Blue Grotto Capital LLC Invests $30.68 Million in DigitalBridge Group, Inc. $DBRG

Blue Grotto Capital LLC purchased a new position in DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,000,000 shares of the company’s stock, valued at approximately $30,680,000. DigitalBridge Group accounts for 3.2% of Blue Grotto Capital LLC’s portfolio, making the stock its 17th biggest position. Blue Grotto Capital LLC owned 1.09% of DigitalBridge Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Aberdeen Group plc bought a new stake in shares of DigitalBridge Group in the third quarter worth approximately $3,220,000. CIBRA Capital Ltd bought a new stake in shares of DigitalBridge Group in the fourth quarter worth approximately $2,006,000. Jefferies Financial Group Inc. bought a new stake in shares of DigitalBridge Group in the third quarter worth approximately $1,018,000. Azora Capital LP grew its stake in shares of DigitalBridge Group by 62.6% in the third quarter. Azora Capital LP now owns 3,703,734 shares of the company’s stock worth $43,334,000 after acquiring an additional 1,425,583 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of DigitalBridge Group by 0.7% in the fourth 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. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Trading Up 0.0%

Shares of NYSE DBRG opened at $15.72 on Tuesday. The firm has a 50 day moving average of $15.63 and a 200 day moving average of $15.02. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 32.07 and a beta of 1.48. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.76.

DigitalBridge Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on DBRG shares. Truist Financial started coverage on shares of DigitalBridge Group in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.00.

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.