White Pine Capital LLC continued to hold its position in shares of DigitalGlobe, Inc (NYSE:DGI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,777 shares of the technology company’s stock at the end of the 2nd quarter. White Pine Capital LLC’s holdings in DigitalGlobe were worth $359,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DGI. Suntrust Banks Inc. boosted its holdings in shares of DigitalGlobe by 2.9% during the 1st quarter. Suntrust Banks Inc. now owns 16,903 shares of the technology company’s stock valued at $553,000 after acquiring an additional 475 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of DigitalGlobe by 54.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 36,084 shares of the technology company’s stock valued at $1,182,000 after acquiring an additional 12,715 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of DigitalGlobe by 27.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 49,263 shares of the technology company’s stock valued at $1,613,000 after acquiring an additional 10,486 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of DigitalGlobe by 56.8% during the 1st quarter. Gabelli Funds LLC now owns 75,241 shares of the technology company’s stock valued at $2,464,000 after acquiring an additional 27,241 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of DigitalGlobe during the 1st quarter valued at $293,000. 96.26% of the stock is currently owned by institutional investors.
In other DigitalGlobe news, Director Warren Jenson sold 32,512 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $31.73, for a total transaction of $1,031,605.76. Following the completion of the sale, the director now directly owns 41,236 shares in the company, valued at $1,308,418.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.
Shares of DigitalGlobe, Inc (NYSE DGI) traded up 0.57% on Monday, reaching $35.05. The company’s stock had a trading volume of 23,908 shares. DigitalGlobe, Inc has a 12 month low of $23.95 and a 12 month high of $35.95. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 1030.88 and a beta of 1.01. The stock has a 50 day moving average of $34.25 and a 200-day moving average of $32.78.
DigitalGlobe (NYSE:DGI) last posted its quarterly earnings results on Thursday, July 20th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $225.70 million during the quarter, compared to analyst estimates of $209.13 million. During the same period in the prior year, the business posted $0.17 earnings per share. The company’s revenue was up 28.6% on a year-over-year basis. On average, analysts anticipate that DigitalGlobe, Inc will post ($0.08) EPS for the current year.
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Several research firms recently weighed in on DGI. BidaskClub downgraded DigitalGlobe from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Piper Jaffray Companies downgraded DigitalGlobe from an “overweight” rating to a “neutral” rating and cut their price objective for the company 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 given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $33.75.
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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