Numerai GP LLC Has $1.14 Million Stock Position in Dingdong (Cayman) Limited (NYSE:DDL)

Numerai GP LLC increased its holdings in Dingdong (Cayman) Limited (NYSE:DDL - Free Report) by 678.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 347,031 shares of the company's stock after purchasing an additional 302,444 shares during the quarter. Numerai GP LLC owned approximately 0.15% of Dingdong (Cayman) worth $1,138,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Inspire Investing LLC bought a new stake in Dingdong (Cayman) during the fourth quarter valued at $674,000. Allspring Global Investments Holdings LLC bought a new stake in Dingdong (Cayman) during the fourth quarter valued at $1,197,000. New York State Common Retirement Fund boosted its position in Dingdong (Cayman) by 36.8% during the fourth quarter. New York State Common Retirement Fund now owns 88,389 shares of the company's stock valued at $290,000 after acquiring an additional 23,774 shares during the last quarter. Cornerstone Investment Partners LLC bought a new stake in Dingdong (Cayman) during the fourth quarter valued at $160,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Dingdong (Cayman) by 195.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,020,816 shares of the company's stock valued at $6,628,000 after acquiring an additional 1,336,471 shares during the last quarter. Institutional investors own 24.66% of the company's stock.

Dingdong (Cayman) Stock Down 2.7%

DDL traded down $0.07 during trading on Friday, reaching $2.32. 1,536,696 shares of the stock traded hands, compared to its average volume of 854,957. The stock has a market capitalization of $546.87 million, a PE ratio of 25.72 and a beta of 0.56. The stock's 50-day moving average is $2.54 and its 200 day moving average is $3.30. Dingdong has a 12 month low of $1.62 and a 12 month high of $4.79.

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

Dingdong (Cayman) declared that its Board of Directors has authorized a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are 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.