Tudor Investment Corp ET AL Sells 90,292 Shares of DigitalBridge Group, Inc. $DBRG

Tudor Investment Corp ET AL lessened its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 22.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 320,062 shares of the company’s stock after selling 90,292 shares during the period. Tudor Investment Corp ET AL owned 0.18% of DigitalBridge Group worth $3,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DBRG. State of Alaska Department of Revenue purchased a new position in shares of DigitalBridge Group in the 3rd quarter worth approximately $84,000. NEOS Investment Management LLC purchased a new stake in DigitalBridge Group during the third quarter valued at approximately $117,000. Captrust Financial Advisors purchased a new stake in DigitalBridge Group during the second quarter valued at approximately $109,000. Russell Investments Group Ltd. boosted its stake in DigitalBridge Group by 239.4% in the second quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock valued at $118,000 after acquiring an additional 8,022 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in DigitalBridge Group by 12.5% in the second 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. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Trading Down 0.0%

Shares of DigitalBridge Group stock opened at $15.39 on Friday. The firm’s 50 day simple moving average is $15.40 and its two-hundred day simple moving average is $13.42. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 34.19 and a beta of 1.67. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $15.55.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st 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, March 31st. DigitalBridge Group’s dividend payout ratio is presently 8.89%.

Analyst Ratings Changes

DBRG has been the subject of several analyst reports. Weiss Ratings upgraded DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Keefe, Bruyette & Woods boosted their target price on DigitalBridge Group from $13.50 to $16.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 30th. B. Riley Financial lowered DigitalBridge Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $20.00 to $16.00 in a research report on Tuesday, December 30th. TD Cowen cut DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Tuesday, December 30th. Finally, Citizens Jmp downgraded DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price target for the company. in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, DigitalBridge Group currently has a consensus rating of “Hold” and a consensus target price of $16.00.

About DigitalBridge Group

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.