101,560 Shares in DigitalBridge Group, Inc. $DBRG Acquired by Ovata Capital Management Ltd

Ovata Capital Management Ltd purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 101,560 shares of the company’s stock, valued at approximately $1,558,000. DigitalBridge Group makes up 0.3% of Ovata Capital Management Ltd’s portfolio, making the stock its 29th largest position. Ovata Capital Management Ltd owned about 0.06% of DigitalBridge Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in DigitalBridge Group in the 4th quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in DigitalBridge Group in the 4th quarter valued at approximately $43,000. Tema Etfs LLC bought a new position in DigitalBridge Group in the 4th quarter valued at approximately $50,000. NEOS Investment Management LLC bought a new position in DigitalBridge Group in the 3rd quarter valued at approximately $117,000. Finally, Captrust Financial Advisors bought a new position in DigitalBridge Group in the 2nd quarter valued at approximately $109,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DBRG. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. Truist Financial began coverage on shares of DigitalBridge Group in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, DigitalBridge Group currently has an average rating of “Hold” and a consensus price target of $16.00.

DigitalBridge Group Stock Performance

DBRG stock opened at $15.68 on Friday. The company has a fifty day moving average price of $15.59 and a 200-day moving average price of $14.71. The company has a market capitalization of $2.86 billion, a P/E ratio of 31.99 and a beta of 1.48. DigitalBridge Group, Inc. has a 52-week low of $8.94 and a 52-week high of $15.72.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 8.16%.

DigitalBridge Group Company 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.