Sargent Investment Group LLC Reduces Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Sargent Investment Group LLC trimmed its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 18.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,645 shares of the company’s stock after selling 7,525 shares during the period. Sargent Investment Group LLC’s holdings in DigitalBridge Group were worth $447,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. nVerses Capital LLC lifted its stake in shares of DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock valued at $30,000 after buying an additional 1,900 shares during the period. Quarry LP acquired a new position in DigitalBridge Group during the fourth quarter valued at approximately $41,000. Headlands Technologies LLC lifted its holdings in shares of DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock valued at $102,000 after acquiring an additional 7,398 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of DigitalBridge Group by 944.8% during the 2nd quarter. Federated Hermes Inc. now owns 10,166 shares of the company’s stock valued at $139,000 after buying an additional 9,193 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new position in DigitalBridge Group in the 1st quarter worth approximately $216,000. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Stock Up 2.6 %

Shares of DBRG stock opened at $14.47 on Tuesday. The company has a market cap of $2.51 billion, a P/E ratio of 9.34, a PEG ratio of 1.78 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. The business has a 50 day moving average of $13.06 and a two-hundred day moving average of $14.77.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results 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 firm had revenue of $390.34 million during the quarter, compared to the consensus estimate of $97.05 million. Analysts expect that DigitalBridge Group, Inc. will post 0.2 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.28%. DigitalBridge Group’s dividend payout ratio (DPR) is 2.58%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DBRG. Wells Fargo & Company dropped their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Truist Financial cut their target price on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Keefe, Bruyette & Woods decreased their price target on shares of DigitalBridge Group from $18.50 to $17.75 and set an “outperform” rating for the company in a research report on Tuesday, June 18th. Raymond James dropped their price target on shares of DigitalBridge Group from $22.00 to $19.00 and set a “strong-buy” rating for the company in a research note on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $19.22.

DigitalBridge Group Company 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.