Wolf Hill Capital Management LP Cuts Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Wolf Hill Capital Management LP trimmed its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 58.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,565,659 shares of the company’s stock after selling 2,205,451 shares during the period. DigitalBridge Group comprises about 1.3% of Wolf Hill Capital Management LP’s holdings, making the stock its 20th biggest position. Wolf Hill Capital Management LP’s holdings in DigitalBridge Group were worth $17,661,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Spire Wealth Management acquired a new stake in shares of DigitalBridge Group in the fourth quarter valued at approximately $37,000. Manchester Capital Management LLC raised its position in shares of DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock worth $49,000 after buying an additional 2,765 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of DigitalBridge Group by 114.0% in the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company’s stock worth $57,000 after purchasing an additional 2,710 shares during the period. KBC Group NV raised its holdings in DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after buying an additional 2,750 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of DigitalBridge Group by 164.0% during the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after acquiring an additional 6,153 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Trading Down 0.5 %

NYSE:DBRG opened at $7.90 on Tuesday. The company has a 50-day moving average of $9.33 and a 200-day moving average of $11.41. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.72. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 263.33, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG) last announced its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The company had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. On average, research analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.51%. DigitalBridge Group’s payout ratio is currently 133.33%.

Analyst Ratings Changes

A number of equities analysts have weighed in on DBRG shares. Truist Financial decreased their price target on DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. B. Riley decreased their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lowered their price objective on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company upped their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Finally, JMP Securities initiated coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $16.39.

About DigitalBridge Group

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.