GAMMA Investing LLC Purchases 1,464 Shares of Dana Incorporated (NYSE:DAN)

GAMMA Investing LLC raised its holdings in shares of Dana Incorporated (NYSE:DANFree Report) by 118.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,702 shares of the auto parts company’s stock after buying an additional 1,464 shares during the period. GAMMA Investing LLC’s holdings in Dana were worth $31,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 2,234 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Dana in the 3rd quarter valued at approximately $250,000. Martingale Asset Management L P acquired a new stake in shares of Dana in the 3rd quarter valued at approximately $346,000. SG Americas Securities LLC grew its stake in shares of Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after buying an additional 26,225 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Dana during the third quarter worth $2,687,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Dana Stock Performance

NYSE:DAN opened at $11.70 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. Dana Incorporated has a twelve month low of $7.58 and a twelve month high of $14.22. The company has a fifty day moving average of $10.77 and a 200-day moving average of $10.78. The firm has a market capitalization of $1.70 billion, a P/E ratio of -106.35, a P/E/G ratio of 1.23 and a beta of 2.31.

Dana (NYSE:DANGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Dana Incorporated will post 0.85 EPS for the current year.

Dana Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 8th were paid a $0.10 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 3.42%. Dana’s dividend payout ratio (DPR) is presently -363.64%.

Analyst Ratings Changes

DAN has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Dana from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Barclays upgraded Dana from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $18.00 in a research note on Monday, December 2nd. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. Finally, BNP Paribas raised shares of Dana from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $9.00 to $16.00 in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.29.

Read Our Latest Stock Analysis on DAN

Dana Profile

(Free Report)

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.

Featured Articles

Want to see what other hedge funds are holding DAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dana Incorporated (NYSE:DANFree Report).

Institutional Ownership by Quarter for Dana (NYSE:DAN)

Receive News & Ratings for Dana Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dana and related companies with MarketBeat.com's FREE daily email newsletter.