Aigen Investment Management LP Invests $176,000 in DigitalBridge Group, Inc. (NYSE:DBRG)

Aigen Investment Management LP bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,978 shares of the company’s stock, valued at approximately $176,000.

A number of other institutional investors have also recently modified their holdings of the stock. Lazard Asset Management LLC boosted its position in shares of DigitalBridge Group by 384.5% during the fourth quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company’s stock valued at $37,753,000 after buying an additional 2,656,100 shares during the last quarter. Lind Value II ApS purchased a new stake in shares of DigitalBridge Group during the first quarter valued at $17,479,000. Brown Advisory Inc. boosted its position in shares of DigitalBridge Group by 78.2% during the fourth quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company’s stock valued at $41,273,000 after buying an additional 1,605,391 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of DigitalBridge Group by 128.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company’s stock valued at $25,971,000 after buying an additional 1,294,275 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its position in shares of DigitalBridge Group by 28.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company’s stock valued at $62,889,000 after buying an additional 1,218,901 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Down 0.1%

NYSE DBRG opened at $11.21 on Friday. The stock’s 50-day moving average price is $10.62 and its 200-day moving average price is $10.02. DigitalBridge Group, Inc. has a 52 week low of $6.41 and a 52 week high of $17.33. The company has a market capitalization of $2.04 billion, a P/E ratio of -280.25 and a beta of 1.77.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. DigitalBridge Group’s dividend payout ratio (DPR) is -100.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DBRG shares. Keefe, Bruyette & Woods increased their price objective on DigitalBridge Group from $10.50 to $11.00 and gave the company a “market perform” rating in a research report on Tuesday. JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of DigitalBridge Group in a research report on Friday, May 16th. Truist Financial raised their target price on DigitalBridge Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Finally, Wall Street Zen raised DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $16.00.

About DigitalBridge Group

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.