DigitalBridge Group, Inc. $DBRG Shares Sold by Clearline Capital LP

Clearline Capital LP trimmed its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 65.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 735,699 shares of the company’s stock after selling 1,364,417 shares during the quarter. Clearline Capital LP owned approximately 0.40% of DigitalBridge Group worth $8,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in DigitalBridge Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company’s stock worth $834,000 after purchasing an additional 4,122 shares during the period. Goldman Sachs Group Inc. increased its stake in DigitalBridge Group by 45.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,225,993 shares of the company’s stock valued at $19,633,000 after purchasing an additional 693,613 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of DigitalBridge Group by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 392,094 shares of the company’s stock valued at $3,458,000 after buying an additional 21,930 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of DigitalBridge Group by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock valued at $122,000 after buying an additional 1,309 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of DigitalBridge Group by 21.3% during the second quarter. Bank of Montreal Can now owns 14,168 shares of the company’s stock worth $147,000 after buying an additional 2,488 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DBRG shares. Weiss Ratings raised DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, March 2nd. TD Cowen cut DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Tuesday, December 30th. B. Riley Financial downgraded DigitalBridge Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $16.00 in a research note on Tuesday, December 30th. Keefe, Bruyette & Woods boosted their target price on DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a report on Tuesday, December 30th. Finally, Royal Bank Of Canada cut DigitalBridge Group from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $23.00 to $16.00 in a research note on Tuesday, December 30th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Stock Up 0.0%

NYSE DBRG opened at $15.38 on Friday. The stock has a market capitalization of $2.81 billion, a P/E ratio of 34.17 and a beta of 1.67. DigitalBridge Group, Inc. has a 52-week low of $6.41 and a 52-week high of $15.55. The firm has a 50-day moving average price of $15.40 and a 200 day moving average price of $13.18.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.01 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. DigitalBridge Group’s payout ratio is 8.89%.

DigitalBridge Group Company 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.