Wolf Hill Capital Management LP Has $20.59 Million Stock Position in DigitalBridge Group, Inc. $DBRG

Wolf Hill Capital Management LP lessened its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 2.3% in the third quarter, HoldingsChannel reports. The fund owned 1,760,143 shares of the company’s stock after selling 40,865 shares during the quarter. DigitalBridge Group makes up approximately 1.9% of Wolf Hill Capital Management LP’s holdings, making the stock its 17th largest holding. Wolf Hill Capital Management LP’s holdings in DigitalBridge Group were worth $20,594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in shares of DigitalBridge Group during the third quarter worth approximately $84,000. Captrust Financial Advisors acquired a new stake in DigitalBridge Group in the 2nd quarter valued at $109,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in DigitalBridge Group during the 2nd quarter valued at $113,000. NEOS Investment Management LLC bought a new stake in DigitalBridge Group during the 3rd quarter valued at $117,000. Finally, Russell Investments Group Ltd. raised its holdings in DigitalBridge Group by 239.4% during the second quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock worth $118,000 after buying an additional 8,022 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

DBRG traded up $0.01 during mid-day trading on Friday, reaching $15.38. 548,937 shares of the stock were exchanged, compared to its average volume of 4,417,179. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $15.55. The stock has a market capitalization of $2.81 billion, a PE ratio of 34.17 and a beta of 1.67. The company has a 50 day moving average price of $15.40 and a two-hundred day moving average price of $13.14.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.3%. DigitalBridge Group’s payout ratio is 8.89%.

Analyst Upgrades and Downgrades

DBRG has been the topic of a number of recent research reports. Weiss Ratings raised shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Keefe, Bruyette & Woods upped their target price on shares of DigitalBridge Group from $13.50 to $16.00 and gave the stock a “market perform” rating in a report on Tuesday, December 30th. TD Cowen cut shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Tuesday, December 30th. B. Riley Financial downgraded DigitalBridge Group from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $16.00 in a research note on Tuesday, December 30th. Finally, Citizens Jmp lowered DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price objective for the company. in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.00.

About DigitalBridge Group

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.