New South Capital Management Inc. Grows Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

New South Capital Management Inc. lifted its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,055,232 shares of the company's stock after purchasing an additional 115,029 shares during the quarter. DigitalBridge Group comprises about 1.9% of New South Capital Management Inc.'s holdings, making the stock its 20th largest holding. New South Capital Management Inc. owned 2.33% of DigitalBridge Group worth $45,743,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in DigitalBridge Group in the 3rd quarter valued at about $34,000. Stoneridge Investment Partners LLC lifted its holdings in DigitalBridge Group by 22.5% in the fourth quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company's stock valued at $148,000 after acquiring an additional 2,408 shares during the last quarter. KBC Group NV lifted its holdings in DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after acquiring an additional 2,750 shares during the last quarter. Manchester Capital Management LLC grew its position in DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after acquiring an additional 2,765 shares during the period. Finally, Atria Investments Inc increased its stake in DigitalBridge Group by 27.3% during the third quarter. Atria Investments Inc now owns 13,569 shares of the company's stock worth $192,000 after acquiring an additional 2,913 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

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DigitalBridge Group Price Performance

Shares of DBRG stock traded down $0.01 during trading on Friday, reaching $9.84. The company's stock had a trading volume of 4,521,463 shares, compared to its average volume of 2,347,651. DigitalBridge Group, Inc. has a 1-year low of $9.49 and a 1-year high of $19.49. The stock's 50-day moving average price is $10.95 and its 200 day moving average price is $12.53. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 327.83, a P/E/G ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted its quarterly 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 business had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. On average, sell-side analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.41%. DigitalBridge Group's payout ratio is 133.33%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DBRG. Keefe, Bruyette & Woods decreased their price target on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a research note on Wednesday, February 26th. Truist Financial decreased their target price on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, December 11th. Wells Fargo & Company lifted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. reduced their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Finally, Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $16.61.

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.