Kryger Capital LLC Acquires Shares of 6,662,509 DigitalBridge Group, Inc. $DBRG

Kryger Capital LLC acquired a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) during the 1st quarter, Holdings Channel.com reports. The fund acquired 6,662,509 shares of the company’s stock, valued at approximately $102,736,000. DigitalBridge Group comprises about 7.3% of Kryger Capital LLC’s investment portfolio, making the stock its 4th largest position.

Other large investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its stake in shares of DigitalBridge Group by 305.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after acquiring an additional 1,326 shares during the period. Parallel Advisors LLC lifted its position in DigitalBridge Group by 70.4% during the first quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock valued at $29,000 after purchasing an additional 781 shares during the period. Atlantic Union Bankshares Corp acquired a new position in DigitalBridge Group during the fourth quarter valued at $31,000. Beaird Harris Wealth Management LLC purchased a new stake in DigitalBridge Group in the fourth quarter valued at $31,000. Finally, Quarry LP boosted its holdings in DigitalBridge Group by 1,467.2% in the fourth quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after purchasing an additional 1,922 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

DigitalBridge Group Trading Up 0.3%

DigitalBridge Group stock opened at $15.88 on Friday. The firm has a market cap of $2.90 billion, a PE ratio of 32.42 and a beta of 1.46. DigitalBridge Group, Inc. has a 12 month low of $8.94 and a 12 month high of $15.92. The stock’s 50 day simple moving average is $15.74 and its two-hundred day simple moving average is $15.55.

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.