DigitalBridge Group, Inc. $DBRG Stock Position Raised by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 102.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 865,500 shares of the company’s stock after buying an additional 437,950 shares during the period. Gabelli Funds LLC’s holdings in DigitalBridge Group were worth $13,346,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in DigitalBridge Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company’s stock valued at $834,000 after acquiring an additional 4,122 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of DigitalBridge Group by 45.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,225,993 shares of the company’s stock worth $19,633,000 after purchasing an additional 693,613 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of DigitalBridge Group by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 392,094 shares of the company’s stock worth $3,458,000 after purchasing an additional 21,930 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of DigitalBridge Group by 12.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after purchasing an additional 1,309 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in DigitalBridge Group by 39.1% during the 2nd quarter. Cetera Investment Advisers now owns 21,360 shares of the company’s stock valued at $221,000 after purchasing an additional 6,000 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Trading Down 0.1%

NYSE DBRG opened at $15.88 on Monday. The company has a 50-day moving average price of $15.74 and a two-hundred day moving average price of $15.55. 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 $2.90 billion, a price-to-earnings ratio of 32.42 and a beta of 1.46.

Analyst Ratings Changes

A number of research analysts recently commented on DBRG shares. Weiss Ratings restated 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 target price on the stock. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, DigitalBridge Group presently has an average rating of “Hold” and a consensus target price 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.