Creekmur Asset Management LLC Sells 16,464 Shares of DRDGOLD Limited (NYSE:DRD)

Creekmur Asset Management LLC lessened its holdings in DRDGOLD Limited (NYSE:DRD) by 60.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,684 shares of the basic materials company’s stock after selling 16,464 shares during the quarter. Creekmur Asset Management LLC’s holdings in DRDGOLD were worth $88,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in DRDGOLD by 317,900.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 3,179 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in DRDGOLD in the first quarter valued at $131,000. Dynamic Technology Lab Private Ltd lifted its stake in shares of DRDGOLD by 141.7% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 35,280 shares of the basic materials company’s stock worth $280,000 after acquiring an additional 20,686 shares during the period. Jump Financial LLC grew its holdings in DRDGOLD by 102.1% during the 4th quarter. Jump Financial LLC now owns 60,247 shares of the basic materials company’s stock worth $479,000 after acquiring an additional 30,438 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in DRDGOLD in the 4th quarter valued at about $507,000. Institutional investors and hedge funds own 14.70% of the company’s stock.

DRDGOLD Stock Down 2.0 %

Shares of DRD traded down $0.20 during mid-day trading on Thursday, hitting $9.92. 201,928 shares of the company traded hands, compared to its average volume of 307,678. The stock has a 50-day moving average price of $8.97 and a two-hundred day moving average price of $8.29. DRDGOLD Limited has a 1 year low of $6.48 and a 1 year high of $10.82.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DRD shares. HC Wainwright boosted their target price on DRDGOLD from $13.25 to $15.50 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. StockNews.com cut shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th.

DRDGOLD Profile

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.