Ionic Capital Management LLC Acquires Shares of 44,500 DigitalBridge Group, Inc. $DBRG

Ionic Capital Management LLC acquired a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 44,500 shares of the company’s stock, valued at approximately $683,000.

Other hedge funds have also recently bought and sold shares of the company. Aberdeen Group plc purchased a new position in DigitalBridge Group in the 3rd quarter valued at approximately $3,220,000. CIBRA Capital Ltd purchased a new position in DigitalBridge Group in the 4th quarter valued at approximately $2,006,000. Jefferies Financial Group Inc. acquired a new position in shares of DigitalBridge Group during the 3rd quarter worth approximately $1,018,000. Vanguard Group Inc. raised its position in shares of DigitalBridge Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock worth $266,177,000 after purchasing an additional 116,360 shares during the last quarter. Finally, Azora Capital LP raised its position in shares of DigitalBridge Group by 62.6% during the 3rd quarter. Azora Capital LP now owns 3,703,734 shares of the company’s stock worth $43,334,000 after purchasing an additional 1,425,583 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock opened at $15.72 on Thursday. DigitalBridge Group, Inc. has a 1 year low of $8.94 and a 1 year high of $15.77. The company has a market capitalization of $2.87 billion, a P/E ratio of 32.07 and a beta of 1.48. The business has a 50 day moving average price of $15.64 and a 200 day moving average price of $15.11.

DigitalBridge Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DBRG shares. Truist Financial started coverage on DigitalBridge Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $16.00.

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.