Slotnik Capital LLC Invests $4.14 Million in DigitalBridge Group, Inc. $DBRG

Slotnik Capital LLC purchased a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 270,000 shares of the company’s stock, valued at approximately $4,142,000. DigitalBridge Group accounts for 1.0% of Slotnik Capital LLC’s portfolio, making the stock its 20th largest holding.

Other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted 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 acquiring an additional 1,326 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of DigitalBridge Group in the 4th quarter worth approximately $31,000. Quarry LP lifted 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 valued at $31,000 after purchasing an additional 1,922 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in DigitalBridge Group during the fourth quarter valued at approximately $43,000. Finally, Tema Etfs LLC acquired a new stake in DigitalBridge Group during the fourth quarter valued at approximately $50,000. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Price Performance

DBRG stock opened at $15.72 on Tuesday. DigitalBridge Group, Inc. has a 12 month low of $8.94 and a 12 month high of $15.76. The firm has a market cap of $2.87 billion, a PE ratio of 32.07 and a beta of 1.48. The firm has a 50 day simple moving average of $15.63 and a 200 day simple moving average of $15.02.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th 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 is Tuesday, June 30th. DigitalBridge Group’s dividend payout ratio is 8.16%.

Analyst Ratings Changes

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