Rockbridge Capital Management LLC Sells 363,158 Shares of DigitalBridge Group, Inc. $DBRG

Rockbridge Capital Management LLC reduced its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 95.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,623 shares of the company’s stock after selling 363,158 shares during the period. DigitalBridge Group accounts for 0.2% of Rockbridge Capital Management LLC’s holdings, making the stock its 24th biggest holding. Rockbridge Capital Management LLC’s holdings in DigitalBridge Group were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DBRG. Handelsbanken Fonder AB grew its stake in DigitalBridge Group by 3.0% during the fourth quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock valued at $575,000 after acquiring an additional 1,100 shares in the last quarter. Cerity Partners LLC grew its stake in DigitalBridge Group by 2.5% during the fourth quarter. Cerity Partners LLC now owns 53,055 shares of the company’s stock valued at $814,000 after acquiring an additional 1,274 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in DigitalBridge Group by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock valued at $122,000 after acquiring an additional 1,309 shares in the last quarter. CWM LLC grew its stake in DigitalBridge Group by 6.1% in the 4th quarter. CWM LLC now owns 33,149 shares of the company’s stock worth $509,000 after buying an additional 1,910 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in DigitalBridge Group by 1.8% in the 2nd quarter. Tidal Investments LLC now owns 114,559 shares of the company’s stock worth $1,186,000 after buying an additional 1,986 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. Truist Financial assumed coverage on shares of DigitalBridge Group in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price target for the company. One 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Trading Up 0.3%

Shares of NYSE DBRG opened at $15.73 on Friday. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 32.09 and a beta of 1.48. DigitalBridge Group, Inc. has a 1-year low of $8.94 and a 1-year high of $15.73. The stock’s 50-day moving average is $15.62 and its 200 day moving average is $14.94.

DigitalBridge Group Announces Dividend

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

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.