Samjo Management LLC Takes $5.63 Million Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Samjo Management LLC purchased a new stake in DigitalBridge Group, Inc. (NYSE:DBRG) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 498,950 shares of the company’s stock, valued at approximately $5,628,000. DigitalBridge Group accounts for about 2.1% of Samjo Management LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in DBRG. Spire Wealth Management acquired a new position in shares of DigitalBridge Group in the 4th quarter valued at $37,000. Manchester Capital Management LLC lifted its holdings 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 acquiring an additional 2,765 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of DigitalBridge Group by 114.0% during 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 increased its holdings in DigitalBridge Group by 49.3% in the 4th 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. raised its position in DigitalBridge Group by 164.0% in the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after purchasing an additional 6,153 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Down 13.1 %

Shares of NYSE:DBRG opened at $7.04 on Friday. DigitalBridge Group, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $19.00. The firm’s 50 day moving average price is $10.14 and its 200 day moving average price is $12.04. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 234.50, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91.

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

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.57%. DigitalBridge Group’s payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DBRG. Keefe, Bruyette & Woods dropped their price objective on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. dropped their target price 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. Wells Fargo & Company increased their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. B. Riley lowered their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Finally, JMP Securities assumed coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They set an “outperform” rating and a $16.00 target price on the stock. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $16.39.

DigitalBridge Group 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.