Bryce Point Capital LLC Acquires Shares of 36,429 DigitalBridge Group, Inc. (NYSE:DBRG)

Bryce Point Capital LLC bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,429 shares of the company’s stock, valued at approximately $411,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spire Wealth Management purchased a new stake in DigitalBridge Group during the 4th quarter worth about $37,000. Manchester Capital Management LLC lifted its stake in DigitalBridge Group by 172.1% during the fourth 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 holdings in DigitalBridge Group by 114.0% in the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company’s stock valued at $57,000 after purchasing an additional 2,710 shares in the last quarter. KBC Group NV increased its stake 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 purchasing an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in DigitalBridge Group by 164.0% during the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock worth $112,000 after purchasing an additional 6,153 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Trading Down 13.1 %

NYSE:DBRG opened at $7.04 on Friday. DigitalBridge Group, Inc. has a 12-month low of $6.90 and a 12-month high of $19.00. The stock’s 50 day simple moving average is $10.14 and its 200-day simple moving average is $12.04. The firm has a market cap of $1.23 billion, a P/E ratio of 234.50, a PEG 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 (EPS) 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 company had revenue of $101.55 million for the quarter, compared to analysts’ expectations of $93.01 million. Research analysts forecast that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.01 dividend. 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

DBRG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a research report on Wednesday, February 26th. Citizens Jmp raised DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. JMP Securities began coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price for the company. B. Riley dropped their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. 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’s stock. According to MarketBeat.com, DigitalBridge Group has an average rating of “Buy” and a consensus price target 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.