ABC Arbitrage SA Sells 92,179 Shares of DigitalBridge Group, Inc. $DBRG

ABC Arbitrage SA trimmed its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 21.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,012 shares of the company’s stock after selling 92,179 shares during the period. ABC Arbitrage SA’s holdings in DigitalBridge Group were worth $5,336,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pentwater Capital Management LP bought a new stake in shares of DigitalBridge Group in the fourth quarter valued at $176,410,000. KRYGER CAPITAL Ltd bought a new position in DigitalBridge Group in the 4th quarter worth approximately $75,234,000. Soros Fund Management LLC purchased a new position in DigitalBridge Group in the 4th quarter valued at approximately $36,816,000. Toronto Dominion Bank purchased a new position in DigitalBridge Group in the 4th quarter valued at approximately $36,326,000. Finally, Balyasny Asset Management L.P. raised its holdings in DigitalBridge Group by 380.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,963,403 shares of the company’s stock valued at $34,672,000 after acquiring an additional 2,346,446 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Trading Down 0.5%

Shares of DigitalBridge Group stock opened at $15.70 on Tuesday. The firm has a market capitalization of $2.86 billion, a PE ratio of 32.03 and a beta of 1.46. DigitalBridge Group, Inc. has a 12 month low of $8.94 and a 12 month high of $15.82. The business’s 50-day moving average price is $15.71 and its 200-day moving average price is $15.49.

DigitalBridge Group Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.