Anson Funds Management LP Has $8.63 Million Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Anson Funds Management LP cut its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 9.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 610,371 shares of the company’s stock after selling 60,497 shares during the period. DigitalBridge Group makes up approximately 0.4% of Anson Funds Management LP’s investment portfolio, making the stock its 24th largest holding. Anson Funds Management LP’s holdings in DigitalBridge Group were worth $8,625,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in shares of DigitalBridge Group by 4.1% during the second quarter. Victory Capital Management Inc. now owns 22,165 shares of the company’s stock worth $304,000 after purchasing an additional 870 shares during the period. Arizona State Retirement System grew its stake in shares of DigitalBridge Group by 1.9% during the second quarter. Arizona State Retirement System now owns 45,735 shares of the company’s stock worth $627,000 after purchasing an additional 872 shares during the period. Fulton Bank N.A. grew its stake in shares of DigitalBridge Group by 3.2% during the third quarter. Fulton Bank N.A. now owns 28,372 shares of the company’s stock worth $401,000 after purchasing an additional 878 shares during the period. King Luther Capital Management Corp grew its stake in shares of DigitalBridge Group by 1.3% during the second quarter. King Luther Capital Management Corp now owns 71,038 shares of the company’s stock worth $973,000 after purchasing an additional 942 shares during the period. Finally, nVerses Capital LLC grew its stake in shares of DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock worth $30,000 after purchasing an additional 1,900 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Price Performance

DBRG stock opened at $12.84 on Friday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 17.59, a P/E/G ratio of 14.65 and a beta of 1.89. The business has a 50-day moving average of $14.04 and a 200-day moving average of $13.49. DigitalBridge Group, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $20.99.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. DigitalBridge Group’s dividend payout ratio is currently 5.48%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial decreased their target price on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods cut DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $17.75 to $14.00 in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft decreased their target price on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Wells Fargo & Company decreased their target price on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their target price on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $18.13.

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.