Nantahala Capital Management buys $54,926,334 stake in Diamond Resorts International Inc (DRII)

Diamond Resorts International Inc (DRII) : Nantahala Capital Management scooped up 126,219 additional shares in Diamond Resorts International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,848,127 shares of Diamond Resorts International Inc which is valued at $54,926,334.Diamond Resorts International Inc makes up approximately 8.60% of Nantahala Capital Management’s portfolio.

Other Hedge Funds, Including , Parallax Volatility Advisers reduced its stake in DRII by selling 97,491 shares or 50.88% in the most recent quarter. The Hedge Fund company now holds 94,131 shares of DRII which is valued at $2,797,573. Diamond Resorts International Inc makes up approx 0.13% of Parallax Volatility Advisers’s portfolio.Spark Investment Management reduced its stake in DRII by selling 136,700 shares or 91.5% in the most recent quarter. The Hedge Fund company now holds 12,700 shares of DRII which is valued at $377,444. Diamond Resorts International Inc makes up approx 0.03% of Spark Investment Management’s portfolio.Credit Suisse Ag reduced its stake in DRII by selling 61,572 shares or 19.41% in the most recent quarter. The Hedge Fund company now holds 255,610 shares of DRII which is valued at $7,596,729. Diamond Resorts International Inc makes up approx 0.01% of Credit Suisse Ag’s portfolio.American Assets Capital Advisers reduced its stake in DRII by selling 41,011 shares or 17.24% in the most recent quarter. The Hedge Fund company now holds 196,931 shares of DRII which is valued at $5,852,789. Diamond Resorts International Inc makes up approx 3.67% of American Assets Capital Advisers’s portfolio.Spot Trading L.l.c boosted its stake in DRII in the latest quarter, The investment management firm added 5,780 additional shares and now holds a total of 173,459 shares of Diamond Resorts International Inc which is valued at $5,068,472. Diamond Resorts International Inc makes up approx 0.67% of Spot Trading L.l.c’s portfolio.

Diamond Resorts International Inc opened for trading at $30.23 and hit $30.25 on the upside on Thursday, eventually ending the session at $30.22, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 14,35,030 shares. Company has a market cap of $2,108 M.

Many Wall Street Analysts have commented on Diamond Resorts International Inc. Diamond Resorts International Inc was Downgraded by SunTrust to ” Neutral” on Jul 1, 2016. Company shares were Downgraded by MKM Partners on Jun 30, 2016 to ” Neutral”, Firm has raised the Price Target to $ 30.25 from a previous price target of $26 .Diamond Resorts International Inc was Downgraded by Goldman to ” Neutral” on Jun 30, 2016.

Diamond Resorts International Inc. (DRII) is engaged in the hospitality and vacation ownership industry. The Company operates in two segments: hospitality and management services and Vacation Interest Sales and Financing. The Company has a network of approximately 333 vacation destinations located in 34 countries throughout the continental United States Hawaii Canada Mexico the Caribbean Central America South America Europe Asia Australia New Zealand and Africa. Its resort network includes approximately 93 resort properties with approximately 11000 units that it manages and approximately 236 affiliated resorts and hotels and four cruise itineraries which it does not manage and do not carry its brand but are a part of its network and through the Clubs which are available for its members to use as vacation destinations. The Company offers Vacations for Life which is a way to acquire a lifetime of vacations at destinations across the world.

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