Versant Capital Management Inc Has $31,000 Holdings in Dana Incorporated (NYSE:DAN)

Versant Capital Management Inc raised its stake in Dana Incorporated (NYSE:DAN) by 484.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,695 shares of the auto parts company’s stock after buying an additional 2,234 shares during the period. Versant Capital Management Inc’s holdings in Dana were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAN. Rhumbline Advisers increased its stake in shares of Dana by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after acquiring an additional 5,468 shares during the last quarter. Entropy Technologies LP bought a new stake in Dana in the third quarter valued at approximately $250,000. SG Americas Securities LLC raised its holdings in Dana by 81.8% in the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 26,225 shares during the period. Martingale Asset Management L P bought a new position in shares of Dana during the third quarter worth $346,000. Finally, JB Capital Partners LP grew its holdings in shares of Dana by 9.9% in the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after buying an additional 128,000 shares during the period. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DAN. Wells Fargo & Company raised their price objective on Dana from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, December 16th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $9.00 to $16.00 in a report on Tuesday, December 3rd. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised shares of Dana from a “hold” rating to a “buy” rating and lifted their price target for the company from $9.00 to $19.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. reduced their price target 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.29.

Dana Price Performance

NYSE DAN opened at $11.76 on Wednesday. The firm’s 50 day moving average is $10.41 and its 200-day moving average is $10.81. The company has a quick ratio of 0.86, a current ratio of 1.49 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $1.70 billion, a PE ratio of -106.90, a price-to-earnings-growth ratio of 1.26 and a beta of 2.31. Dana Incorporated has a 12-month low of $7.58 and a 12-month high of $14.22.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the firm earned $0.30 earnings per share. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. Equities research analysts anticipate that Dana Incorporated will post 0.85 earnings per share for the current fiscal year.

Dana Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 8th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 8th. This represents a $0.40 annualized dividend and a yield of 3.40%. Dana’s dividend payout ratio (DPR) is presently -363.64%.

Dana Profile

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.