Dana Holding Corp. (DAN) Short Interest Up 44.0% in October
Dana Holding Corp. (NYSE:DAN) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 4,166,648 shares, an increase of 44.0% from the October 14th total of 2,893,512 shares. Based on an average daily trading volume, of 2,204,632 shares, the short-interest ratio is presently 1.9 days. Approximately 2.9% of the shares of the stock are short sold.
A number of research analysts have recently weighed in on DAN shares. Barclays PLC raised shares of Dana Holding Corp. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $12.00 to $20.00 in a research note on Friday, September 16th. They noted that the move was a valuation call. JPMorgan Chase & Co. reissued a “hold” rating on shares of Dana Holding Corp. in a research note on Thursday, November 10th. Zacks Investment Research raised shares of Dana Holding Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 25th. FBR & Co reissued an “outperform” rating and set a $17.00 price objective on shares of Dana Holding Corp. in a research note on Friday, October 21st. Finally, Royal Bank Of Canada raised their price objective on shares of Dana Holding Corp. from $11.00 to $14.00 and gave the stock a “sector perform” rating in a research note on Friday, July 22nd. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Dana Holding Corp. currently has an average rating of “Hold” and a consensus price target of $16.00.
In other Dana Holding Corp. news, Director Mark A. Schulz sold 5,444 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $14.43, for a total value of $78,556.92. Following the completion of the transaction, the director now directly owns 30,201 shares of the company’s stock, valued at $435,800.43. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark A. Schulz sold 10,201 shares of the stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $14.60, for a total transaction of $148,934.60. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $292,000. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Investors Capital Advisory Services raised its stake in shares of Dana Holding Corp. by 0.9% in the second quarter. Investors Capital Advisory Services now owns 10,534 shares of the company’s stock worth $110,000 after buying an additional 92 shares in the last quarter. Breton Hill Capital Ltd. raised its stake in Dana Holding Corp. by 0.3% in the second quarter. Breton Hill Capital Ltd. now owns 73,086 shares of the company’s stock valued at $772,000 after buying an additional 236 shares in the last quarter. LS Investment Advisors LLC raised its stake in Dana Holding Corp. by 3.1% in the third quarter. LS Investment Advisors LLC now owns 9,375 shares of the company’s stock valued at $146,000 after buying an additional 283 shares in the last quarter. Oakbrook Investments LLC raised its stake in Dana Holding Corp. by 4.3% in the second quarter. Oakbrook Investments LLC now owns 12,100 shares of the company’s stock valued at $128,000 after buying an additional 500 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Dana Holding Corp. by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 242,495 shares of the company’s stock valued at $3,417,000 after buying an additional 826 shares in the last quarter. 97.99% of the stock is owned by institutional investors.
Shares of Dana Holding Corp. (NYSE:DAN) opened at 17.01 on Friday. The stock has a market capitalization of $2.45 billion, a PE ratio of 34.64 and a beta of 1.58. The firm has a 50-day moving average of $15.31 and a 200 day moving average of $13.50. Dana Holding Corp. has a 1-year low of $9.80 and a 1-year high of $17.02.
Dana Holding Corp. (NYSE:DAN) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The company earned $1.38 billion during the quarter, compared to analyst estimates of $1.42 billion. Dana Holding Corp. had a net margin of 1.27% and a return on equity of 28.86%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. On average, equities analysts anticipate that Dana Holding Corp. will post $1.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, November 8th. Dana Holding Corp.’s dividend payout ratio is currently 47.06%.
Dana Holding Corp. Company Profile
Dana Inc, formerly Dana Holding Corporation, is a provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies.
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