Gamco Investors INC. ET AL Acquires 34,783 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Gamco Investors INC. ET AL grew its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 35.9% during the fourth quarter, Holdings Channel reports. The firm owned 131,685 shares of the company’s stock after purchasing an additional 34,783 shares during the period. Gamco Investors INC. ET AL’s holdings in DigitalBridge Group were worth $1,485,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DBRG. Spire Wealth Management acquired a new stake in shares of DigitalBridge Group in the fourth quarter worth about $37,000. Manchester Capital Management LLC lifted its holdings in 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 purchasing an additional 2,765 shares during the last quarter. Meeder Asset Management Inc. boosted its position in DigitalBridge Group by 114.0% during the fourth 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 grew its holdings in DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after purchasing an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of DigitalBridge Group by 164.0% in the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock worth $112,000 after buying an additional 6,153 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Price Performance

Shares of DBRG stock opened at $7.95 on Friday. DigitalBridge Group, Inc. has a one year low of $6.41 and a one year high of $17.72. The stock has a fifty day moving average price of $9.38 and a 200 day moving average price of $11.51. The stock has a market cap of $1.39 billion, a P/E ratio of 264.83, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68.

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

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.50%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DBRG shares. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. 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 note on Tuesday, January 7th. JMP Securities assumed coverage on DigitalBridge Group in a research report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Truist Financial cut their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $16.39.

DigitalBridge Group Company Profile

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.