Slotnik Capital LLC Acquires New Position in DigitalBridge Group, Inc. $DBRG

Slotnik Capital LLC acquired a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 270,000 shares of the company’s stock, valued at approximately $4,142,000. DigitalBridge Group comprises about 1.0% of Slotnik Capital LLC’s holdings, making the stock its 20th largest holding. Slotnik Capital LLC owned 0.15% of DigitalBridge Group at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Handelsbanken Fonder AB grew its position in shares of DigitalBridge Group by 3.0% during the 4th quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock valued at $575,000 after buying an additional 1,100 shares during the last quarter. Cerity Partners LLC grew its position in DigitalBridge Group by 2.5% in the 4th quarter. Cerity Partners LLC now owns 53,055 shares of the company’s stock worth $814,000 after purchasing an additional 1,274 shares during the last quarter. Envestnet Asset Management Inc. grew its position in DigitalBridge Group by 12.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after purchasing an additional 1,309 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in DigitalBridge Group by 305.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after purchasing an additional 1,326 shares during the last quarter. Finally, CWM LLC grew its position in DigitalBridge Group by 6.1% in the 4th quarter. CWM LLC now owns 33,149 shares of the company’s stock worth $509,000 after purchasing an additional 1,910 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DBRG. Truist Financial began coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One 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. According to MarketBeat.com, DigitalBridge Group has an average rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Trading Up 0.0%

Shares of NYSE:DBRG opened at $15.72 on Tuesday. The company has a 50 day moving average of $15.63 and a 200-day moving average of $15.02. The firm has a market cap of $2.87 billion, a P/E ratio of 32.07 and a beta of 1.48. DigitalBridge Group, Inc. has a twelve month low of $8.94 and a twelve month high of $15.76.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid 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 of this dividend is Tuesday, June 30th. DigitalBridge Group’s dividend payout ratio is currently 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.