Holocene Advisors LP Makes New $3.47 Million Investment in DigitalBridge Group, Inc. (NYSE:DBRG)

Holocene Advisors LP acquired a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 245,287 shares of the company's stock, valued at approximately $3,466,000. Holocene Advisors LP owned about 0.14% of DigitalBridge Group as of its most recent filing with the Securities and Exchange Commission (SEC).

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

DigitalBridge Group Trading Down 0.8 %

Shares of NYSE:DBRG traded down $0.11 during mid-day trading on Friday, reaching $12.84. The stock had a trading volume of 1,250,383 shares, compared to its average volume of 2,366,263. The business's 50 day moving average price is $14.07 and its 200 day moving average price is $13.49. DigitalBridge Group, Inc. has a 1 year low of $11.07 and a 1 year high of $20.99. The company has a market cap of $2.24 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 14.75 and a beta of 1.89.

DigitalBridge Group Announces Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. DigitalBridge Group's dividend payout ratio (DPR) is 5.48%.

Analysts Set New Price Targets

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

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.