Fox Run Management L.L.C. Raises Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Fox Run Management L.L.C. grew its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 193.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,911 shares of the company's stock after purchasing an additional 37,506 shares during the quarter. Fox Run Management L.L.C.'s holdings in DigitalBridge Group were worth $642,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DBRG. KLP Kapitalforvaltning AS purchased a new stake in DigitalBridge Group during the fourth quarter worth approximately $378,000. American Century Companies Inc. lifted its position in shares of DigitalBridge Group by 84.3% during the 4th quarter. American Century Companies Inc. now owns 193,300 shares of the company's stock worth $2,180,000 after buying an additional 88,408 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of DigitalBridge Group during the 4th quarter worth approximately $742,000. Sciencast Management LP purchased a new position in shares of DigitalBridge Group in the 4th quarter valued at $249,000. Finally, Xponance Inc. grew its position in shares of DigitalBridge Group by 12.7% in the 4th quarter. Xponance Inc. now owns 11,725 shares of the company's stock valued at $132,000 after buying an additional 1,321 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Stock Down 2.9 %

Shares of NYSE DBRG traded down $0.27 during mid-day trading on Friday, hitting $8.88. 2,564,538 shares of the company were exchanged, compared to its average volume of 2,444,997. The stock has a 50 day simple moving average of $10.45 and a 200-day simple moving average of $12.22. DigitalBridge Group, Inc. has a 1-year low of $8.79 and a 1-year high of $19.49. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 295.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91.

Remove Ads

DigitalBridge Group (NYSE:DBRG - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The company had revenue of $101.55 million during the quarter, compared to analysts' expectations of $93.01 million. Analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group's payout ratio is 133.33%.

Analyst Ratings Changes

Several research firms have issued reports on DBRG. Wells Fargo & Company upped their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. JMP Securities initiated coverage on DigitalBridge Group in a research report on Monday, January 27th. They set an "outperform" rating and a $16.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Finally, Truist Financial cut their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $16.39.

DigitalBridge Group Company 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.