DigitalBridge Group, Inc. (NYSE:DBRG) Shares Shorted: Short Interest Down 97.7% in September

DigitalBridge Group, Inc. (NYSE:DBRG) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 378,969 shares, a drop of 97.7% from the September 15th total of 16,251,269 shares. Based on an average daily volume of 6,424,649 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its position in shares of DigitalBridge Group by 70.4% during the 1st quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $29,000 after purchasing an additional 781 shares during the last quarter. Beaird Harris Wealth Management LLC acquired a new position in shares of DigitalBridge Group in the fourth quarter worth $31,000. Nykredit A S purchased a new stake in shares of DigitalBridge Group in the second quarter valued at $49,000. Public Employees Retirement System of Ohio acquired a new stake in shares of DigitalBridge Group during the second quarter valued at $57,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of DigitalBridge Group during the fourth quarter valued at $74,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on DBRG. Wall Street Zen raised shares of DigitalBridge Group to a “hold” rating in a report on Saturday, September 5th. Weiss Ratings downgraded shares of DigitalBridge Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Price Performance

DigitalBridge Group stock traded up $0.01 during trading hours on Friday, hitting $16.00. The stock had a trading volume of 4,811,658 shares, compared to its average volume of 5,392,103. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 10.39 and a beta of 1.45. DigitalBridge Group has a 1-year low of $8.94 and a 1-year high of $16.00. The stock’s fifty day moving average is $15.94 and its two-hundred day moving average is $15.76.

DigitalBridge Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, September 30th. DigitalBridge Group’s dividend payout ratio is 2.60%.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is an alternative asset manager focused on digital infrastructure. The company manages investment strategies and invests in businesses that support the growth of digital communications and data services, including data centers, wireless infrastructure, fiber networks, small cells, edge infrastructure and related technologies.

Through its investment platforms and portfolio companies, DigitalBridge provides capital and strategic support to infrastructure owners and operators serving telecommunications companies, cloud providers, enterprises and other technology customers.