IndexIQ Advisors LLC Buys 18,622 Shares of DigitalGlobe, Inc (DGI)
IndexIQ Advisors LLC increased its stake in shares of DigitalGlobe, Inc (NYSE:DGI) by 52.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,322 shares of the technology company’s stock after buying an additional 18,622 shares during the period. IndexIQ Advisors LLC owned approximately 0.09% of DigitalGlobe worth $1,809,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Eqis Capital Management Inc. raised its position 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. Bbva Compass Bancshares Inc. raised its position in DigitalGlobe by 2.0% in the first quarter. Bbva Compass Bancshares Inc. now owns 21,334 shares of the technology company’s stock valued at $698,000 after buying an additional 416 shares during the period. Suntrust Banks Inc. raised its position in DigitalGlobe by 2.9% in the first quarter. Suntrust Banks Inc. now owns 16,903 shares of the technology company’s stock valued at $553,000 after buying an additional 475 shares during the period. UBS Asset Management Americas Inc. raised its position in 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. Finally, Gamco Investors INC. ET AL raised its position in DigitalGlobe by 27.0% in the first quarter. Gamco Investors INC. ET AL now owns 49,263 shares of the technology company’s stock valued at $1,613,000 after buying an additional 10,486 shares during the period. 96.26% of the stock is owned by institutional investors.
Shares of DigitalGlobe, Inc (NYSE:DGI) opened at 34.35 on Thursday. The firm has a market capitalization of $2.14 billion, a P/E ratio of 1010.29 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 price of $33.91 and a 200-day moving average price of $32.49.
DigitalGlobe (NYSE:DGI) last announced its quarterly earnings results on Thursday, July 20th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. DigitalGlobe had a net margin of 0.64% and a return on equity of 2.40%. The firm had revenue of $225.70 million during the quarter, compared to analysts’ expectations of $209.13 million. During the same period in the prior year, the company posted $0.17 EPS. The company’s revenue was up 28.6% on a year-over-year basis. On average, equities research analysts anticipate that DigitalGlobe, Inc will post ($0.08) EPS for the current year.
A number of equities analysts recently issued reports on the company. BidaskClub raised DigitalGlobe from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Piper Jaffray Companies lowered DigitalGlobe from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $37.00 to $34.00 in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.75.
In other news, insider Jose Torres sold 3,858 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $31.75, for a total transaction of $122,491.50. Following the completion of the sale, the insider now directly owns 39,594 shares in the company, valued at $1,257,109.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Walter S. Scott sold 16,200 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $31.62, for a total transaction of $512,244.00. Following the sale, the executive vice president now owns 109,037 shares of the company’s stock, valued at $3,447,749.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,570 shares of company stock valued at $1,666,341. Corporate 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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