Emerald Acquisition Ltd. bought a new position in Dominion Diamond Corp. (NYSE:DDC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 95,000 shares of the company’s stock, valued at approximately $839,000. Emerald Acquisition Ltd. owned 0.11% of Dominion Diamond Corp. as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in DDC. Bank of Montreal Can bought a new stake in shares of Dominion Diamond Corp. during the second quarter valued at $1,841,000. CWM LLC increased its stake in shares of Dominion Diamond Corp. by 3.9% in the second quarter. CWM LLC now owns 80,822 shares of the company’s stock valued at $714,000 after buying an additional 3,046 shares during the last quarter. Palo Capital Inc. increased its stake in shares of Dominion Diamond Corp. by 117.3% in the second quarter. Palo Capital Inc. now owns 35,654 shares of the company’s stock valued at $316,000 after buying an additional 19,247 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Dominion Diamond Corp. by 230.2% in the first quarter. Royal Bank of Canada now owns 3,506,753 shares of the company’s stock valued at $38,890,000 after buying an additional 2,444,671 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Dominion Diamond Corp. during the first quarter valued at $131,000. Institutional investors own 38.22% of the company’s stock.
Shares of Dominion Diamond Corp. (NYSE:DDC) traded up 0.69% during midday trading on Thursday, reaching $8.77. The company had a trading volume of 103,268 shares. The firm’s 50 day moving average price is $8.85 and its 200-day moving average price is $9.83. Dominion Diamond Corp. has a 1-year low of $7.27 and a 1-year high of $12.65. The stock’s market capitalization is $744.09 million.
Dominion Diamond Corp. (NYSE:DDC) last posted its quarterly earnings data on Thursday, September 8th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.33. The company earned $160 million during the quarter, compared to the consensus estimate of $196.50 million. Dominion Diamond Corp. had a negative net margin of 9.79% and a negative return on equity of 1.08%. Dominion Diamond Corp.’s revenue for the quarter was down 23.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.21) earnings per share. Equities research analysts expect that Dominion Diamond Corp. will post $0.27 EPS for the current fiscal year.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, November 3rd. Stockholders of record on Tuesday, October 11th will be paid a $0.20 dividend. This represents a dividend yield of 4.77%. The ex-dividend date is Thursday, October 6th. Dominion Diamond Corp.’s payout ratio is -52.63%.
Several equities analysts have recently issued reports on the company. RBC Capital Markets reissued a “sector perform” rating on shares of Dominion Diamond Corp. in a research note on Friday, September 30th. Zacks Investment Research cut Dominion Diamond Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 23rd. Barclays PLC raised Dominion Diamond Corp. from an “equal weight” rating to an “overweight” rating and set a $11.40 target price on the stock in a research note on Wednesday, September 21st. TheStreet cut Dominion Diamond Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $18.00 target price (down from $22.00) on shares of Dominion Diamond Corp. in a research note on Wednesday, August 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.13.
About Dominion Diamond Corp.
Dominion Diamond Corporation is a diamond mining company. The Company is focused on the mining and marketing of rough diamonds to the global market. The Company’s segments include the Ekati Diamond Mine, the Diavik Diamond Mine and the Corporate segment. It supplies rough diamonds to the global market from its operation of the Ekati Diamond Mine (in which it owns a controlling interest) and its approximately 40% ownership interest in the Diavik Diamond Mine.
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