William Blair Investment Management LLC Sells 633,469 Shares of DigitalBridge Group, Inc. $DBRG

William Blair Investment Management LLC reduced its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,865,445 shares of the company’s stock after selling 633,469 shares during the period. William Blair Investment Management LLC owned 1.02% of DigitalBridge Group worth $28,616,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DBRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of DigitalBridge Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company’s stock valued at $834,000 after buying an additional 4,122 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in DigitalBridge Group by 45.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,225,993 shares of the company’s stock worth $19,633,000 after purchasing an additional 693,613 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in DigitalBridge Group by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 392,094 shares of the company’s stock worth $3,458,000 after purchasing an additional 21,930 shares in the last quarter. Envestnet Asset Management Inc. grew its position in DigitalBridge Group by 12.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in DigitalBridge Group by 39.1% in the 2nd quarter. Cetera Investment Advisers now owns 21,360 shares of the company’s stock worth $221,000 after purchasing an additional 6,000 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DBRG. Weiss Ratings raised shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Raymond James Financial downgraded shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. Finally, Truist Financial began coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Price Performance

NYSE DBRG opened at $15.70 on Monday. DigitalBridge Group, Inc. has a 1 year low of $8.94 and a 1 year high of $15.72. The stock has a market capitalization of $2.86 billion, a PE ratio of 32.03 and a beta of 1.49. The company’s 50 day simple moving average is $15.53 and its two-hundred day simple moving average is $14.39.

DigitalBridge Group Announces Dividend

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

About DigitalBridge Group

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.