Segall Bryant & Hamill LLC trimmed its holdings in DigitalBridge Group, Inc. (NYSE:DBRG – Free Report) by 27.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,987,284 shares of the company’s stock after selling 754,820 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in DigitalBridge Group were worth $30,644,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its position in DigitalBridge Group by 305.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after purchasing an additional 1,326 shares during the last quarter. Parallel Advisors LLC increased its position in shares of DigitalBridge Group by 70.4% during the 1st quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock valued at $29,000 after purchasing an additional 781 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of DigitalBridge Group during the 4th quarter valued at about $31,000. Beaird Harris Wealth Management LLC bought a new position in shares of DigitalBridge Group in the 4th quarter worth approximately $31,000. Finally, Quarry LP lifted its stake in shares of DigitalBridge Group by 1,467.2% in the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock worth $31,000 after purchasing an additional 1,922 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, DigitalBridge Group has an average rating of “Hold” and an average target price of $16.00.
DigitalBridge Group Trading Up 0.0%
Shares of DBRG stock opened at $15.86 on Friday. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.92. The stock’s 50-day moving average price is $15.75 and its 200-day moving average price is $15.57. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 32.36 and a beta of 1.46.
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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