TCTC Holdings LLC lifted its stake in DigitalBridge Group, Inc. (NYSE:DBRG – Free Report) by 39.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 247,442 shares of the company’s stock after purchasing an additional 69,652 shares during the period. TCTC Holdings LLC owned 0.14% of DigitalBridge Group worth $3,796,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Portolan Capital Management LLC increased its stake in shares of DigitalBridge Group by 77.4% in the 3rd 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 during the period. Balyasny Asset Management L.P. lifted its stake in shares of DigitalBridge Group by 380.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,963,403 shares of the company’s stock valued at $34,672,000 after acquiring an additional 2,346,446 shares during the period. Regents of The University of California bought a new position in DigitalBridge Group in the fourth quarter valued at about $27,059,000. Azora Capital LP increased its position in DigitalBridge Group by 62.6% in the third 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 during the period. Finally, Northern Right Capital Management L.P. acquired a new stake in DigitalBridge Group in the third quarter worth about $16,190,000. Institutional investors and hedge funds own 92.69% of the company’s stock.
DigitalBridge Group Stock Performance
NYSE:DBRG opened at $15.73 on Friday. The company has a market cap of $2.87 billion, a PE ratio of 32.09 and a beta of 1.48. The stock has a 50-day simple moving average of $15.62 and a 200 day simple moving average of $14.94. DigitalBridge Group, Inc. has a 52-week low of $8.94 and a 52-week high of $15.73.
DigitalBridge Group Dividend Announcement
Analyst Upgrades and Downgrades
A number of research firms have issued reports on DBRG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. Truist Financial assumed coverage on shares of DigitalBridge Group in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.00 price target for the company. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, DigitalBridge Group has a consensus rating of “Hold” and a consensus price target of $16.00.
Get Our Latest Stock Analysis on DBRG
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.
See Also
- Five stocks we like better than DigitalBridge Group
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Want to see what other hedge funds are holding DBRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DigitalBridge Group, Inc. (NYSE:DBRG – Free Report).
Receive News & Ratings for DigitalBridge Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalBridge Group and related companies with MarketBeat.com's FREE daily email newsletter.
