Dana Incorporated (NYSE:DAN) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Dana Incorporated (NYSE:DAN) by 118.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,702 shares of the auto parts company’s stock after acquiring an additional 1,464 shares during the quarter. GAMMA Investing LLC’s holdings in Dana were worth $31,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Segall Bryant & Hamill LLC acquired a new position in Dana during the 3rd quarter valued at approximately $2,687,000. JB Capital Partners LP boosted its holdings in shares of Dana by 9.9% during the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after acquiring an additional 128,000 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 2,234 shares during the period. Entropy Technologies LP bought a new position in shares of Dana during the third quarter worth about $250,000. Finally, Martingale Asset Management L P bought a new stake in Dana in the 3rd quarter valued at about $346,000. 96.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. Wells Fargo & Company raised their price target on Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, December 16th. Barclays upgraded shares of Dana from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $12.00 to $18.00 in a research report on Monday, December 2nd. StockNews.com downgraded shares of Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Dana presently has a consensus rating of “Hold” and an average price target of $15.29.

Dana Stock Performance

Shares of NYSE:DAN opened at $11.70 on Wednesday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -106.35, a price-to-earnings-growth ratio of 1.23 and a beta of 2.31. The business’s fifty day moving average price is $10.77 and its two-hundred day moving average price is $10.78. Dana Incorporated has a fifty-two week low of $7.58 and a fifty-two week high of $14.22. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86.

Dana (NYSE:DAN) last announced 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). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the business posted $0.30 earnings per share. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, analysts predict that Dana Incorporated will post 0.85 EPS for the current fiscal year.

Dana Announces Dividend

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

About Dana

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.