Fulton Bank N.A. increased its stake in DigitalBridge Group, Inc. (NYSE:DBRG – Free Report) by 46.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,494 shares of the company’s stock after acquiring an additional 8,663 shares during the period. Fulton Bank N.A.’s holdings in DigitalBridge Group were worth $377,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Nordea Investment Management AB acquired a new stake in DigitalBridge Group in the first quarter valued at $3,214,000. Thornburg Investment Management Inc. lifted its position in shares of DigitalBridge Group by 61.8% during the 4th quarter. Thornburg Investment Management Inc. now owns 683,817 shares of the company’s stock valued at $11,994,000 after acquiring an additional 261,080 shares during the period. GRS Advisors LLC lifted its position in shares of DigitalBridge Group by 23.7% during the 4th quarter. GRS Advisors LLC now owns 1,534,820 shares of the company’s stock valued at $26,921,000 after acquiring an additional 293,987 shares during the period. Sei Investments Co. raised its position in shares of DigitalBridge Group by 77.9% during the 1st quarter. Sei Investments Co. now owns 302,856 shares of the company’s stock worth $5,836,000 after purchasing an additional 132,638 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of DigitalBridge Group by 555.4% during the 4th quarter. Franklin Resources Inc. now owns 92,896 shares of the company’s stock worth $1,629,000 after purchasing an additional 78,723 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.
DigitalBridge Group Stock Performance
Shares of DigitalBridge Group stock traded up $0.13 on Tuesday, reaching $12.47. The stock had a trading volume of 1,412,885 shares, compared to its average volume of 2,140,252. The stock has a market cap of $2.17 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 1.38 and a beta of 2.00. DigitalBridge Group, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $20.99. The business’s 50-day moving average price is $13.41 and its two-hundred day moving average price is $16.19.
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DigitalBridge Group Company 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.
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