Jane Street Group LLC Grows Stake in DRDGOLD Limited (NYSE:DRD)

Jane Street Group LLC raised its position in DRDGOLD Limited (NYSE:DRD - Free Report) by 29.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,101 shares of the basic materials company's stock after acquiring an additional 25,522 shares during the quarter. Jane Street Group LLC owned approximately 0.13% of DRDGOLD worth $959,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Aquatic Capital Management LLC purchased a new stake in shares of DRDGOLD during the 4th quarter valued at about $25,000. QRG Capital Management Inc. bought a new stake in DRDGOLD during the fourth quarter valued at approximately $98,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in DRDGOLD during the fourth quarter valued at approximately $176,000. Heritage Trust Co purchased a new stake in DRDGOLD during the fourth quarter valued at approximately $186,000. Finally, OLD Mission Capital LLC bought a new position in DRDGOLD in the fourth quarter worth approximately $403,000. 14.70% of the stock is owned by hedge funds and other institutional investors.

DRDGOLD Stock Up 1.9%

NYSE:DRD traded up $0.29 during trading hours on Wednesday, hitting $15.22. 217,704 shares of the stock traded hands, compared to its average volume of 341,463. DRDGOLD Limited has a 1 year low of $7.64 and a 1 year high of $17.60. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 12.08 and a beta of 0.40. The stock has a 50 day moving average price of $14.95 and a 200 day moving average price of $11.95.

DRDGOLD Announces Dividend

The company also recently announced an annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a $0.1628 dividend. This represents a yield of 1.8%. The ex-dividend date of this dividend was Friday, March 14th. DRDGOLD's dividend payout ratio is currently 19.05%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DRD. Wall Street Zen raised shares of DRDGOLD from a "buy" rating to a "strong-buy" rating in a research report on Saturday. HC Wainwright cut their price target on DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a report on Wednesday, February 19th.

About DRDGOLD

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.