GSA Capital Partners LLP Acquires Shares of 83,348 Diamond Offshore Drilling Inc (DO)

GSA Capital Partners LLP bought a new position in shares of Diamond Offshore Drilling Inc (NYSE:DO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 83,348 shares of the offshore drilling services provider’s stock, valued at approximately $1,209,000. GSA Capital Partners LLP owned approximately 0.06% of Diamond Offshore Drilling as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DO. Hikari Power Ltd grew its position in Diamond Offshore Drilling by 416.6% in the second quarter. Hikari Power Ltd now owns 567,700 shares of the offshore drilling services provider’s stock valued at $6,148,000 after acquiring an additional 457,800 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Diamond Offshore Drilling by 522.1% in the second quarter. BNP Paribas Arbitrage SA now owns 119,776 shares of the offshore drilling services provider’s stock valued at $1,297,000 after acquiring an additional 100,521 shares in the last quarter. First Trust Advisors LP grew its position in Diamond Offshore Drilling by 20.7% in the second quarter. First Trust Advisors LP now owns 239,230 shares of the offshore drilling services provider’s stock valued at $2,591,000 after acquiring an additional 40,955 shares in the last quarter. Contrarius Investment Management Ltd grew its position in Diamond Offshore Drilling by 13.7% in the third quarter. Contrarius Investment Management Ltd now owns 7,512,035 shares of the offshore drilling services provider’s stock valued at $108,925,000 after acquiring an additional 905,595 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its position in Diamond Offshore Drilling by 6.0% in the third quarter. Commonwealth Bank of Australia now owns 185,541 shares of the offshore drilling services provider’s stock valued at $2,687,000 after acquiring an additional 10,500 shares in the last quarter.

In related news, Director Charles Fabrikant sold 1,500 shares of Diamond Offshore Drilling stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $18.55, for a total transaction of $27,825.00. Following the sale, the director now directly owns 1,000 shares in the company, valued at $18,550. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Diamond Offshore Drilling Inc (NYSE:DO) traded up $0.17 during mid-day trading on Friday, reaching $20.13. The company’s stock had a trading volume of 1,202,254 shares, compared to its average volume of 1,276,353. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.58 and a quick ratio of 3.58. The company has a market capitalization of $2,739.07, a PE ratio of 16.50 and a beta of 1.29. Diamond Offshore Drilling Inc has a 12 month low of $10.06 and a 12 month high of $20.41.

Diamond Offshore Drilling (NYSE:DO) last posted its earnings results on Monday, October 30th. The offshore drilling services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $366.02 million for the quarter, compared to analysts’ expectations of $365.38 million. Diamond Offshore Drilling had a return on equity of 6.23% and a net margin of 10.86%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. analysts predict that Diamond Offshore Drilling Inc will post 0.89 EPS for the current fiscal year.

Several analysts have issued reports on the stock. Jefferies Group reaffirmed a “neutral” rating on shares of Diamond Offshore Drilling in a research report on Tuesday, October 31st. Cowen set a $18.00 price objective on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a research report on Thursday. Piper Jaffray Companies reissued a “hold” rating and set a $9.33 price target on shares of Diamond Offshore Drilling in a research report on Tuesday, September 19th. started coverage on shares of Diamond Offshore Drilling in a research report on Thursday, October 19th. They set a “hold” rating and a $15.80 price target for the company. Finally, Deutsche Bank started coverage on shares of Diamond Offshore Drilling in a research report on Tuesday, October 10th. They set a “hold” rating and a $15.00 price target for the company. Ten analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.01.

COPYRIGHT VIOLATION NOTICE: “GSA Capital Partners LLP Acquires Shares of 83,348 Diamond Offshore Drilling Inc (DO)” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/01/13/83348-shares-in-diamond-offshore-drilling-inc-do-purchased-by-gsa-capital-partners-llp.html.

Diamond Offshore Drilling Company Profile

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water.

Institutional Ownership by Quarter for Diamond Offshore Drilling (NYSE:DO)

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

Leave a Reply