The First Trust Advisors LP Acquires 30,724 Shares of Diamond Resorts International Inc (DRII)

The First Trust Advisors LP Acquires 30,724  Shares of Diamond Resorts International Inc (DRII)

First Trust Advisors LP acquired a new stake in shares of Diamond Resorts International Inc (NASDAQ:DRII) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 30,724 shares of the company’s stock, valued at approximately $920,000.

Several other institutional investors have also recently made changes to their positions in the stock. New York State Teachers Retirement System increased its position in shares of Diamond Resorts International by 28.6% in the second quarter. New York State Teachers Retirement System now owns 3,600 shares of the company’s stock valued at $108,000 after buying an additional 800 shares during the last quarter. Sphinx Trading LP purchased a new position in shares of Diamond Resorts International during the second quarter valued at about $180,000. GSA Capital Partners LLP purchased a new position in shares of Diamond Resorts International during the second quarter valued at about $312,000. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of Diamond Resorts International by 345.3% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 16,700 shares of the company’s stock valued at $500,000 after buying an additional 12,950 shares during the last quarter. Finally, Silver Capital Management LLC purchased a new position in shares of Diamond Resorts International during the second quarter valued at about $603,000.

Diamond Resorts International Inc (NASDAQ:DRII) remained flat at $30.22 during trading on Friday. The company’s 50-day moving average is $30.20 and its 200-day moving average is $26.29. Diamond Resorts International Inc has a 12-month low of $16.19 and a 12-month high of $30.27.

Several brokerages recently issued reports on DRII. Goldman Sachs Group Inc. downgraded shares of Diamond Resorts International from a “buy” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research note on Wednesday, June 29th. Zacks Investment Research downgraded shares of Diamond Resorts International from a “buy” rating to a “hold” rating in a research note on Wednesday, August 31st. MKM Partners downgraded shares of Diamond Resorts International from a “buy” rating to a “neutral” rating and increased their price target for the stock from $26.00 to $30.25 in a research note on Thursday, June 30th. Finally, SunTrust Banks Inc. downgraded shares of Diamond Resorts International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $35.00 to $30.25 in a research note on Friday, July 1st.

In other news, insider Lowell D. Kraff sold 208,276 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $30.16, for a total transaction of $6,281,604.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David F. Palmer sold 630,004 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $30.14, for a total value of $18,988,320.56. The disclosure for this sale can be found here.

Diamond Resorts International Company Profile

Diamond Resorts International, Inc (DRII) is engaged in the hospitality and vacation ownership industry. The Company operates through two segments: hospitality and management services, and Vacation Interest Sales and Financing. Its hospitality and management services segment manages a network of resort properties and provides services to a member base across the world.

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