SG Americas Securities LLC Has $114,000 Stock Holdings in DRDGOLD Limited (NYSE:DRD)

SG Americas Securities LLC lessened its stake in shares of DRDGOLD Limited (NYSE:DRD) by 39.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,277 shares of the basic materials company’s stock after selling 9,474 shares during the quarter. SG Americas Securities LLC’s holdings in DRDGOLD were worth $114,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of DRDGOLD during the 1st quarter worth about $36,000. Systematic Alpha Investments LLC acquired a new stake in DRDGOLD in the 3rd quarter worth about $53,000. Tower Research Capital LLC TRC raised its stake in DRDGOLD by 3,530.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,240 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 8,013 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in DRDGOLD in the 1st quarter worth about $100,000. Finally, Advisor Group Holdings Inc. raised its stake in DRDGOLD by 53.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 14,916 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 5,215 shares in the last quarter. Institutional investors and hedge funds own 14.70% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of DRDGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday.

DRDGOLD Trading Down 0.4 %

Shares of DRDGOLD stock opened at $8.48 on Friday. DRDGOLD Limited has a twelve month low of $6.48 and a twelve month high of $13.85. The company has a 50-day simple moving average of $7.82 and a two-hundred day simple moving average of $8.13.

DRDGOLD Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, March 8th were given a $0.1058 dividend. This represents a dividend yield of 5%. The ex-dividend date was Thursday, March 7th.

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.