Royal Bank of Canada increased its position in shares of Dominion Diamond Corp. (NYSE:DDC) (TSE:DDC) by 14.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,012,273 shares of the company’s stock after buying an additional 505,520 shares during the period. Royal Bank of Canada owned 4.70% of Dominion Diamond Corp. worth $35,469,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Paloma Partners Management Co bought a new position in shares of Dominion Diamond Corp. during the second quarter worth about $109,000. Sterling Capital Management LLC bought a new position in shares of Dominion Diamond Corp. during the second quarter worth about $118,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Dominion Diamond Corp. during the first quarter worth about $131,000. Timber Hill LLC bought a new position in shares of Dominion Diamond Corp. during the second quarter worth about $138,000. Finally, Legal & General Group Plc increased its position in shares of Dominion Diamond Corp. by 103.5% in the second quarter. Legal & General Group Plc now owns 16,848 shares of the company’s stock worth $148,000 after buying an additional 8,568 shares in the last quarter. Institutional investors and hedge funds own 39.98% of the company’s stock.

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

Dominion Diamond Corp. (NYSE:DDC) traded down 0.57% during midday trading on Friday, hitting $8.70. 312,722 shares of the company’s stock traded hands. The company’s market capitalization is $738.15 million. The company has a 50 day moving average of $8.90 and a 200-day moving average of $9.41. Dominion Diamond Corp. has a 52 week low of $7.27 and a 52 week high of $12.65.

Dominion Diamond Corp. (NYSE:DDC) last announced its quarterly earnings results 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. Dominion Diamond Corp. had a negative net margin of 9.79% and a negative return on equity of 1.08%. The firm had revenue of $160 million for the quarter, compared to analyst estimates of $196.50 million. During the same period last year, the firm posted ($0.21) EPS. The business’s revenue was down 23.7% compared to the same quarter last year. Equities research analysts predict that Dominion Diamond Corp. will post $0.39 earnings per share for the current year.

The company also recently declared a semiannual dividend, which was paid on Thursday, November 3rd. Stockholders of record on Tuesday, October 11th were issued a dividend of $0.20 per share. This represents a dividend yield of 4.77%. The ex-dividend date of this dividend was Thursday, October 6th. Dominion Diamond Corp.’s dividend payout ratio (DPR) is -52.63%.

Several research firms have weighed in on DDC. BMO Capital Markets set a $18.00 target price on shares of Dominion Diamond Corp. and gave the company a “buy” rating in a report on Saturday. RBC Capital Markets restated a “sector perform” rating on shares of Dominion Diamond Corp. in a report on Saturday, October 22nd. Barclays PLC upgraded shares of Dominion Diamond Corp. from an “equal weight” rating to an “overweight” rating and set a $11.40 target price for the company in a report on Wednesday, September 21st. Scotiabank restated an “outperform” rating and set a $14.00 target price on shares of Dominion Diamond Corp. in a report on Sunday, October 23rd. Finally, TheStreet downgraded shares of Dominion Diamond Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.60.

Dominion Diamond Corp. Company Profile

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.

5 Day Chart for NYSE:DDC

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