Dynamic Technology Lab Private Ltd Buys New Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Dynamic Technology Lab Private Ltd bought a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 81,920 shares of the company's stock, valued at approximately $1,158,000.

A number of other hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC boosted its position in shares of DigitalBridge Group by 633.3% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock valued at $30,000 after purchasing an additional 1,900 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in DigitalBridge Group in the third quarter worth approximately $34,000. Central Pacific Bank Trust Division bought a new position in shares of DigitalBridge Group in the third quarter valued at $35,000. Blue Trust Inc. lifted its position in shares of DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock valued at $51,000 after acquiring an additional 2,408 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company's stock worth $102,000 after acquiring an additional 7,398 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

DigitalBridge Group Stock Performance

Shares of DBRG traded up $0.36 during trading hours on Wednesday, hitting $13.11. 1,428,964 shares of the company were exchanged, compared to its average volume of 2,378,393. The company has a market cap of $2.28 billion, a PE ratio of 17.89, a PEG ratio of 3.99 and a beta of 1.94. The firm's 50 day moving average is $14.27 and its 200-day moving average is $13.55. DigitalBridge Group, Inc. has a 52 week low of $11.07 and a 52 week high of $20.99.

DigitalBridge Group Announces Dividend

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

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.