DigitalBridge Group, Inc. $DBRG Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 15.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 475,884 shares of the company’s stock after buying an additional 61,913 shares during the period. Sei Investments Co. owned 0.26% of DigitalBridge Group worth $7,338,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of DigitalBridge Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock worth $266,177,000 after acquiring an additional 116,360 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of DigitalBridge Group by 3,788.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 130,540 shares of the company’s stock valued at $2,002,000 after acquiring an additional 127,183 shares during the period. Kapitalo Investimentos Ltda acquired a new position in shares of DigitalBridge Group during the first quarter valued at approximately $6,944,000. P Schoenfeld Asset Management LP acquired a new position in shares of DigitalBridge Group during the fourth quarter valued at approximately $2,608,000. Finally, Slotnik Capital LLC bought a new stake in DigitalBridge Group during the fourth quarter worth approximately $4,142,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, DigitalBridge Group presently has an average rating of “Hold” and an average price target of $16.00.

DigitalBridge Group Trading Down 0.1%

Shares of DigitalBridge Group stock opened at $15.86 on Monday. The company’s 50-day moving average price is $15.75 and its two-hundred day moving average price is $15.57. DigitalBridge Group, Inc. has a 52 week low of $8.94 and a 52 week high of $15.92. The stock has a market cap of $2.89 billion, a PE ratio of 32.36 and a beta of 1.47.

DigitalBridge Group Profile

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.