Dana Inc (NYSE:DAN) Short Interest Update

Dana Inc (NYSE:DAN) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 4,160,000 shares, a decrease of 18.6% from the October 31st total of 5,110,000 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 1,640,000 shares, the short-interest ratio is presently 2.5 days.

Shares of Dana stock traded up $0.10 during trading hours on Thursday, hitting $17.16. 468,084 shares of the company’s stock traded hands, compared to its average volume of 1,288,597. The stock has a 50 day simple moving average of $16.33 and a 200-day simple moving average of $15.94. The company has a quick ratio of 1.03, a current ratio of 1.64 and a debt-to-equity ratio of 1.32. The company has a market cap of $2.47 billion, a PE ratio of 5.78, a PEG ratio of 1.29 and a beta of 2.23. Dana has a twelve month low of $11.57 and a twelve month high of $20.96.

Dana (NYSE:DAN) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.16 billion. Dana had a return on equity of 26.97% and a net margin of 2.80%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. As a group, equities research analysts predict that Dana will post 3.06 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.33%. Dana’s payout ratio is 13.47%.

DAN has been the subject of several recent research reports. Zacks Investment Research downgraded Dana from a “hold” rating to a “sell” rating in a report on Tuesday, October 8th. KeyCorp lowered their target price on Dana from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Oppenheimer assumed coverage on Dana in a research note on Tuesday, November 19th. They set an “outperform” rating and a $20.00 target price for the company. Bank of America upgraded Dana from a “neutral” rating to a “buy” rating in a research note on Friday, September 13th. They noted that the move was a valuation call. Finally, TheStreet upgraded Dana from a “c” rating to a “b-” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $20.56.

In related news, insider Dwayne Matthews sold 35,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $17.70, for a total value of $619,500.00. Following the completion of the sale, the insider now directly owns 105,564 shares in the company, valued at approximately $1,868,482.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark E. Wallace sold 44,570 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $13.41, for a total value of $597,683.70. Following the completion of the sale, the executive vice president now owns 145,431 shares of the company’s stock, valued at $1,950,229.71. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,421 shares of company stock valued at $1,965,648. 0.75% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Resources Investment Advisors LLC. lifted its position in shares of Dana by 345.5% during the second quarter. Resources Investment Advisors LLC. now owns 2,254 shares of the auto parts company’s stock worth $45,000 after purchasing an additional 1,748 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Dana by 357.8% during the second quarter. Advisory Services Network LLC now owns 2,280 shares of the auto parts company’s stock worth $46,000 after purchasing an additional 1,782 shares during the last quarter. Sandy Spring Bank bought a new position in shares of Dana during the third quarter worth about $43,000. Atria Investments LLC bought a new position in shares of Dana during the second quarter worth about $239,000. Finally, Allred Capital Management LLC bought a new position in shares of Dana during the third quarter worth about $140,000. 95.48% of the stock is currently owned by institutional investors and hedge funds.

About Dana

Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products to vehicle and engine manufacturer in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Drive and Motion Technologies, and Power Technologies.

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