William Blair Investment Management LLC Sells 213,301 Shares of DigitalBridge Group, Inc. $DBRG

William Blair Investment Management LLC decreased its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 7.4% during the second quarter, HoldingsChannel reports. The firm owned 2,650,120 shares of the company’s stock after selling 213,301 shares during the quarter. William Blair Investment Management LLC’s holdings in DigitalBridge Group were worth $27,429,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Spirit of America Management Corp NY boosted its stake in shares of DigitalBridge Group by 4.5% during the 2nd quarter. Spirit of America Management Corp NY now owns 46,000 shares of the company’s stock valued at $476,000 after purchasing an additional 2,000 shares in the last quarter. Spire Wealth Management boosted its stake in shares of DigitalBridge Group by 91.1% during the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company’s stock valued at $55,000 after purchasing an additional 2,960 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of DigitalBridge Group by 978.9% during the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company’s stock valued at $39,000 after purchasing an additional 4,033 shares in the last quarter. US Bancorp DE boosted its stake in shares of DigitalBridge Group by 187.3% during the 1st quarter. US Bancorp DE now owns 6,265 shares of the company’s stock valued at $55,000 after purchasing an additional 4,084 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of DigitalBridge Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company’s stock valued at $834,000 after purchasing an additional 4,122 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Keefe, Bruyette & Woods lifted their price target on shares of DigitalBridge Group from $10.50 to $11.00 and gave the company a “market perform” rating in a research report on Tuesday, August 12th. Wall Street Zen raised shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Zacks Research downgraded shares of DigitalBridge Group from a “hold” rating to a “strong sell” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of DigitalBridge Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.14.

DigitalBridge Group Stock Down 1.6%

DBRG opened at $12.29 on Monday. The firm has a 50 day moving average price of $11.69 and a 200-day moving average price of $10.52. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of -307.25 and a beta of 1.66.

DigitalBridge Group (NYSE:DBRG) last announced its earnings results on Thursday, March 21st. The company reported ($0.07) EPS for the quarter. DigitalBridge Group had a net margin of 18.57% and a return on equity of 4.14%. The business had revenue of $232.83 million for the quarter. As a group, analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 30th. DigitalBridge Group’s dividend payout ratio is currently -100.00%.

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.