GAMMA Investing LLC Has $14.79 Million Stock Holdings in Harley-Davidson, Inc. (NYSE:HOG)

GAMMA Investing LLC boosted its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 2,561.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,555 shares of the company's stock after purchasing an additional 56,355 shares during the period. GAMMA Investing LLC's holdings in Harley-Davidson were worth $14,790,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its stake in shares of Harley-Davidson by 3,514.8% in the first quarter. Versant Capital Management Inc now owns 976 shares of the company's stock valued at $25,000 after acquiring an additional 949 shares during the last quarter. 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 during the period. Bessemer Group Inc. grew its holdings in Harley-Davidson by 237.9% during the 4th quarter. Bessemer Group Inc. now owns 1,301 shares of the company's stock worth $39,000 after acquiring an additional 916 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Harley-Davidson in the 4th quarter valued at $42,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Harley-Davidson by 84.3% in the 4th 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 during the period. Institutional investors own 85.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HOG. Robert W. Baird boosted their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. UBS Group decreased their price target on shares of Harley-Davidson from $35.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Citigroup decreased their price target on shares of Harley-Davidson from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, DA Davidson reaffirmed a "buy" rating and issued a $31.00 price objective on shares of Harley-Davidson in a research report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Harley-Davidson has a consensus rating of "Hold" and a consensus target price of $30.17.

Harley-Davidson Stock Up 1.5%

HOG traded up $0.36 during trading on Friday, hitting $24.58. The company had a trading volume of 1,634,286 shares, compared to its average volume of 1,939,705. The company has a market capitalization of $2.99 billion, a PE ratio of 7.38, a PEG ratio of 0.38 and a beta of 1.32. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $39.93. The firm's 50-day moving average price is $23.58 and its 200 day moving average price is $26.84. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 1.41.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.80 by $0.27. The firm had revenue of $315.24 million for the quarter, compared to analysts' expectations of $1.12 billion. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. The company's revenue for the quarter was down 23.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.72 EPS. As a group, equities analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Monday, June 2nd will be paid a $0.18 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.93%. Harley-Davidson's dividend payout ratio (DPR) is currently 26.87%.

Harley-Davidson Company Profile

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.