Bailard Inc. Has $686,000 Stake in Dana Inc (DAN)
Bailard Inc. lifted its stake in shares of Dana Inc (NYSE:DAN) by 51.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,000 shares of the auto parts company’s stock after purchasing an additional 11,600 shares during the quarter. Bailard Inc.’s holdings in Dana were worth $686,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL purchased a new stake in shares of Dana during the first quarter worth approximately $222,000. Delpha Capital Management LLC raised its stake in shares of Dana by 1,472.2% during the first quarter. Delpha Capital Management LLC now owns 9,433 shares of the auto parts company’s stock worth $243,000 after purchasing an additional 8,833 shares during the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Dana by 30.5% during the first quarter. First Allied Advisory Services Inc. now owns 9,639 shares of the auto parts company’s stock worth $250,000 after purchasing an additional 2,255 shares during the last quarter. HAP Trading LLC raised its stake in shares of Dana by 38.4% during the first quarter. HAP Trading LLC now owns 14,391 shares of the auto parts company’s stock worth $371,000 after purchasing an additional 3,991 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Dana by 21.0% during the second quarter. Xact Kapitalforvaltning AB now owns 21,890 shares of the auto parts company’s stock worth $442,000 after purchasing an additional 3,800 shares during the last quarter. Institutional investors and hedge funds own 93.35% of the company’s stock.
NYSE:DAN opened at $20.00 on Monday. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 5.33 and a beta of 1.73. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.63 and a quick ratio of 1.05. Dana Inc has a 1 year low of $18.08 and a 1 year high of $35.27.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, August 9th. Dana’s dividend payout ratio (DPR) is 15.87%.
Several research firms have issued reports on DAN. Stephens reiterated a “hold” rating and issued a $23.00 price objective on shares of Dana in a research report on Wednesday, August 1st. TheStreet upgraded Dana from a “c” rating to a “b-” rating in a research report on Monday, April 30th. Bank of America began coverage on Dana in a research report on Friday, June 1st. They issued a “buy” rating and a $28.00 price objective for the company. Zacks Investment Research cut Dana from a “buy” rating to a “hold” rating in a research report on Tuesday, May 22nd. Finally, ValuEngine cut Dana from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Dana presently has a consensus rating of “Hold” and an average price target of $27.67.
In related news, Director Keith E. Wandell sold 14,576 shares of the stock in a transaction on Monday, June 25th. The stock was sold at an average price of $20.56, for a total transaction of $299,682.56. Following the sale, the director now owns 69,988 shares of the company’s stock, valued at $1,438,953.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Virginia A. Kamsky sold 13,642 shares of the stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $22.30, for a total value of $304,216.60. Following the sale, the director now directly owns 32,549 shares in the company, valued at approximately $725,842.70. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.
Dana Company Profile
Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.
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