DigitalBridge Group, Inc. $DBRG Shares Sold by Walleye Capital LLC

Walleye Capital LLC lowered its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 77.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 15,000 shares of the company’s stock after selling 50,210 shares during the period. Walleye Capital LLC’s holdings in DigitalBridge Group were worth $231,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CIBRA Capital Ltd purchased a new stake in shares of DigitalBridge Group during the fourth quarter valued at $2,006,000. Vanguard Group Inc. increased its stake in DigitalBridge Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock worth $266,177,000 after purchasing an additional 116,360 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $2,002,000 after purchasing an additional 127,183 shares in the last quarter. P Schoenfeld Asset Management LP acquired a new stake in DigitalBridge Group during the 4th quarter worth about $2,608,000. Finally, Slotnik Capital LLC purchased a new stake in DigitalBridge Group during the fourth quarter valued at about $4,142,000. 92.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

DBRG has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. Truist Financial initiated coverage on shares of DigitalBridge Group in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, DigitalBridge Group presently has a consensus rating of “Hold” and an average price target of $16.00.

DigitalBridge Group Price Performance

Shares of DBRG opened at $15.88 on Friday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 32.42 and a beta of 1.46. The business’s 50-day moving average is $15.74 and its 200-day moving average is $15.55. DigitalBridge Group, Inc. has a fifty-two week low of $8.94 and a fifty-two week high of $15.92.

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.