Argosy Lionbridge Management LLC Has $755,000 Stock Position in DigitalBridge Group, Inc. $DBRG

Argosy Lionbridge Management LLC cut its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 86.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 64,535 shares of the company’s stock after selling 403,182 shares during the quarter. DigitalBridge Group makes up 0.5% of Argosy Lionbridge Management LLC’s investment portfolio, making the stock its 13th largest position. Argosy Lionbridge Management LLC’s holdings in DigitalBridge Group were worth $755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DBRG. State of Alaska Department of Revenue acquired a new position in shares of DigitalBridge Group in the third quarter valued at approximately $84,000. NEOS Investment Management LLC acquired a new stake in DigitalBridge Group during the 3rd quarter worth approximately $117,000. Captrust Financial Advisors acquired a new stake in DigitalBridge Group during the 2nd quarter worth approximately $109,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in DigitalBridge Group in the 2nd quarter valued at $113,000. Finally, Russell Investments Group Ltd. boosted its stake in DigitalBridge Group by 239.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock valued at $118,000 after purchasing an additional 8,022 shares during the period. Institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citizens Jmp cut DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research report on Monday, December 29th. Keefe, Bruyette & Woods boosted their target price on shares of DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research report on Tuesday, December 30th. Raymond James Financial downgraded shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. TD Cowen lowered shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Tuesday, December 30th. Finally, Weiss Ratings upgraded shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Price Performance

Shares of NYSE:DBRG opened at $15.38 on Friday. The business’s 50 day simple moving average is $15.40 and its 200 day simple moving average is $13.18. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $15.55. The company has a market capitalization of $2.81 billion, a P/E ratio of 34.17 and a beta of 1.67.

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 31st. DigitalBridge Group’s dividend payout ratio is 8.89%.

DigitalBridge Group Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.