Los Angeles Capital Management LLC Makes New Investment in Dakota Gold Corp. $DC

Los Angeles Capital Management LLC purchased a new stake in Dakota Gold Corp. (NYSE:DC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,020 shares of the company’s stock, valued at approximately $59,000.

Other hedge funds also recently modified their holdings of the company. Rhumbline Advisers increased its holdings in Dakota Gold by 3.1% in the 1st quarter. Rhumbline Advisers now owns 117,416 shares of the company’s stock worth $311,000 after purchasing an additional 3,543 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Dakota Gold by 109.8% during the second quarter. Nisa Investment Advisors LLC now owns 7,070 shares of the company’s stock worth $26,000 after purchasing an additional 3,700 shares during the last quarter. Ethic Inc. grew its holdings in shares of Dakota Gold by 11.5% during the second quarter. Ethic Inc. now owns 59,871 shares of the company’s stock worth $226,000 after purchasing an additional 6,177 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Dakota Gold by 14.9% in the first quarter. Jane Street Group LLC now owns 58,867 shares of the company’s stock valued at $156,000 after buying an additional 7,626 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Dakota Gold by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 210,091 shares of the company’s stock valued at $557,000 after buying an additional 8,249 shares during the last quarter. Institutional investors and hedge funds own 37.41% of the company’s stock.

Insider Activity at Dakota Gold

In related news, Director Stephen T. O’rourke sold 50,000 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $4.66, for a total value of $233,000.00. Following the sale, the director owned 918,199 shares of the company’s stock, valued at $4,278,807.34. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 17.40% of the company’s stock.

Dakota Gold Price Performance

NYSE:DC opened at $4.05 on Wednesday. Dakota Gold Corp. has a one year low of $2.05 and a one year high of $5.51. The company has a market cap of $454.99 million, a PE ratio of -9.88 and a beta of 1.13. The firm’s 50 day simple moving average is $4.49 and its 200 day simple moving average is $4.01.

Dakota Gold Company Profile

Dakota Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold deposits. The company holds 100% interest in the Blind Gold, City Creek, Tinton, West Corridor, Ragged Top, Poorman Anticline, Maitland, South Lead/ Whistler Gulch, the Barrick Option, Richmond Hill and Homestake Paleoplacer Properties located in Homestake Mining District, South Dakota.