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

Walleye Capital LLC decreased its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 77.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,000 shares of the company’s stock after selling 50,210 shares during the quarter. Walleye Capital LLC’s holdings in DigitalBridge Group were worth $231,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Pentwater Capital Management LP acquired a new stake in shares of DigitalBridge Group during the fourth quarter worth $176,410,000. KRYGER CAPITAL Ltd bought a new position in DigitalBridge Group during the 4th quarter worth $75,234,000. Soros Fund Management LLC acquired a new stake in DigitalBridge Group in the fourth quarter worth $36,816,000. Toronto Dominion Bank bought a new stake in DigitalBridge Group in the fourth quarter valued at $36,326,000. Finally, Balyasny Asset Management L.P. grew its position in shares of DigitalBridge Group by 380.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,963,403 shares of the company’s stock worth $34,672,000 after acquiring an additional 2,346,446 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DBRG. Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. Truist Financial initiated coverage on DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $16.00.

DigitalBridge Group Stock Up 0.3%

Shares of DBRG stock opened at $15.88 on Friday. The stock has a 50-day simple moving average of $15.74 and a 200 day simple moving average of $15.55. The stock has a market capitalization of $2.90 billion, a P/E ratio of 32.42 and a beta of 1.46. 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.