GABELLI & Co INVESTMENT ADVISERS INC. Has $4.22 Million Position in DigitalGlobe, Inc (DGI)
GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in shares of DigitalGlobe, Inc (NYSE:DGI) by 22.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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. owned 0.20% of DigitalGlobe worth $4,221,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of DigitalGlobe by 441.5% in the first quarter. Bank of America Corp DE now owns 323,294 shares of the technology company’s stock valued at $10,588,000 after buying an additional 263,589 shares during the last quarter. BlackRock Inc. boosted its stake in shares of DigitalGlobe by 13,624.9% in the first quarter. BlackRock Inc. now owns 5,158,901 shares of the technology company’s stock valued at $168,955,000 after buying an additional 5,121,313 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of DigitalGlobe during the first quarter valued at $4,235,000. Harvest Management LLC acquired a new stake in shares of DigitalGlobe during the first quarter valued at $328,000. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of DigitalGlobe by 54.4% in the first quarter. UBS Asset Management Americas Inc. now owns 36,084 shares of the technology company’s stock valued at $1,182,000 after buying an additional 12,715 shares during the period. 97.27% of the stock is owned by institutional investors.
Shares of DigitalGlobe, Inc (DGI) opened at 34.25 on Thursday. The firm has a market cap of $2.13 billion, a PE ratio of 1007.35 and a beta of 1.02. DigitalGlobe, Inc has a 52 week low of $23.95 and a 52 week high of $35.95. The firm has a 50-day moving average of $33.82 and a 200 day moving average of $32.25.
DigitalGlobe (NYSE:DGI) last posted its quarterly earnings results on Thursday, July 20th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.07. The firm had revenue of $225.70 million for the quarter, compared to the consensus estimate of $209.13 million. DigitalGlobe had a net margin of 0.64% and a return on equity of 2.40%. The business’s revenue was up 28.6% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. Equities research analysts predict that DigitalGlobe, Inc will post ($0.08) EPS for the current fiscal year.
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DGI has been the subject of several analyst reports. BidaskClub upgraded shares of DigitalGlobe from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Piper Jaffray Companies cut shares of DigitalGlobe from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $37.00 to $34.00 in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $33.75.
In other news, Director Warren Jenson sold 32,512 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $31.73, for a total value of $1,031,605.76. Following the transaction, the director now owns 41,236 shares in the company, valued at $1,308,418.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jose Torres sold 3,858 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $31.75, for a total transaction of $122,491.50. Following the completion of the transaction, the insider now owns 39,594 shares in the company, valued at approximately $1,257,109.50. The disclosure for this sale can be found here. Insiders have sold 52,570 shares of company stock worth $1,666,341 over the last three months. Insiders own 1.90% of the company’s stock.
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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