Dean Capital Management adds Darling Ingredients Inc (DAR) to its portfolio

Darling Ingredients Inc (DAR) : Dean Capital Management added new position in Darling Ingredients Inc during the most recent quarter end. The investment management firm now holds 127,574 shares of Darling Ingredients Inc which is valued at $1.8 Million , the company said in a statement filed on May 12, 2016 with the SEC.Darling Ingredients Inc makes up approximately 2.61% of Dean Capital Management’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board boosted its stake in DAR in the latest quarter, The investment management firm added 39,600 additional shares and now holds a total of 86,400 shares of Darling Ingredients Inc which is valued at $1.2 Million. Darling Ingredients Inc makes up approx 0.01% of Canada Pension Plan Investment Board’s portfolio.Shufro Rose Co reduced its stake in DAR by selling 18,541 shares or 10.52% in the most recent quarter. The Hedge Fund company now holds 157,734 shares of DAR which is valued at $2.3 Million. Darling Ingredients Inc makes up approx 0.25% of Shufro Rose Co’s portfolio.Spot Trading L.l.c reduced its stake in DAR by selling 19,493 shares or 11.59% in the most recent quarter. The Hedge Fund company now holds 148,670 shares of DAR which is valued at $2.1 Million. Darling Ingredients Inc makes up approx 0.28% of Spot Trading L.l.c’s portfolio. Secor Capital Advisors Lp added DAR to its portfolio by purchasing 18,259 company shares during the most recent quarter which is valued at $260,739. Darling Ingredients Inc makes up approx 0.05% of Secor Capital Advisors Lp’s portfolio. Parametrica Management Ltd sold out all of its stake in DAR during the most recent quarter. The investment firm sold 26,415 shares of DAR which is valued $375,357.

Darling Ingredients Inc opened for trading at $14.83 and hit $15.04 on the upside on Friday, eventually ending the session at $14.91, with a gain of 1.29% or 0.19 points. The heightened volatility saw the trading volume jump to 14,40,192 shares. Company has a market cap of $2,454 M.

On the company’s financial health, Darling Ingredients Inc reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on May 12, 2016. Analyst had a consensus of $0.11. The company had revenue of $779.64 million for the quarter, compared to analysts expectations of $809.79 million. The company’s revenue was down -10.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.09 EPS.

Darling Ingredients Inc. formerly Darling International Inc. is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food pet food pharmaceutical feed fuel bioenergy and fertilizer industries. The Company operates in three segments: Feed Ingredients which includes the edible and inedible animal by-products bakery and hides business lines; Food Ingredients which includes the gelatin casings and edible fats business lines and Fuel Ingredients which includes the biofuel and bioenergy business lines. It recycles animal by-product streams into useable and specialty ingredients such as gelatin tallow feed-grade fats meat and bone meal poultry meal yellow grease fuel feed stocks green energy natural casings and hides. The Company also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.

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