Bailard Inc. reduced its stake in DigitalBridge Group, Inc. (NYSE:DBRG – Get Rating) by 85.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,462 shares of the company's stock after selling 117,851 shares during the period. Bailard Inc.'s holdings in DigitalBridge Group were worth $243,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Lindbrook Capital LLC raised its holdings in DigitalBridge Group by 137.4% during the 2nd quarter. Lindbrook Capital LLC now owns 5,036 shares of the company's stock valued at $25,000 after buying an additional 2,915 shares during the last quarter. Spire Wealth Management bought a new stake in shares of DigitalBridge Group in the second quarter worth about $40,000. Whittier Trust Co. increased its holdings in DigitalBridge Group by 78.8% during the 2nd quarter. Whittier Trust Co. now owns 9,076 shares of the company's stock valued at $44,000 after purchasing an additional 4,000 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in DigitalBridge Group during the 2nd quarter valued at about $49,000. Finally, Lake Street Advisors Group LLC purchased a new stake in DigitalBridge Group in the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 88.52% of the company's stock.
Get DigitalBridge Group alerts:Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on DBRG shares. Raymond James reduced their target price on DigitalBridge Group from $38.00 to $34.00 and set a "strong-buy" rating on the stock in a research note on Monday, November 7th. B. Riley decreased their price objective on shares of DigitalBridge Group from $40.00 to $37.00 and set a "buy" rating for the company in a report on Monday, September 19th. Cowen dropped their target price on shares of DigitalBridge Group from $33.00 to $27.00 in a research report on Monday, November 7th. Finally, Cowen reduced their price target on shares of DigitalBridge Group from $33.00 to $27.00 in a research report on Monday, November 7th.
DigitalBridge Group Price Performance
DBRG opened at $10.42 on Thursday. DigitalBridge Group, Inc. has a 12-month low of $10.39 and a 12-month high of $34.20. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -3.96 and a beta of 1.84. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $13.20 and a two-hundred day simple moving average of $16.47.DigitalBridge Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Saturday, December 31st will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. DigitalBridge Group's dividend payout ratio (DPR) is currently -1.52%.
About DigitalBridge Group
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DigitalBridge (NYSE: DBRG) is an infrastructure investment firm. It specializes in investing and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, edge infrastructure, digital infrastructure and real estate. DigitalBridge Group, Inc was founded in 2009 and is headquartered in Boca Raton, Florida with additional offices in Los Angeles, California; New York, New York; Boston, Massachusetts; Denver, Colorado; London, United Kingdom; Senningerberg, Luxembourg and Singapore.
Further Reading
- Get a free copy of the StockNews.com research report on DigitalBridge Group (DBRG)
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