GAMMA Investing LLC Increases Holdings in Dana Incorporated (NYSE:DAN)

GAMMA Investing LLC boosted its stake in Dana Incorporated (NYSE:DAN - Free Report) by 1,495.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,096 shares of the auto parts company's stock after purchasing an additional 40,394 shares during the period. GAMMA Investing LLC's holdings in Dana were worth $574,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DAN. State of Tennessee Department of Treasury boosted its stake in shares of Dana by 6.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock worth $627,000 after acquiring an additional 3,368 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Dana by 829.3% during the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock worth $48,000 after acquiring an additional 3,732 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Dana by 6.1% during the 4th quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company's stock worth $914,000 after acquiring an additional 4,531 shares during the last quarter. Cibc World Markets Corp boosted its stake in shares of Dana by 1.8% during the 4th quarter. Cibc World Markets Corp now owns 687,220 shares of the auto parts company's stock worth $7,944,000 after acquiring an additional 12,220 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Dana by 1.9% during the 4th 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 last quarter. Institutional investors own 96.79% of the company's stock.

Dana Price Performance

Shares of DAN traded down $0.14 during trading hours on Friday, reaching $17.22. 3,931,088 shares of the stock traded hands, compared to its average volume of 1,751,827. 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 Incorporated has a 52-week low of $7.58 and a 52-week high of $18.03. The company's 50-day moving average price is $15.28 and its two-hundred day moving average price is $14.15. The company has a market cap of $2.51 billion, a P/E ratio of -71.75, a price-to-earnings-growth ratio of 1.10 and a beta of 2.11.

Dana (NYSE:DAN - Get Free Report) last released its earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. The firm had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same quarter last year, the firm posted $0.02 EPS. The firm's quarterly revenue was down 14.0% compared to the same quarter last year. On average, analysts anticipate that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, May 31st. Shareholders of record on Saturday, May 10th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.32%. Dana's dividend payout ratio is currently -166.67%.

Wall Street Analyst Weigh In

DAN has been the topic of several analyst reports. Wells Fargo & Company reiterated a "buy" rating on shares of Dana in a research note on Thursday, June 12th. UBS Group reiterated a "buy" rating and set a $22.00 price target (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 previously from $20.00) on shares of Dana in a research note on Thursday, June 12th. Wall Street Zen upgraded shares of Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $24.00 target price (up previously from $20.00) on shares of Dana in a research note on Thursday, June 12th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.43.

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.