Rockbridge Capital Management LLC Sells 363,158 Shares of DigitalBridge Group, Inc. $DBRG

Rockbridge Capital Management LLC trimmed its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 95.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,623 shares of the company’s stock after selling 363,158 shares during the quarter. DigitalBridge Group makes up 0.2% of Rockbridge Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Rockbridge Capital Management LLC’s holdings in DigitalBridge Group were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in DBRG. Atlantic Union Bankshares Corp purchased a new stake in shares of DigitalBridge Group during the fourth quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in DigitalBridge Group during the 4th quarter valued at $43,000. Tema Etfs LLC purchased a new stake in DigitalBridge Group during the 4th quarter valued at $50,000. Captrust Financial Advisors purchased a new stake in DigitalBridge Group during the 2nd quarter valued at $109,000. Finally, NEOS Investment Management LLC purchased a new stake in DigitalBridge Group during the 3rd quarter valued at $117,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Up 0.3%

Shares of DBRG opened at $15.73 on Friday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 32.09 and a beta of 1.48. The firm has a fifty day simple moving average of $15.62 and a two-hundred day simple moving average of $14.94. DigitalBridge Group, Inc. has a twelve month low of $8.94 and a twelve month high of $15.73.

DigitalBridge Group Announces Dividend

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

Wall Street Analyst Weigh In

DBRG has been the subject of several analyst reports. Truist Financial initiated coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.00.

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.