DigitalBridge Group, Inc. $DBRG Shares Sold by Clearline Capital LP

Clearline Capital LP decreased its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 65.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 735,699 shares of the company’s stock after selling 1,364,417 shares during the period. Clearline Capital LP’s holdings in DigitalBridge Group were worth $8,608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Portolan Capital Management LLC increased its holdings in DigitalBridge Group by 77.4% in the third quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock valued at $63,978,000 after buying an additional 2,386,066 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of DigitalBridge Group by 380.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,963,403 shares of the company’s stock worth $34,672,000 after acquiring an additional 2,346,446 shares in the last quarter. Azora Capital LP acquired a new stake in shares of DigitalBridge Group in the 2nd quarter worth approximately $23,579,000. Long Pond Capital LP acquired a new stake in shares of DigitalBridge Group in the 2nd quarter worth approximately $13,747,000. Finally, Frontier Capital Management Co. LLC increased its stake in DigitalBridge Group by 29.8% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 5,669,342 shares of the company’s stock valued at $58,678,000 after purchasing an additional 1,302,150 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. TD Cowen downgraded DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Tuesday, December 30th. B. Riley Financial cut DigitalBridge Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $20.00 to $16.00 in a research report on Tuesday, December 30th. Keefe, Bruyette & Woods lifted their price target on DigitalBridge Group from $13.50 to $16.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 30th. Raymond James Financial lowered shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings raised shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.00.

DigitalBridge Group Stock Performance

Shares of NYSE:DBRG opened at $15.38 on Friday. The business’s fifty day moving average price is $15.40 and its two-hundred day moving average price is $13.18. The stock has a market cap of $2.81 billion, a PE ratio of 34.17 and a beta of 1.67. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $15.55.

DigitalBridge Group Dividend Announcement

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