Anson Funds Management LP Has $8.63 Million Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Anson Funds Management LP trimmed its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 610,371 shares of the company's stock after selling 60,497 shares during the quarter. DigitalBridge Group makes up approximately 0.4% of Anson Funds Management LP's portfolio, making the stock its 24th largest position. Anson Funds Management LP owned approximately 0.35% of DigitalBridge Group worth $8,625,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in DBRG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in DigitalBridge Group by 24.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company's stock worth $19,281,000 after acquiring an additional 271,853 shares in the last quarter. Horizon Kinetics Asset Management LLC acquired a new position in shares of DigitalBridge Group in the 3rd quarter valued at about $6,538,000. Sei Investments Co. lifted its position in shares of DigitalBridge Group by 121.1% in the second quarter. Sei Investments Co. now owns 669,601 shares of the company's stock worth $9,174,000 after purchasing an additional 366,745 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of DigitalBridge Group during the second quarter worth approximately $476,000. Finally, Westwood Holdings Group Inc. grew its position in DigitalBridge Group by 32.6% during the second quarter. Westwood Holdings Group Inc. now owns 1,405,038 shares of the company's stock valued at $19,249,000 after purchasing an additional 345,255 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DBRG shares. Wells Fargo & Company reduced their price objective on DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Truist Financial reduced their price target on DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, August 21st. Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. Raymond James reduced their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $18.13.

DigitalBridge Group Trading Down 0.8 %

DBRG traded down $0.11 on Friday, hitting $12.84. 1,250,652 shares of the stock traded hands, compared to its average volume of 2,636,964. The business has a fifty day moving average price of $14.04 and a two-hundred day moving average price of $13.49. The firm has a market capitalization of $2.24 billion, a PE ratio of 17.59, a P/E/G ratio of 14.65 and a beta of 1.89. DigitalBridge Group, Inc. has a 52 week low of $11.07 and a 52 week high of $20.99.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group's payout ratio is 5.48%.

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.