GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) by 60.5% during the second quarter, Holdings Channel reports. The fund owned 463,242 shares of the basic materials company’s stock after buying an additional 174,584 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Dominion Diamond Corporation were worth $5,818,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DDC. Legal & General Group Plc increased its stake in shares of Dominion Diamond Corporation by 7.2% in the second quarter. Legal & General Group Plc now owns 8,874 shares of the basic materials company’s stock worth $112,000 after buying an additional 594 shares during the last quarter. Aperio Group LLC increased its stake in shares of Dominion Diamond Corporation by 6.6% in the second quarter. Aperio Group LLC now owns 20,581 shares of the basic materials company’s stock worth $258,000 after buying an additional 1,268 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Dominion Diamond Corporation by 11.1% in the first quarter. HighTower Advisors LLC now owns 30,000 shares of the basic materials company’s stock worth $379,000 after buying an additional 3,000 shares during the last quarter. CWM LLC increased its stake in shares of Dominion Diamond Corporation by 3.3% in the second quarter. CWM LLC now owns 106,861 shares of the basic materials company’s stock worth $1,342,000 after buying an additional 3,374 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Dominion Diamond Corporation by 0.6% in the first quarter. Frontier Capital Management Co. LLC now owns 657,806 shares of the basic materials company’s stock worth $8,308,000 after buying an additional 3,862 shares during the last quarter. 57.91% of the stock is owned by institutional investors and hedge funds.

Dominion Diamond Corporation (NYSE:DDC) traded up 0.28% on Wednesday, hitting $14.09. 47,212 shares of the stock were exchanged. Dominion Diamond Corporation has a 12 month low of $7.92 and a 12 month high of $14.16. The company has a 50-day moving average of $13.57 and a 200-day moving average of $12.11. The stock’s market cap is $1.14 billion.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last released its quarterly earnings data on Monday, June 12th. The basic materials company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. Dominion Diamond Corporation had a negative net margin of 1.07% and a positive return on equity of 1.46%. The firm had revenue of $211 million during the quarter. During the same period in the previous year, the firm earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities analysts predict that Dominion Diamond Corporation will post $0.93 EPS for the current year.

Dominion Diamond Corporation declared that its board has authorized a stock repurchase plan on Monday, July 17th that authorizes the company to buyback shares. This buyback authorization authorizes the basic materials company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

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A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Dominion Diamond Corporation in a research report on Wednesday, June 21st. Citigroup Inc. downgraded shares of Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $14.40 to $14.25 in a research report on Wednesday, July 19th. BMO Capital Markets downgraded shares of Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 18th. BidaskClub raised shares of Dominion Diamond Corporation from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Gabelli downgraded shares of Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.07.

About Dominion Diamond Corporation

Dominion Diamond Corp 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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Institutional Ownership by Quarter for Dominion Diamond Corporation (NYSE:DDC)

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