Ra Capital Management, LLC Has 9.9% Stake in Dicerna Pharmaceuticals Inc (DRNA)

Ra Capital Management, LLC

revealed that they own 9.9% of Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) in a Form 13D/A disclosure that was filed with the SEC on Wednesday, December 20th. The investor owns 5,074,013 shares of the stock valued at about $40,490,624. The reporting parties listed on the disclosure included RA Capital Management, LLC, Peter Kolchinsky and RA Capital Healthcare Fund, LP. The filing is available through Edgar at this link.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp increased its position in shares of Dicerna Pharmaceuticals by 6.1% during the second quarter. Northern Trust Corp now owns 36,219 shares of the biopharmaceutical company’s stock worth $114,000 after purchasing an additional 2,094 shares in the last quarter. Birchview Capital LP increased its position in shares of Dicerna Pharmaceuticals by 125.0% during the third quarter. Birchview Capital LP now owns 45,000 shares of the biopharmaceutical company’s stock worth $259,000 after purchasing an additional 25,000 shares in the last quarter. Deschutes Portfolio Strategy LLC purchased a new stake in shares of Dicerna Pharmaceuticals during the third quarter worth approximately $575,000. Vanguard Group Inc. increased its position in shares of Dicerna Pharmaceuticals by 4.5% during the second quarter. Vanguard Group Inc. now owns 340,327 shares of the biopharmaceutical company’s stock worth $1,078,000 after purchasing an additional 14,517 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Dicerna Pharmaceuticals by 2.4% during the first quarter. Renaissance Technologies LLC now owns 418,500 shares of the biopharmaceutical company’s stock worth $1,423,000 after purchasing an additional 9,818 shares in the last quarter. Hedge funds and other institutional investors own 54.35% of the company’s stock.

In related news, Director Bain Capital Life Sciences Inv bought 285,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was bought at an average cost of $7.00 per share, for a total transaction of $1,995,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 29.41% of the stock is owned by corporate insiders.

Several analysts have issued reports on the company. Zacks Investment Research cut Dicerna Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. ValuEngine upgraded Dicerna Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, HC Wainwright restated a “buy” rating and issued a $10.00 target price (up from $6.00) on shares of Dicerna Pharmaceuticals in a report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Dicerna Pharmaceuticals presently has a consensus rating of “Buy” and a consensus target price of $6.81.

Shares of Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) traded up $0.63 during trading hours on Wednesday, reaching $7.98. The company’s stock had a trading volume of 290,128 shares, compared to its average volume of 180,780. Dicerna Pharmaceuticals Inc has a 12 month low of $2.42 and a 12 month high of $10.24.

Dicerna Pharmaceuticals (NASDAQ:DRNA) last issued its earnings results on Thursday, November 2nd. The biopharmaceutical company reported ($0.92) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by ($0.22). The company had revenue of $0.47 million during the quarter. Dicerna Pharmaceuticals had a negative net margin of 5,895.26% and a negative return on equity of 293.25%. The firm’s quarterly revenue was up 192.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.68) EPS. equities research analysts anticipate that Dicerna Pharmaceuticals Inc will post -3.04 earnings per share for the current year.

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Dicerna Pharmaceuticals Profile

Dicerna Pharmaceuticals, Inc is a ribonucleic acid (RNA) interference-based biopharmaceutical company. The Company operates in the segment of discovery, research and development of treatments based on its RNA interference (RNAi) technology platform. The Company is focused on the discovery and development of treatments for rare inherited diseases involving the liver and for cancers that are genetically defined.

Institutional Ownership by Quarter for Dicerna Pharmaceuticals (NASDAQ:DRNA)

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