K2 Principal Fund L.P. Makes New $2.01 Million Investment in DigitalBridge Group, Inc. $DBRG

K2 Principal Fund L.P. acquired a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 131,067 shares of the company’s stock, valued at approximately $2,011,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of DigitalBridge Group during the 4th quarter worth about $1,121,000. PSquared Asset Management AG purchased a new stake in shares of DigitalBridge Group during the 4th quarter worth about $12,918,000. Quinn Opportunity Partners LLC raised its stake in shares of DigitalBridge Group by 124.3% in the 4th quarter. Quinn Opportunity Partners LLC now owns 244,907 shares of the company’s stock valued at $3,757,000 after acquiring an additional 135,741 shares in the last quarter. Soros Fund Management LLC bought a new position in shares of DigitalBridge Group in the 4th quarter valued at approximately $36,816,000. Finally, Segall Bryant & Hamill LLC raised its stake in shares of DigitalBridge Group by 0.6% in the 4th quarter. Segall Bryant & Hamill LLC now owns 2,742,104 shares of the company’s stock valued at $42,064,000 after acquiring an additional 17,259 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Trading Up 0.1%

Shares of NYSE:DBRG opened at $15.72 on Friday. DigitalBridge Group, Inc. has a 1-year low of $8.94 and a 1-year high of $15.74. The firm has a market capitalization of $2.87 billion, a PE ratio of 32.07 and a beta of 1.48. The business’s 50 day moving average is $15.62 and its 200-day moving average is $14.94.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 annualized dividend and a yield of 0.3%. DigitalBridge Group’s payout ratio is currently 8.16%.

Analysts Set New Price Targets

DBRG has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. Truist Financial initiated coverage on DigitalBridge Group in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, DigitalBridge Group has a consensus rating of “Hold” and an average price target of $16.00.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.