Gamco Investors INC. ET AL Sells 35,430 Shares of DigitalBridge Group, Inc. $DBRG

Gamco Investors INC. ET AL lessened its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 20.8% in the fourth quarter, HoldingsChannel reports. The firm owned 134,511 shares of the company’s stock after selling 35,430 shares during the period. Gamco Investors INC. ET AL’s holdings in DigitalBridge Group were worth $2,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DBRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in DigitalBridge Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company’s stock valued at $834,000 after acquiring an additional 4,122 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of DigitalBridge Group by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,225,993 shares of the company’s stock worth $19,633,000 after buying an additional 693,613 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of DigitalBridge Group by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 392,094 shares of the company’s stock worth $3,458,000 after buying an additional 21,930 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of DigitalBridge Group by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after buying an additional 1,309 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of DigitalBridge Group by 39.1% during the second quarter. Cetera Investment Advisers now owns 21,360 shares of the company’s stock worth $221,000 after buying an additional 6,000 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DBRG shares. Truist Financial started coverage on DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target for the company. Weiss Ratings raised DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Finally, Raymond James Financial cut DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. One investment 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. According to data from MarketBeat, DigitalBridge Group has a consensus rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Stock Down 0.1%

NYSE:DBRG opened at $15.70 on Friday. The stock’s 50 day moving average price is $15.53 and its two-hundred day moving average price is $14.37. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 32.03 and a beta of 1.49. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.72.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.3%. DigitalBridge Group’s dividend payout ratio is currently 8.16%.

DigitalBridge Group Company 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.