Samjo Management LLC Invests $5.63 Million in DigitalBridge Group, Inc. (NYSE:DBRG)

Samjo Management LLC purchased a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 498,950 shares of the company’s stock, valued at approximately $5,628,000. DigitalBridge Group comprises 2.1% of Samjo Management LLC’s holdings, making the stock its 14th biggest holding. Samjo Management LLC owned about 0.29% of DigitalBridge Group at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Spire Wealth Management acquired a new stake in DigitalBridge Group in the 4th quarter worth approximately $37,000. Manchester Capital Management LLC lifted its stake in shares of 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 buying an additional 2,765 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company’s stock valued at $57,000 after buying an additional 2,710 shares during the last quarter. KBC Group NV grew its holdings in shares of DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after buying an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of DigitalBridge Group by 164.0% in the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after acquiring an additional 6,153 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DBRG. Citizens Jmp raised DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. cut their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their price objective on shares of 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. JMP Securities initiated coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $16.39.

DigitalBridge Group Stock Performance

DBRG stock opened at $7.04 on Friday. DigitalBridge Group, Inc. has a one year low of $6.90 and a one year high of $19.00. The firm’s fifty day moving average is $10.14 and its 200 day moving average is $12.04. The firm has a market cap of $1.23 billion, a PE ratio of 234.50, a P/E/G ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last announced its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The firm had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. Research analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.57%. DigitalBridge Group’s payout ratio is currently 133.33%.

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.