Versant Capital Management Inc Has $31,000 Stake in Dana Incorporated (NYSE:DAN)

Versant Capital Management Inc boosted its holdings in shares of Dana Incorporated (NYSE:DAN) by 484.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,695 shares of the auto parts company’s stock after buying an additional 2,234 shares during the period. Versant Capital Management Inc’s holdings in Dana were worth $31,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Rhumbline Advisers boosted its position in shares of Dana by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after acquiring an additional 5,468 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Dana in the 3rd quarter valued at approximately $250,000. SG Americas Securities LLC raised its holdings in shares of Dana by 81.8% in the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after buying an additional 26,225 shares in the last quarter. Martingale Asset Management L P bought a new position in shares of Dana during the 3rd quarter worth approximately $346,000. Finally, JB Capital Partners LP lifted its position in shares of Dana by 9.9% during the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock worth $14,880,000 after buying an additional 128,000 shares during the period. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and lifted their price target for the company from $9.00 to $19.00 in a report on Monday, December 9th. StockNews.com cut shares of Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company increased their price target on Dana from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Dana presently has a consensus rating of “Hold” and a consensus target price of $15.29.

Dana Stock Performance

DAN stock opened at $11.76 on Wednesday. The stock has a market capitalization of $1.70 billion, a PE ratio of -106.90, a price-to-earnings-growth ratio of 1.26 and a beta of 2.31. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86. The company has a 50 day moving average price of $10.41 and a 200 day moving average price of $10.81. Dana Incorporated has a fifty-two week low of $7.58 and a fifty-two week high of $14.22.

Dana (NYSE:DAN) last released its earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The company’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. Analysts forecast that Dana Incorporated will post 0.85 EPS for the current year.

Dana Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, November 8th. Dana’s dividend payout ratio is -363.64%.

Dana 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.