NINE MASTS CAPITAL Ltd Boosts Stock Position in DigitalBridge Group, Inc. $DBRG

NINE MASTS CAPITAL Ltd increased its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 88.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 147,100 shares of the company’s stock after purchasing an additional 68,909 shares during the period. NINE MASTS CAPITAL Ltd’s holdings in DigitalBridge Group were worth $2,321,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DBRG. Steward Partners Investment Advisory LLC grew its stake in shares of 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 buying an additional 1,326 shares in the last quarter. Parallel Advisors LLC raised its position 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 buying an additional 781 shares in the last quarter. Beaird Harris Wealth Management LLC purchased a new position in DigitalBridge Group in the fourth quarter worth about $31,000. Atlantic Union Bankshares Corp bought a new stake in DigitalBridge Group during the fourth quarter worth approximately $31,000. Finally, Quarry LP increased its stake in DigitalBridge Group by 1,467.2% during the fourth 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 last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $15.93 on Monday. DigitalBridge Group, Inc. has a 1-year low of $8.94 and a 1-year high of $15.98. The firm has a market capitalization of $2.99 billion, a P/E ratio of 10.34 and a beta of 1.47. The company’s 50-day moving average is $15.84 and its 200 day moving average is $15.65.

DigitalBridge Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised DigitalBridge Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, DigitalBridge Group currently has a consensus rating of “Hold” and an average price target of $16.00.

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.