DigitalGlobe, Inc (DGI) Stake Increased by GABELLI & Co INVESTMENT ADVISERS INC.
GABELLI & Co INVESTMENT ADVISERS INC. boosted its stake in DigitalGlobe, Inc (NYSE:DGI) by 22.9% during the second quarter, Holdings Channel reports. The institutional investor owned 126,754 shares of the technology company’s stock after buying an additional 23,604 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in DigitalGlobe were worth $4,221,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in DigitalGlobe during the first quarter valued at $179,000. Karp Capital Management Corp bought a new stake in DigitalGlobe during the first quarter valued at $293,000. Eqis Capital Management Inc. boosted its stake in DigitalGlobe by 20.1% in the first quarter. Eqis Capital Management Inc. now owns 9,834 shares of the technology company’s stock valued at $322,000 after buying an additional 1,647 shares during the period. Harvest Management LLC bought a new stake in DigitalGlobe during the first quarter valued at $328,000. Finally, KCG Holdings Inc. boosted its stake in DigitalGlobe by 34.8% in the first quarter. KCG Holdings Inc. now owns 11,285 shares of the technology company’s stock valued at $370,000 after buying an additional 2,913 shares during the period. Hedge funds and other institutional investors own 97.27% of the company’s stock.
Shares of DigitalGlobe, Inc (NYSE:DGI) opened at 34.25 on Thursday. DigitalGlobe, Inc has a one year low of $23.95 and a one year high of $35.95. The company has a market cap of $2.13 billion, a PE ratio of 1007.35 and a beta of 1.02. The stock’s 50 day moving average is $33.82 and its 200-day moving average is $32.25.
DigitalGlobe (NYSE:DGI) last issued its quarterly earnings results on Thursday, July 20th. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.07. The business had revenue of $225.70 million during the quarter, compared to the consensus estimate of $209.13 million. DigitalGlobe had a return on equity of 2.40% and a net margin of 0.64%. The company’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. Equities research analysts expect that DigitalGlobe, Inc will post ($0.08) earnings per share for the current year.
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Several analysts recently weighed in on DGI shares. BidaskClub upgraded shares of DigitalGlobe from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Piper Jaffray Companies cut shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and cut their price target for the company from $37.00 to $34.00 in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $33.75.
In other DigitalGlobe news, Director Warren Jenson sold 32,512 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $31.73, for a total value of $1,031,605.76. Following the completion of the sale, the director now owns 41,236 shares of the company’s stock, valued at $1,308,418.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jose Torres sold 3,858 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $31.75, for a total value of $122,491.50. Following the completion of the sale, the insider now directly owns 39,594 shares of the company’s stock, valued at approximately $1,257,109.50. The disclosure for this sale can be found here. In the last three months, insiders sold 52,570 shares of company stock valued at $1,666,341. Corporate insiders own 1.90% of the company’s stock.
DigitalGlobe Company Profile
DigitalGlobe, Inc is a provider of Earth imagery, data and analysis. The Company’s imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, oil and gas exploration and infrastructure management. The Company’s imagery solutions and other services are sourced from its own satellite constellation and third-party providers.
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