XTX Topco Ltd Trims Stake in DigitalBridge Group, Inc. $DBRG

XTX Topco Ltd cut its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 21.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,048 shares of the company’s stock after selling 23,100 shares during the quarter. XTX Topco Ltd’s holdings in DigitalBridge Group were worth $870,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Clearline Capital LP increased its holdings in shares of DigitalBridge Group by 189.8% during the 1st quarter. Clearline Capital LP now owns 2,286,782 shares of the company’s stock valued at $20,169,000 after purchasing an additional 1,497,664 shares in the last quarter. DAVENPORT & Co LLC acquired a new stake in DigitalBridge Group during the second quarter valued at $13,351,000. Conversant Capital LLC purchased a new position in DigitalBridge Group in the first quarter valued at $10,584,000. Segall Bryant & Hamill LLC raised its position in shares of DigitalBridge Group by 65.8% in the second quarter. Segall Bryant & Hamill LLC now owns 2,343,736 shares of the company’s stock worth $24,258,000 after acquiring an additional 929,920 shares during the period. Finally, Nuveen LLC acquired a new position in shares of DigitalBridge Group in the first quarter worth about $6,590,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock opened at $9.54 on Tuesday. The stock has a market capitalization of $1.74 billion, a P/E ratio of -238.38 and a beta of 1.78. The business has a 50 day simple moving average of $11.32 and a two-hundred day simple moving average of $11.09. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $14.00.

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

DigitalBridge Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DBRG shares. Wall Street Zen upgraded DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a research report on Wednesday, October 8th. TD Cowen boosted their price objective on DigitalBridge Group from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Keefe, Bruyette & Woods upped their target price on DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Finally, Zacks Research raised shares of DigitalBridge Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.93.

DigitalBridge Group Profile

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.