Schwartz Investment Counsel Inc. Has $7.03 Million Stock Holdings in DigitalBridge Group, Inc. $DBRG

Schwartz Investment Counsel Inc. raised its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 10.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 601,187 shares of the company’s stock after buying an additional 57,560 shares during the period. Schwartz Investment Counsel Inc.’s holdings in DigitalBridge Group were worth $7,034,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in DBRG. State of Alaska Department of Revenue bought a new position in DigitalBridge Group in the third quarter valued at about $84,000. Captrust Financial Advisors bought a new stake in DigitalBridge Group during the 2nd quarter worth about $109,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in DigitalBridge Group during the 2nd quarter valued at about $113,000. Russell Investments Group Ltd. boosted its stake in shares of DigitalBridge Group by 239.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock valued at $118,000 after purchasing an additional 8,022 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of DigitalBridge Group by 12.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after buying an additional 1,309 shares during the period. Institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley lowered shares of DigitalBridge Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $20.00 to $16.00 in a report on Tuesday, December 30th. Keefe, Bruyette & Woods lifted their price objective on DigitalBridge Group from $13.50 to $16.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 30th. TD Cowen lowered DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research note on Tuesday, December 30th. Weiss Ratings restated a “sell (d+)” rating on shares of DigitalBridge Group in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada cut DigitalBridge Group from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $23.00 to $16.00 in a research note on Tuesday, December 30th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, DigitalBridge Group currently has an average rating of “Hold” and an average price target of $16.22.

DigitalBridge Group Trading Up 0.1%

Shares of DigitalBridge Group stock opened at $15.35 on Monday. The stock’s fifty day simple moving average is $12.74 and its 200 day simple moving average is $11.92. The company has a market capitalization of $2.80 billion, a PE ratio of 255.79 and a beta of 1.69. DigitalBridge Group, Inc. has a 12 month low of $6.41 and a 12 month high of $15.55.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $3.82 million during the quarter, compared to the consensus estimate of $96.45 million. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) earnings per share. Analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio (DPR) is 66.67%.

DigitalBridge Group Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.