GAMMA Investing LLC Boosts Stock Position in Dana Incorporated (NYSE:DAN)

GAMMA Investing LLC lifted its position in Dana Incorporated (NYSE:DAN) by 1,495.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,096 shares of the auto parts company’s stock after purchasing an additional 40,394 shares during the quarter. GAMMA Investing LLC’s holdings in Dana were worth $574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JB Capital Partners LP increased its holdings in Dana by 28.6% in the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company’s stock worth $21,181,000 after buying an additional 407,000 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Dana by 1.9% in the fourth quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company’s stock worth $10,822,000 after acquiring an additional 17,569 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of Dana in the fourth quarter worth $9,498,000. Cibc World Markets Corp raised its holdings in shares of Dana by 1.8% during the fourth quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company’s stock worth $7,944,000 after purchasing an additional 12,220 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in shares of Dana by 103.6% during the fourth quarter. Great Lakes Advisors LLC now owns 280,798 shares of the auto parts company’s stock worth $3,246,000 after purchasing an additional 142,850 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DAN shares. Wells Fargo & Company reaffirmed a “buy” rating on shares of Dana in a report on Thursday, June 12th. UBS Group restated a “buy” rating and issued a $22.00 target price (up previously from $20.00) on shares of Dana in a research note on Friday, June 13th. Barclays reiterated an “overweight” rating and set a $25.00 price target (up from $20.00) on shares of Dana in a research report on Thursday, June 12th. Royal Bank Of Canada reissued an “outperform” rating and issued a $24.00 price target (up from $20.00) on shares of Dana in a report on Thursday, June 12th. Finally, Wall Street Zen raised shares of Dana from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.43.

Dana Stock Down 1.5%

Shares of DAN opened at $17.32 on Thursday. The firm has a market cap of $2.52 billion, a P/E ratio of -72.17, a PEG ratio of 1.30 and a beta of 2.11. Dana Incorporated has a 12 month low of $7.58 and a 12 month high of $18.03. The stock’s 50 day moving average is $15.01 and its two-hundred day moving average is $14.06. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68.

Dana (NYSE:DAN) last released its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. Dana’s revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 EPS. Analysts predict that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.31%. Dana’s dividend payout ratio is currently -166.67%.

Dana Company Profile

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.