19,110 Shares in Dingdong (Cayman) Limited (NYSE:DDL) Bought by Diametric Capital LP

Diametric Capital LP acquired a new position in shares of Dingdong (Cayman) Limited (NYSE:DDL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,110 shares of the company’s stock, valued at approximately $63,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Dingdong (Cayman) in the 4th quarter valued at about $105,000. Virtu Financial LLC purchased a new position in shares of Dingdong (Cayman) in the third quarter valued at approximately $115,000. Quadrature Capital Ltd boosted its stake in shares of Dingdong (Cayman) by 87.9% in the third quarter. Quadrature Capital Ltd now owns 47,686 shares of the company’s stock worth $168,000 after acquiring an additional 22,302 shares during the last quarter. B. Metzler seel. Sohn & Co. AG acquired a new position in Dingdong (Cayman) in the 4th quarter valued at $157,000. Finally, Centiva Capital LP purchased a new position in Dingdong (Cayman) in the 3rd quarter valued at $170,000. 24.66% of the stock is owned by hedge funds and other institutional investors.

Dingdong (Cayman) Stock Up 4.5 %

Shares of DDL opened at $2.80 on Thursday. The firm’s fifty day moving average is $3.23 and its two-hundred day moving average is $3.51. The stock has a market cap of $661.44 million, a PE ratio of 31.11 and a beta of 0.44. Dingdong has a 52-week low of $1.08 and a 52-week high of $4.79.

Dingdong (Cayman) (NYSE:DDL) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $808.99 million during the quarter, compared to the consensus estimate of $798.85 million. Dingdong (Cayman) had a net margin of 0.90% and a return on equity of 40.86%. As a group, research analysts anticipate that Dingdong will post 0.07 earnings per share for the current year.

Dingdong (Cayman) declared that its board has authorized a share buyback program on Thursday, March 6th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

About Dingdong (Cayman)

Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms.