Vestcor Inc purchased a new position in DigitalBridge Group, Inc. (NYSE:DBRG – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 165,956 shares of the company’s stock, valued at approximately $2,546,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DBRG. Portolan Capital Management LLC increased its holdings in DigitalBridge Group by 77.4% in the 3rd quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock worth $63,978,000 after acquiring an additional 2,386,066 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in DigitalBridge Group by 380.3% in 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 increased its holdings in DigitalBridge Group by 62.6% in the 3rd quarter. Azora Capital LP now owns 3,703,734 shares of the company’s stock worth $43,334,000 after acquiring an additional 1,425,583 shares in the last quarter. Northern Right Capital Management L.P. purchased a new stake in DigitalBridge Group in the 3rd quarter worth $16,190,000. Finally, Goldman Sachs Group Inc. grew its holdings 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 in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.
DigitalBridge Group Stock Up 0.0%
DigitalBridge Group stock opened at $15.67 on Monday. DigitalBridge Group, Inc. has a 52-week low of $8.94 and a 52-week high of $15.72. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 31.97 and a beta of 1.48. The company has a fifty day simple moving average of $15.59 and a 200-day simple moving average of $14.75.
DigitalBridge Group Announces Dividend
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. Truist Financial assumed coverage on shares of DigitalBridge Group in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price for the company. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.00.
View Our Latest Analysis on DBRG
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.
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