Renaissance Technologies LLC boosted its stake in shares of Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,673,198 shares of the basic materials company’s stock after purchasing an additional 21,800 shares during the quarter. Renaissance Technologies LLC owned about 3.32% of Dominion Diamond Corporation worth $33,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. K2 Principal Fund L.P. boosted its position in Dominion Diamond Corporation by 27.2% during the second quarter. K2 Principal Fund L.P. now owns 3,291,733 shares of the basic materials company’s stock valued at $41,344,000 after purchasing an additional 703,183 shares in the last quarter. PSquared Asset Management AG bought a new stake in Dominion Diamond Corporation during the second quarter valued at about $34,907,000. Vanguard Group Inc. boosted its position in Dominion Diamond Corporation by 2.8% during the second quarter. Vanguard Group Inc. now owns 1,652,716 shares of the basic materials company’s stock valued at $20,758,000 after purchasing an additional 45,091 shares in the last quarter. FMR LLC boosted its position in Dominion Diamond Corporation by 8.5% during the first quarter. FMR LLC now owns 1,320,385 shares of the basic materials company’s stock valued at $16,701,000 after purchasing an additional 103,800 shares in the last quarter. Finally, Intact Investment Management Inc. boosted its position in Dominion Diamond Corporation by 3.5% during the second quarter. Intact Investment Management Inc. now owns 818,246 shares of the basic materials company’s stock valued at $13,236,000 after purchasing an additional 28,000 shares in the last quarter. 59.36% of the stock is currently owned by institutional investors.

Shares of Dominion Diamond Corporation (DDC) opened at 14.21 on Thursday. Dominion Diamond Corporation has a 1-year low of $8.29 and a 1-year high of $14.23. The firm has a 50-day moving average price of $14.15 and a 200-day moving average price of $13.29. The stock has a market capitalization of $1.16 billion, a PE ratio of 20.48 and a beta of 0.44.

Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC) last released its quarterly earnings data on Wednesday, September 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.03). The business had revenue of $239.78 million for the quarter. Dominion Diamond Corporation had a return on equity of 3.36% and a net margin of 8.54%. On average, equities research analysts forecast that Dominion Diamond Corporation will post $1.17 earnings per share for the current year.

Dominion Diamond Corporation declared that its board has initiated a stock buyback program on Monday, July 17th that allows the company to buyback shares. This buyback authorization allows the basic materials company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://www.watchlistnews.com/renaissance-technologies-llc-buys-21800-shares-of-dominion-diamond-corporation-ddc/1609853.html.

A number of research firms have commented on DDC. BidaskClub cut Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Gabelli cut Dominion Diamond Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 price target on shares of Dominion Diamond Corporation in a research note on Wednesday, June 21st. Citigroup Inc. cut Dominion Diamond Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the company from $14.40 to $14.25 in a research note on Wednesday, July 19th. Finally, BMO Capital Markets cut Dominion Diamond Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Dominion Diamond Corporation has an average rating of “Hold” and a consensus price target of $15.75.

Dominion Diamond Corporation Profile

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.

Want to see what other hedge funds are holding DDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Diamond Corporation (NYSE:DDC) (TSE:DDC).

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

Receive News & Ratings for Dominion Diamond Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Diamond Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.