Crestline Management LP Raises Holdings in Harley-Davidson, Inc. (NYSE:HOG)

Crestline Management LP raised its stake in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 212.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,934 shares of the company's stock after purchasing an additional 38,732 shares during the period. Crestline Management LP's holdings in Harley-Davidson were worth $1,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in Harley-Davidson by 172.0% during the 4th quarter. Venturi Wealth Management LLC now owns 876 shares of the company's stock worth $26,000 after acquiring an additional 554 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Harley-Davidson by 237.9% during the fourth quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock worth $39,000 after purchasing an additional 916 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Harley-Davidson in the fourth quarter valued at $42,000. Global Retirement Partners LLC raised its stake in Harley-Davidson by 84.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,850 shares of the company's stock valued at $56,000 after buying an additional 846 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in Harley-Davidson by 201.8% during the 4th quarter. National Bank of Canada FI now owns 1,889 shares of the company's stock worth $57,000 after buying an additional 1,263 shares during the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Harley-Davidson

In other news, insider Luke Christopher Mansfield sold 3,400 shares of Harley-Davidson stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the sale, the insider now owns 23,555 shares of the company's stock, valued at $611,487.80. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.93% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group cut their target price on Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Citigroup cut their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Morgan Stanley lowered their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Robert W. Baird dropped their target price on shares of Harley-Davidson from $32.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Finally, Bank of America reduced their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Harley-Davidson has an average rating of "Hold" and a consensus price target of $29.83.

Harley-Davidson Stock Down 1.3 %

HOG stock opened at $23.02 on Thursday. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 0.38 and a beta of 1.30. The company has a fifty day moving average price of $23.92 and a 200 day moving average price of $28.09. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.19. Harley-Davidson, Inc. has a 12 month low of $20.45 and a 12 month high of $39.93.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.27. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The business had revenue of $315.24 million during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the prior year, the company earned $1.72 earnings per share. The business's revenue was down 23.2% compared to the same quarter last year. Sell-side analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.13%. This is a boost from Harley-Davidson's previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 28th. Harley-Davidson's dividend payout ratio (DPR) is presently 26.87%.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.

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