Orchard Capital Management LLC Has $7.39 Million Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Orchard Capital Management LLC raised its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 421,060 shares of the company’s stock after purchasing an additional 15,770 shares during the period. DigitalBridge Group makes up approximately 2.3% of Orchard Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. Orchard Capital Management LLC owned about 0.26% of DigitalBridge Group worth $7,385,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its stake in DigitalBridge Group by 0.3% during the 4th quarter. New York State Common Retirement Fund now owns 151,149 shares of the company’s stock valued at $2,651,000 after purchasing an additional 514 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in DigitalBridge Group by 7.2% during the 4th quarter. Teacher Retirement System of Texas now owns 13,399 shares of the company’s stock valued at $235,000 after purchasing an additional 905 shares during the last quarter. Fulton Bank N.A. boosted its stake in DigitalBridge Group by 16.8% during the 4th quarter. Fulton Bank N.A. now owns 14,459 shares of the company’s stock valued at $254,000 after purchasing an additional 2,083 shares during the last quarter. Harvest Investment Services LLC boosted its stake in DigitalBridge Group by 8.3% during the 4th quarter. Harvest Investment Services LLC now owns 27,084 shares of the company’s stock valued at $475,000 after purchasing an additional 2,084 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its stake in DigitalBridge Group by 4.3% during the 4th quarter. King Luther Capital Management Corp now owns 60,044 shares of the company’s stock valued at $1,053,000 after purchasing an additional 2,453 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Down 0.7 %

DigitalBridge Group stock opened at $12.76 on Friday. DigitalBridge Group, Inc. has a 52 week low of $12.33 and a 52 week high of $20.99. The company’s 50 day moving average price is $15.04 and its two-hundred day moving average price is $17.20. The stock has a market cap of $2.22 billion, a P/E ratio of 8.23 and a beta of 1.96.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $74.39 million during the quarter, compared to the consensus estimate of $100.76 million. DigitalBridge Group had a return on equity of 3.14% and a net margin of 26.64%. On average, equities analysts anticipate that DigitalBridge Group, Inc. will post 0.25 EPS for the current year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 2.58%.

Analysts Set New Price Targets

DBRG has been the topic of several recent analyst reports. Truist Financial dropped their target price on shares of DigitalBridge Group from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. JPMorgan Chase & Co. dropped their target price on shares of DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $22.00.

About DigitalBridge Group

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.