DigitalBridge Group, Inc. (NYSE:DBRG) Shares Shorted: Short Interest Down 97.7% in September

DigitalBridge Group, Inc. (NYSE:DBRG) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 378,969 shares, a decline of 97.7% from the September 15th total of 16,251,269 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 6,424,649 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wall Street Zen raised DigitalBridge Group to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings downgraded DigitalBridge Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.00.

DigitalBridge Group Stock Performance

DBRG traded up $0.01 during trading on Friday, hitting $16.00. The stock had a trading volume of 4,811,658 shares, compared to its average volume of 5,392,103. The firm has a market capitalization of $3.00 billion, a P/E ratio of 10.39 and a beta of 1.45. DigitalBridge Group has a twelve month low of $8.94 and a twelve month high of $16.00. The company’s 50-day moving average price is $15.94 and its 200 day moving average price is $15.76.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, September 30th. DigitalBridge Group’s payout ratio is 2.60%.

Institutional Investors Weigh In On DigitalBridge Group

A number of hedge funds have recently added to or reduced their stakes in the company. Kryger Capital LLC purchased a new position in shares of DigitalBridge Group during the 1st quarter worth approximately $102,736,000. Hsbc Holdings PLC grew its holdings in DigitalBridge Group by 159.3% during the first quarter. Hsbc Holdings PLC now owns 3,110,592 shares of the company’s stock worth $47,919,000 after acquiring an additional 1,910,984 shares during the period. Bank of America Corp DE raised its position in DigitalBridge Group by 29.4% in the first quarter. Bank of America Corp DE now owns 2,574,508 shares of the company’s stock worth $39,699,000 after acquiring an additional 584,205 shares in the last quarter. Magnetar Financial LLC purchased a new position in DigitalBridge Group in the fourth quarter worth $33,808,000. Finally, Blue Grotto Capital LLC acquired a new stake in DigitalBridge Group in the fourth quarter valued at $30,680,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is an alternative asset manager focused on digital infrastructure. The company manages investment strategies and invests in businesses that support the growth of digital communications and data services, including data centers, wireless infrastructure, fiber networks, small cells, edge infrastructure and related technologies.

Through its investment platforms and portfolio companies, DigitalBridge provides capital and strategic support to infrastructure owners and operators serving telecommunications companies, cloud providers, enterprises and other technology customers.