46,790 Shares in DigitalBridge Group, Inc. (NYSE:DBRG) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new position in DigitalBridge Group, Inc. (NYSE:DBRG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,790 shares of the company’s stock, valued at approximately $641,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legion Partners Asset Management LLC grew its stake in DigitalBridge Group by 3.3% in the second quarter. Legion Partners Asset Management LLC now owns 3,453,253 shares of the company’s stock worth $47,310,000 after purchasing an additional 111,243 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of DigitalBridge Group by 4.4% in the second quarter. The Manufacturers Life Insurance Company now owns 94,155 shares of the company’s stock worth $1,290,000 after acquiring an additional 4,005 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of DigitalBridge Group by 125.4% in the second quarter. Point72 Asset Management L.P. now owns 1,629,197 shares of the company’s stock worth $22,320,000 after acquiring an additional 906,297 shares during the last quarter. Xponance Inc. purchased a new stake in shares of DigitalBridge Group in the second quarter worth $138,000. Finally, Westwood Holdings Group Inc. grew its stake in shares of DigitalBridge Group by 32.6% in the second quarter. Westwood Holdings Group Inc. now owns 1,405,038 shares of the company’s stock worth $19,249,000 after acquiring an additional 345,255 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Performance

DBRG stock opened at $14.59 on Thursday. DigitalBridge Group, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $20.99. The business’s 50-day moving average is $13.13 and its two-hundred day moving average is $14.45. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 2.59 and a beta of 1.96.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). DigitalBridge Group had a net margin of 35.10% and a return on equity of 4.49%. The firm had revenue of $390.34 million during the quarter, compared to the consensus estimate of $97.05 million. Equities analysts predict that DigitalBridge Group, Inc. will post 0.16 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Monday, September 30th. DigitalBridge Group’s dividend payout ratio (DPR) is currently 2.58%.

Analyst Upgrades and Downgrades

DBRG has been the topic of several recent analyst reports. Raymond James dropped their price objective on DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating on the stock in a research report on Thursday, August 8th. B. Riley dropped their price objective on DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Wells Fargo & Company dropped their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods dropped their price objective on DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating on the stock in a research report on Tuesday, June 18th. Finally, Truist Financial dropped their price objective on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $19.22.

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.