Walleye Capital LLC Takes $588,000 Position in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI)

Walleye Capital LLC purchased a new stake in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 56,350 shares of the company's stock, valued at approximately $588,000. Walleye Capital LLC owned approximately 0.11% of DoubleDown Interactive at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DDI. Renaissance Technologies LLC increased its holdings in shares of DoubleDown Interactive by 14.8% in the fourth quarter. Renaissance Technologies LLC now owns 62,400 shares of the company's stock worth $651,000 after purchasing an additional 8,022 shares during the period. Boston Partners purchased a new position in DoubleDown Interactive during the fourth quarter worth about $354,000. Aristides Capital LLC increased its stake in DoubleDown Interactive by 26.4% in the 4th quarter. Aristides Capital LLC now owns 32,714 shares of the company's stock worth $342,000 after acquiring an additional 6,841 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of DoubleDown Interactive in the 4th quarter valued at about $153,000. Finally, Trexquant Investment LP bought a new stake in shares of DoubleDown Interactive during the 4th quarter valued at about $106,000.

DoubleDown Interactive Stock Up 0.8 %

Shares of NASDAQ DDI opened at $9.85 on Wednesday. The stock has a market capitalization of $488.10 million, a P/E ratio of 3.92 and a beta of 0.89. DoubleDown Interactive Co., Ltd. has a one year low of $8.88 and a one year high of $18.21. The firm's 50 day simple moving average is $9.84 and its two-hundred day simple moving average is $11.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 19.38 and a quick ratio of 21.25.

Analysts Set New Price Targets

DDI has been the topic of a number of recent analyst reports. Northland Securities lowered their target price on shares of DoubleDown Interactive from $21.00 to $18.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Wedbush restated an "outperform" rating and set a $21.00 price objective on shares of DoubleDown Interactive in a research report on Wednesday, February 12th. Finally, B. Riley started coverage on DoubleDown Interactive in a research note on Tuesday, February 25th. They issued a "buy" rating and a $23.00 target price on the stock.

DoubleDown Interactive Profile

DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.

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