Xponance Inc. Makes New $138,000 Investment in DigitalBridge Group, Inc. (NYSE:DBRG)

Xponance Inc. bought a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,060 shares of the company’s stock, valued at approximately $138,000.

A number of other large investors have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. raised its holdings in DigitalBridge Group by 32.6% in the second quarter. Westwood Holdings Group Inc. now owns 1,405,038 shares of the company’s stock worth $19,249,000 after purchasing an additional 345,255 shares in the last quarter. Sei Investments Co. raised its holdings in DigitalBridge Group by 121.1% in the second quarter. Sei Investments Co. now owns 669,601 shares of the company’s stock worth $9,174,000 after purchasing an additional 366,745 shares in the last quarter. Pacer Advisors Inc. raised its holdings in DigitalBridge Group by 20.7% in the second quarter. Pacer Advisors Inc. now owns 1,273,166 shares of the company’s stock worth $17,442,000 after purchasing an additional 218,653 shares in the last quarter. King Luther Capital Management Corp raised its holdings in DigitalBridge Group by 1.3% in the second quarter. King Luther Capital Management Corp now owns 71,038 shares of the company’s stock worth $973,000 after purchasing an additional 942 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in DigitalBridge Group in the second quarter worth about $2,880,000. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Up 6.0 %

Shares of NYSE DBRG opened at $14.59 on Thursday. The business’s 50 day moving average price is $13.13 and its 200 day moving average price is $14.45. The firm has a market cap of $2.53 billion, a P/E ratio of 9.41, a P/E/G ratio of 2.59 and a beta of 1.96. DigitalBridge Group, Inc. has a 52 week low of $11.07 and a 52 week high of $20.99.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). DigitalBridge Group had a return on equity of 4.49% and a net margin of 35.10%. The company had revenue of $390.34 million during the quarter, compared to analysts’ expectations of $97.05 million. As a group, research analysts expect that DigitalBridge Group, Inc. will post 0.16 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.01 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.27%. DigitalBridge Group’s dividend payout ratio is presently 2.58%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DBRG. B. Riley cut their price objective on shares of DigitalBridge Group from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Keefe, Bruyette & Woods cut their price objective on shares of DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating on the stock in a report on Tuesday, June 18th. Raymond James cut their price objective on shares of DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating on the stock in a report on Thursday, August 8th. Finally, Wells Fargo & Company cut their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $19.22.

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.