DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 35.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,685 shares of the company’s stock after purchasing an additional 34,783 shares during the period. Gamco Investors INC. ET AL owned 0.08% of DigitalBridge Group worth $1,485,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in shares of DigitalBridge Group in the 4th quarter worth $37,000. Manchester Capital Management LLC grew its holdings in DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock worth $49,000 after acquiring an additional 2,765 shares during the period. Meeder Asset Management Inc. raised its position in DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company’s stock worth $57,000 after acquiring an additional 2,710 shares in the last quarter. KBC Group NV lifted its holdings in DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after acquiring an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of DigitalBridge Group by 164.0% during the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after purchasing an additional 6,153 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Trading Up 2.3 %

Shares of DBRG stock opened at $7.95 on Friday. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.72. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 264.83, a P/E/G ratio of 3.46 and a beta of 1.68. The stock’s fifty day simple moving average is $9.38 and its 200-day simple moving average is $11.51.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $101.55 million during the quarter, compared to analysts’ expectations of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. On average, sell-side analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.50%. DigitalBridge Group’s payout ratio is 133.33%.

Wall Street Analyst Weigh In

Several research firms recently commented on DBRG. JPMorgan Chase & Co. cut their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Truist Financial cut their price objective on DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods reduced their price objective on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company boosted their target price on DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Finally, B. Riley decreased their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $16.39.

DigitalBridge Group Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.