. $DBRG

AlphaQuest LLC lessened its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 45.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,181 shares of the company’s stock after selling 17,490 shares during the period. AlphaQuest LLC’s holdings in DigitalBridge Group were worth $219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DBRG. Clearline Capital LP raised its holdings in DigitalBridge Group by 189.8% during the 1st quarter. Clearline Capital LP now owns 2,286,782 shares of the company’s stock worth $20,169,000 after buying an additional 1,497,664 shares during the period. DAVENPORT & Co LLC purchased a new position in DigitalBridge Group during the 2nd quarter valued at about $13,351,000. Conversant Capital LLC purchased a new position in DigitalBridge Group during the 1st quarter valued at about $10,584,000. Private Management Group Inc. grew its stake in DigitalBridge Group by 65.9% during the 1st quarter. Private Management Group Inc. now owns 2,461,756 shares of the company’s stock valued at $21,713,000 after acquiring an additional 978,162 shares in the last quarter. Finally, Nuveen LLC purchased a new position in DigitalBridge Group during the 1st quarter valued at about $6,590,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

DBRG opened at $11.87 on Friday. The business has a fifty day simple moving average of $11.94 and a 200 day simple moving average of $10.87. The company has a market capitalization of $2.16 billion, a PE ratio of -296.63 and a beta of 1.66. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $16.19.

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

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. DigitalBridge Group’s payout ratio is 66.67%.

Analysts Set New Price Targets

Several equities research analysts recently commented on DBRG shares. Keefe, Bruyette & Woods boosted their price target on DigitalBridge Group from $10.50 to $11.00 and gave the company a “market perform” rating in a research note on Tuesday, August 12th. Wall Street Zen upgraded DigitalBridge Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Zacks Research lowered DigitalBridge Group from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a research note on Wednesday, October 8th. Finally, Truist Financial increased their target price on DigitalBridge Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.63.

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.