TCTC Holdings LLC Buys 69,652 Shares of DigitalBridge Group, Inc. $DBRG

TCTC Holdings LLC lifted its stake in DigitalBridge Group, Inc. (NYSE:DBRGFree 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

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

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

(Free Report)

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

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Institutional Ownership by Quarter for DigitalBridge Group (NYSE:DBRG)

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