DigitalBridge Group Inc. [DBRG] moved up 5.29: Why It’s Important

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DigitalBridge Group Inc. [NYSE: DBRG] traded at a high on 11/23/21, posting a 5.29 gain after which it closed the day’ session at $7.96. The company report on November 16, 2021 that DigitalBridge Announces Exchange with Holders of $106 Million of Exchangeable Notes.

DigitalBridge Group, Inc. (“DigitalBridge”), announced that DigitalBridge and DigitalBridge Operating Company, LLC (the “Issuer”) entered into a privately negotiated exchange agreement (the “Early Exchange Agreement”) with certain noteholders (the “Noteholders”) of the Issuer’s 5.75% Exchangeable Senior Notes due 2025 (the “2025 Notes”), pursuant to which the Noteholders have agreed to exchange approximately $106 million in aggregate principal amount of the outstanding 2025 Notes for shares of DigitalBridge’s class A common stock, par value $0.01 per share (“Common Stock”), similar to the previous privately negotiated exchange which closed in October 2021.


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Under the terms of the Early Exchange Agreement, the original exchange ratio of 434.7826 shares per $1,000 of value has been adjusted to account for savings on future interest payments otherwise due to the Noteholders. For example, using the closing price of DigitalBridge Common Stock on November 15, 2021 of $8.17 (assuming a consistent price across the adjustment period described below), the exchange ratio would be 452.1261 shares per $1,000 of value, with the incremental 17 shares representing value for the incremental interest otherwise due to the Noteholders through 2025. In this example, the number of shares of Common Stock to be issued by DigitalBridge to the Noteholders would be approximately 48.1 million shares.

The results of the trading session contributed to over 5481631 shares changing hands. Over the past one week, the price volatility of DigitalBridge Group Inc. stands at 4.55% while the volatility over the past one month is 3.73%.

The market cap for DBRG stock reached $4.11 billion, with 485.83 million shares outstanding and 469.25 million shares in the current float. Compared to the average trading volume of 3.40M shares, DBRG reached a trading volume of 5481631 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about DigitalBridge Group Inc. [DBRG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DBRG shares is $10.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DBRG stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for DigitalBridge Group Inc. shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on October 07, 2021. While these analysts kept the previous recommendation, Raymond James raised their target price to Outperform. The new note on the price target was released on August 10, 2021, representing the official price target for DigitalBridge Group Inc. stock.

The Average True Range (ATR) for DigitalBridge Group Inc. is set at 0.29, with the Price to Sales ratio for DBRG stock in the period of the last 12 months amounting to 3.92. The Price to Book ratio for the last quarter was 3.39, with the Price to Cash per share for the same quarter was set at 2.48. Price to Free Cash Flow for DBRG in the course of the last twelve months was 22.65.

How has DBRG stock performed recently?

DigitalBridge Group Inc. [DBRG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.63. With this latest performance, DBRG shares gained by 19.52% in over the last four-week period, additionally plugging by 17.23% over the last 6 months – not to mention a rise of 87.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DBRG stock in for the last two-week period is set at 64.66, with the RSI for the last a single of trading hit 65.50, and the three-weeks RSI is set at 63.20 for DigitalBridge Group Inc. [DBRG]. The present Moving Average for the last 50 days of trading for this stock 6.84, while it was recorded at 7.69 for the last single week of trading, and 6.86 for the last 200 days.

DigitalBridge Group Inc. [DBRG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and DigitalBridge Group Inc. [DBRG] shares currently have an operating margin of -40.07 and a Gross Margin at -5.45. DigitalBridge Group Inc.’s Net Margin is presently recorded at -109.24.

Return on Total Capital for DBRG is now -2.92, given the latest momentum, and Return on Invested Capital for the company is -11.10. Return on Equity for this stock declined to -35.01, with Return on Assets sitting at -6.75. When it comes to the capital structure of this company, DigitalBridge Group Inc. [DBRG] has a Total Debt to Total Equity ratio set at 337.24. Additionally, DBRG Total Debt to Total Capital is recorded at 77.13, with Total Debt to Total Assets ending up at 41.76. Long-Term Debt to Equity for the company is recorded at 514.69, with the Long-Term Debt to Total Capital now at 70.68.

Reflecting on the efficiency of the workforce at the company, DigitalBridge Group Inc. [DBRG] managed to generate an average of -$3,859,531 per employee. Receivables Turnover for the company is 5.16 with a Total Asset Turnover recorded at a value of 0.06.

Earnings analysis for DigitalBridge Group Inc. [DBRG]

With the latest financial reports released by the company, DigitalBridge Group Inc. posted -0.3/share EPS, while the average EPS was predicted by analysts to be reported at -0.44/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 31.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DBRG.

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Insider trade positions for DigitalBridge Group Inc. [DBRG]

There are presently around $3,484 million, or 86.50% of DBRG stock, in the hands of institutional investors. The top three institutional holders of DBRG stocks are: VANGUARD GROUP INC with ownership of 70,610,879, which is approximately 0.56% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 45,967,430 shares of the stock with an approximate value of $365.9 million in DBRG stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $191.43 million in DBRG stock with ownership of nearly 0% of the company’s market capitalization.

Positions in DigitalBridge Group Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 144 institutional holders increased their position in DigitalBridge Group Inc. [NYSE:DBRG] by around 42,608,378 shares. Additionally, 115 investors decreased positions by around 32,276,157 shares, while 77 investors held positions by with 362,769,698 shares. The mentioned changes placed institutional holdings at 437,654,233 shares, according to the latest SEC report filing. DBRG stock had 40 new institutional investments in for a total of 8,687,747 shares, while 31 institutional investors sold positions of 3,884,725 shares during the same period.

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