What Makes DigitalBridge Group (DBRG) a Good Investment Bet?

Investment management company Ave Maria recently released its “Ave Maria Focused Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. At the end of the fourth quarter, the fund returned 12.39% compared to an 8.74% return for the S&P MidCap 400 Growth Index and a 7.56% return for the S&P 500 Index. For the full year, the fund returned -34.98% compared to -18.96% and -18.11% returns respectively for the indexes. You can check the top 5 holdings of the fund to know its best picks in 2022.

Ave Maria Focused Fund highlighted stocks like DigitalBridge Group, Inc. (NYSE:DBRG) in the fourth quarter 2022 investor letter. Headquartered in Boca Raton, Florida, DigitalBridge Group, Inc. (NYSE:DBRG) is an infrastructure investment firm. On April 3, 2023, DigitalBridge Group, Inc. (NYSE:DBRG) stock closed at $11.75 per share. One-month return of DigitalBridge Group, Inc. (NYSE:DBRG) was -2.89%, and its shares lost 59.20% of their value over the last 52 weeks. DigitalBridge Group, Inc. (NYSE:DBRG) has a market capitalization of $1.919 billion.

Ave Maria Focused Fund made the following comment about DigitalBridge Group, Inc. (NYSE:DBRG) in its Q4 2022 investor letter:

“DigitalBridge Group, Inc. (NYSE:DBRG): DigitalBridge is transforming its business from a REIT that invests from its own balance sheet into a manager of alternative asset funds. Most of the heavy lifting with the transformation is complete. However, due to its on-balance sheet investments, DigitalBridge’s GAAP financials do not look like the financials of its asset manager peer group. Over the next few quarters, as DigitalBridge continues to sell its balance sheet investments, the GAAP financials will be simplified.”

Photo by David Martin on Unsplash

DigitalBridge Group, Inc. (NYSE:DBRG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held DigitalBridge Group, Inc. (NYSE:DBRG) at the end of the fourth quarter which was 22 in the previous quarter.

We discussed DigitalBridge Group, Inc. (NYSE:DBRG) in another article and shared Meridian Contrarian Fund’s views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

• 14 Cheap Quarterly Dividend Stocks to Buy
• 11 Best Dow Jones Dividend Stocks According to Hedge Funds
• 15 Cheap Beginner Stocks to Buy

Disclosure: None. This article is originally published at Insider Monkey.