DigitalBridge Group, Inc. $DBRG Shares Sold by CastleKnight Management LP

CastleKnight Management LP reduced its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,963,434 shares of the company’s stock after selling 120,731 shares during the period. DigitalBridge Group comprises 0.7% of CastleKnight Management LP’s portfolio, making the stock its 16th largest position. CastleKnight Management LP’s holdings in DigitalBridge Group were worth $30,119,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DBRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of DigitalBridge Group by 4.6% during the first 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of DigitalBridge Group by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,225,993 shares of the company’s stock worth $19,633,000 after purchasing an additional 693,613 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of DigitalBridge Group by 5.9% during 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 worth $3,458,000 after purchasing an additional 21,930 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of DigitalBridge Group by 12.5% during 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 in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of DigitalBridge Group by 39.1% during the second quarter. Cetera Investment Advisers now owns 21,360 shares of the company’s stock worth $221,000 after purchasing an additional 6,000 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Trading Down 0.3%

Shares of NYSE:DBRG opened at $15.72 on Thursday. The company has a fifty day simple moving average of $15.64 and a 200 day simple moving average of $15.11. The firm has a market cap of $2.87 billion, a PE ratio of 32.07 and a beta of 1.48. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.77.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. DigitalBridge Group’s dividend payout ratio is 8.16%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial assumed coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus 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.