DigitalBridge Group, Inc. $DBRG Position Increased by Sei Investments Co.

Sei Investments Co. boosted its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 15.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 475,884 shares of the company’s stock after buying an additional 61,913 shares during the quarter. Sei Investments Co.’s holdings in DigitalBridge Group were worth $7,338,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DBRG. Kapitalo Investimentos Ltda bought a new stake in shares of DigitalBridge Group during the 1st quarter worth $6,944,000. Parallel Advisors LLC raised its position in shares of DigitalBridge Group by 70.4% during the first 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 period. KBC Group NV raised its position in shares of DigitalBridge Group by 47.9% during the first quarter. KBC Group NV now owns 7,776 shares of the company’s stock worth $120,000 after purchasing an additional 2,517 shares during the period. Swiss National Bank lifted its holdings in shares of DigitalBridge Group by 0.7% during the first quarter. Swiss National Bank now owns 361,425 shares of the company’s stock valued at $5,573,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of DigitalBridge Group during the first quarter valued at $155,000. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Down 0.1%

Shares of NYSE:DBRG opened at $15.86 on Monday. The firm has a fifty day moving average of $15.75 and a two-hundred day moving average of $15.57. The firm has a market capitalization of $2.89 billion, a P/E ratio of 32.36 and a beta of 1.47. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.92.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. 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 stock. Based on data from MarketBeat.com, DigitalBridge Group has an average rating of “Hold” and an average target price 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.