Private Management Group Inc. Has $25.73 Million Stock Position in DigitalBridge Group, Inc. $DBRG

Private Management Group Inc. lifted its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 1.0% during the second quarter, Holdings Channel.com reports. The firm owned 2,485,817 shares of the company’s stock after acquiring an additional 24,061 shares during the period. Private Management Group Inc.’s holdings in DigitalBridge Group were worth $25,728,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. US Bancorp DE increased its position in DigitalBridge Group by 187.3% in the 1st quarter. US Bancorp DE now owns 6,265 shares of the company’s stock valued at $55,000 after buying an additional 4,084 shares in the last quarter. Headlands Technologies LLC grew its stake in DigitalBridge Group by 200.5% in the first quarter. Headlands Technologies LLC now owns 8,774 shares of the company’s stock valued at $77,000 after acquiring an additional 5,854 shares during the period. NCM Capital Management LLC acquired a new stake in DigitalBridge Group in the first quarter valued at approximately $92,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of DigitalBridge Group during the second quarter valued at approximately $113,000. Finally, Envestnet Asset Management Inc. raised 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 during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock opened at $9.17 on Friday. The firm has a market cap of $1.68 billion, a PE ratio of -229.25 and a beta of 1.78. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $14.00. The stock has a fifty day moving average price of $11.62 and a 200-day moving average price of $11.06.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share for the quarter. DigitalBridge Group had a net margin of 18.57% and a return on equity of 4.14%. The company had revenue of $232.83 million for the quarter. As a group, equities analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 66.67%.

Analyst Upgrades and Downgrades

DBRG has been the subject of several research reports. Zacks Research raised shares of DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Wall Street Zen upgraded shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. B. Riley raised shares of DigitalBridge Group to a “strong-buy” rating in a research report on Thursday, October 30th. Keefe, Bruyette & Woods raised their price target on shares of DigitalBridge Group from $11.00 to $12.50 and gave the company a “market perform” rating in a research report on Monday, November 3rd. Finally, TD Cowen lifted their price target on DigitalBridge Group from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, DigitalBridge Group currently has an average rating of “Moderate Buy” and an average price target of $16.93.

About DigitalBridge Group

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.