AXQ Capital LP Invests $341,000 in DigitalBridge Group, Inc. $DBRG

AXQ Capital LP purchased a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 32,958 shares of the company’s stock, valued at approximately $341,000.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in DigitalBridge Group by 34.0% during the 1st quarter. Victory Capital Management Inc. now owns 28,508 shares of the company’s stock valued at $251,000 after acquiring an additional 7,227 shares in the last quarter. Choreo LLC lifted its position in shares of DigitalBridge Group by 59.0% in the first quarter. Choreo LLC now owns 24,802 shares of the company’s stock worth $219,000 after purchasing an additional 9,203 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of DigitalBridge Group during the first quarter worth approximately $860,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of DigitalBridge Group by 10.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,255 shares of the company’s stock worth $452,000 after purchasing an additional 4,891 shares during the period. Finally, TCTC Holdings LLC grew its position in DigitalBridge Group by 9.6% during the first quarter. TCTC Holdings LLC now owns 137,841 shares of the company’s stock valued at $1,216,000 after purchasing an additional 12,062 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Up 3.1%

Shares of DigitalBridge Group stock opened at $9.46 on Tuesday. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $14.00. The stock has a 50 day moving average price of $11.57 and a two-hundred day moving average price of $11.10. The stock has a market capitalization of $1.73 billion, a P/E ratio of -236.38 and a beta of 1.78.

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

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio is 66.67%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DBRG shares. Keefe, Bruyette & Woods increased their target price on shares of DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Zacks Research raised shares of DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. TD Cowen increased their price objective on DigitalBridge Group from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen raised DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DigitalBridge Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.93.

DigitalBridge Group Company 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.