Polar Asset Management Partners Inc. Acquires Shares of 50,000 DigitalBridge Group, Inc. $DBRG

Polar Asset Management Partners Inc. bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 50,000 shares of the company’s stock, valued at approximately $771,000.

A number of other large investors have also modified their holdings of DBRG. Vanguard Group Inc. boosted its position in DigitalBridge Group by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock worth $266,177,000 after acquiring an additional 116,360 shares during the last quarter. Caxton Associates LLP acquired a new stake in DigitalBridge Group in the 1st quarter valued at about $8,881,000. Northwestern Mutual Wealth Management Co. raised its holdings in DigitalBridge Group by 3,788.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 130,540 shares of the company’s stock valued at $2,002,000 after acquiring an additional 127,183 shares during the last quarter. Gabelli Funds LLC lifted its stake in DigitalBridge Group by 102.4% in the 1st quarter. Gabelli Funds LLC now owns 865,500 shares of the company’s stock worth $13,346,000 after purchasing an additional 437,950 shares in the last quarter. Finally, P Schoenfeld Asset Management LP purchased a new position in DigitalBridge Group in the 4th quarter worth approximately $2,608,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

DBRG has been the subject of a number of analyst reports. Truist Financial started coverage on DigitalBridge Group in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price target for the company. Weiss Ratings reaffirmed 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 assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, DigitalBridge Group has a consensus rating of “Hold” and an average price target of $16.00.

DigitalBridge Group Trading Down 0.2%

DigitalBridge Group stock opened at $15.88 on Tuesday. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.92. The stock has a market cap of $2.90 billion, a P/E ratio of 32.40 and a beta of 1.46. The company has a 50-day moving average price of $15.74 and a 200 day moving average price of $15.56.

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.