Ionic Capital Management LLC Acquires Shares of 44,500 DigitalBridge Group, Inc. $DBRG

Ionic Capital Management LLC bought a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) during the fourth quarter, HoldingsChannel reports. The firm bought 44,500 shares of the company’s stock, valued at approximately $683,000.

A number of other institutional investors have also modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its stake in DigitalBridge Group by 305.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after acquiring an additional 1,326 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of DigitalBridge Group in the fourth quarter valued at approximately $31,000. Quarry LP boosted its holdings in shares of DigitalBridge Group by 1,467.2% in the fourth quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after acquiring an additional 1,922 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of DigitalBridge Group in the fourth quarter valued at approximately $43,000. Finally, Tema Etfs LLC bought a new position in shares of DigitalBridge Group in the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DBRG. Truist Financial began coverage on shares of DigitalBridge Group in a report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Stock Performance

NYSE DBRG opened at $15.72 on Thursday. DigitalBridge Group, Inc. has a twelve month low of $8.94 and a twelve month high of $15.77. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 32.07 and a beta of 1.48. The firm’s 50 day moving average price is $15.64 and its two-hundred day moving average price is $15.11.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.01 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. DigitalBridge Group’s dividend payout ratio is presently 8.16%.

DigitalBridge Group Company Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.