Horizon Kinetics Asset Management LLC Decreases Stake in DigitalBridge Group, Inc. $DBRG

Horizon Kinetics Asset Management LLC reduced its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 7.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,046,533 shares of the company’s stock after selling 239,864 shares during the period. DigitalBridge Group makes up approximately 0.6% of Horizon Kinetics Asset Management LLC’s portfolio, making the stock its 23rd largest position. Horizon Kinetics Asset Management LLC’s holdings in DigitalBridge Group were worth $46,734,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in DBRG. Portolan Capital Management LLC boosted its position in shares of DigitalBridge Group by 77.4% during the 3rd quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock worth $63,978,000 after purchasing an additional 2,386,066 shares in the last quarter. Balyasny Asset Management L.P. boosted its position 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 purchasing an additional 2,346,446 shares in the last quarter. Azora Capital LP boosted its position in shares of DigitalBridge Group by 62.6% during the 3rd quarter. Azora Capital LP now owns 3,703,734 shares of the company’s stock worth $43,334,000 after purchasing an additional 1,425,583 shares in the last quarter. Northern Right Capital Management L.P. purchased a new stake in shares of DigitalBridge Group during the 3rd quarter worth $16,190,000. Finally, JPMorgan Chase & Co. boosted its position in shares of DigitalBridge Group by 140.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,199,140 shares of the company’s stock worth $18,395,000 after purchasing an additional 701,390 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Truist Financial assumed coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One 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 MarketBeat, DigitalBridge Group currently has an average rating of “Hold” and an average price target of $16.00.

DigitalBridge Group Trading Up 0.2%

NYSE:DBRG opened at $15.70 on Wednesday. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 32.03 and a beta of 1.48. The company’s 50-day moving average is $15.61 and its two-hundred day moving average is $14.84. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.72.

DigitalBridge Group Dividend Announcement

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

About DigitalBridge Group

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.