Sentinel Dome Partners LLC Invests $2.37 Million in DigitalBridge Group, Inc. $DBRG

Sentinel Dome Partners LLC bought a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 154,647 shares of the company’s stock, valued at approximately $2,372,000. DigitalBridge Group makes up about 1.6% of Sentinel Dome Partners LLC’s investment portfolio, making the stock its 19th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its position in shares of DigitalBridge Group by 305.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after acquiring an additional 1,326 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of DigitalBridge Group during the 4th quarter valued at about $31,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of DigitalBridge Group during the 4th quarter valued at about $31,000. Quarry LP increased its stake in shares of DigitalBridge Group by 1,467.2% in the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after purchasing an additional 1,922 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of DigitalBridge Group in the 4th quarter valued at about $43,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Truist Financial began coverage on DigitalBridge Group in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, DigitalBridge Group presently has a consensus rating of “Hold” and an average price target of $16.00.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock opened at $15.76 on Friday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 32.15 and a beta of 1.48. The business has a 50 day simple moving average of $15.65 and a two-hundred day simple moving average of $15.16. DigitalBridge Group, Inc. has a 12 month low of $8.94 and a 12 month high of $15.77.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio is presently 8.16%.

DigitalBridge Group Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.