DigitalBridge Group, Inc. $DBRG Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 65.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 74,169 shares of the company’s stock after selling 143,344 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in DigitalBridge Group were worth $1,144,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Handelsbanken Fonder AB lifted its holdings in shares of DigitalBridge Group by 3.0% in the 4th quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock valued at $575,000 after purchasing an additional 1,100 shares during the last quarter. Cetera Investment Advisers grew its stake in DigitalBridge Group by 4.4% during the 4th quarter. Cetera Investment Advisers now owns 28,921 shares of the company’s stock worth $444,000 after buying an additional 1,214 shares during the last quarter. Cerity Partners LLC increased its position in DigitalBridge Group by 2.5% during the fourth quarter. Cerity Partners LLC now owns 53,055 shares of the company’s stock worth $814,000 after buying an additional 1,274 shares during the period. Envestnet Asset Management Inc. increased its position in DigitalBridge Group by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after buying an additional 1,309 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in DigitalBridge Group by 305.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock valued at $27,000 after buying an additional 1,326 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analysts Set New Price Targets

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

DigitalBridge Group Trading Up 0.0%

Shares of DBRG traded up $0.01 during mid-day trading on Friday, hitting $15.76. 3,278,485 shares of the company’s stock were exchanged, compared to its average volume of 2,984,804. DigitalBridge Group, Inc. has a fifty-two week low of $8.94 and a fifty-two week high of $15.82. The business’s 50 day moving average is $15.70 and its two-hundred day moving average is $15.46. The firm has a market capitalization of $2.87 billion, a P/E ratio of 32.15 and a beta of 1.46.

DigitalBridge Group Announces Dividend

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

DigitalBridge Group Company 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.