Tidal Investments LLC Grows Position in DigitalBridge Group, Inc. $DBRG

Tidal Investments LLC raised its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 135.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 497,438 shares of the company’s stock after purchasing an additional 285,866 shares during the period. Tidal Investments LLC’s holdings in DigitalBridge Group were worth $7,850,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DBRG. Steward Partners Investment Advisory LLC raised its stake in shares of DigitalBridge Group by 305.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after buying an additional 1,326 shares during the period. Parallel Advisors LLC grew its stake in shares of DigitalBridge Group by 70.4% during the 1st quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock valued at $29,000 after acquiring an additional 781 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of DigitalBridge Group during the 4th quarter valued at approximately $31,000. Beaird Harris Wealth Management LLC purchased a new stake in DigitalBridge Group in the 4th quarter worth approximately $31,000. Finally, Quarry LP raised its stake in DigitalBridge Group by 1,467.2% during the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock worth $31,000 after acquiring an additional 1,922 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings lowered shares of DigitalBridge Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Wall Street Zen upgraded shares of DigitalBridge Group to a “hold” rating in a research report on Saturday, September 5th. 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.00.

DigitalBridge Group Stock Down 0.1%

NYSE DBRG opened at $15.90 on Friday. DigitalBridge Group, Inc. has a twelve month low of $8.94 and a twelve month high of $15.98. The business has a 50-day moving average price of $15.88 and a 200-day moving average price of $15.68. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 10.33 and a beta of 1.47.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, September 30th. DigitalBridge Group’s dividend payout ratio is presently 2.60%.

DigitalBridge Group Company Profile

DigitalBridge Group, Inc (NYSE: DBRG) is an investment management firm focused on digital infrastructure. Through its investment management platform, the company invests in and manages assets that support the digital economy, including data centers, wireless infrastructure, fiber networks, small-cell systems and edge infrastructure.

DigitalBridge serves infrastructure owners, technology companies, communications providers and other institutional investors by providing investment management and asset management services.