DigitalBridge Group, Inc. (NYSE:DBRG – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 378,969 shares, a drop of 97.7% from the September 15th total of 16,251,269 shares. Based on an average daily trading volume, of 6,424,649 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold.
DigitalBridge Group Stock Up 0.1%
Shares of DigitalBridge Group stock traded up $0.01 on Friday, hitting $16.00. 4,811,658 shares of the company’s stock traded hands, compared to its average volume of 5,392,103. The stock has a market cap of $3.00 billion, a P/E ratio of 10.39 and a beta of 1.45. The firm’s 50-day moving average is $15.94 and its 200 day moving average is $15.76. DigitalBridge Group has a 52-week low of $8.94 and a 52-week high of $16.00.
DigitalBridge Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.3%. DigitalBridge Group’s dividend payout ratio is currently 2.60%.
Wall Street Analyst Weigh In
Check Out Our Latest Report on DBRG
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in DBRG. Tidal Investments LLC lifted its position in shares of DigitalBridge Group by 135.1% during the second quarter. Tidal Investments LLC now owns 497,438 shares of the company’s stock worth $7,850,000 after purchasing an additional 285,866 shares during the last quarter. Engineers Gate Manager LP bought a new stake in DigitalBridge Group in the second quarter valued at about $529,000. Nykredit A S acquired a new stake in DigitalBridge Group during the second quarter valued at approximately $49,000. Corient Private Wealth LP raised its stake in DigitalBridge Group by 98.3% during the second quarter. Corient Private Wealth LP now owns 19,985 shares of the company’s stock valued at $315,000 after buying an additional 9,909 shares in the last quarter. Finally, OceanIQ Capital LLC acquired a new stake in DigitalBridge Group during the second quarter valued at approximately $461,000. 92.69% of the stock is owned by institutional investors and hedge funds.
DigitalBridge Group Company Profile
DigitalBridge Group, Inc (NYSE: DBRG) is an alternative asset manager focused on digital infrastructure. The company manages investment strategies and invests in businesses that support the growth of digital communications and data services, including data centers, wireless infrastructure, fiber networks, small cells, edge infrastructure and related technologies.
Through its investment platforms and portfolio companies, DigitalBridge provides capital and strategic support to infrastructure owners and operators serving telecommunications companies, cloud providers, enterprises and other technology customers.
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