Dana Inc (NYSE:DAN) was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 2,000 put options on the company. This is an increase of approximately 541% compared to the average daily volume of 312 put options.
In other news, insider Aziz Aghili sold 12,624 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $33.12, for a total transaction of $418,106.88. Following the completion of the sale, the insider now owns 18,024 shares of the company’s stock, valued at approximately $596,954.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark E. Wallace sold 40,339 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $33.42, for a total transaction of $1,348,129.38. Following the sale, the executive vice president now directly owns 108,139 shares of the company’s stock, valued at approximately $3,614,005.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,207 shares of company stock valued at $2,870,602. Insiders own 1.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Teachers Advisors LLC lifted its stake in Dana by 0.9% in the 4th quarter. Teachers Advisors LLC now owns 265,343 shares of the auto parts company’s stock worth $8,494,000 after purchasing an additional 2,270 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Dana by 48.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,502 shares of the auto parts company’s stock worth $240,000 after purchasing an additional 2,447 shares in the last quarter. Rhumbline Advisers lifted its stake in Dana by 1.1% in the 4th quarter. Rhumbline Advisers now owns 309,003 shares of the auto parts company’s stock worth $9,891,000 after purchasing an additional 3,218 shares in the last quarter. KBC Group NV lifted its stake in Dana by 107.9% in the 4th quarter. KBC Group NV now owns 6,707 shares of the auto parts company’s stock worth $215,000 after purchasing an additional 3,481 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its stake in Dana by 23.1% in the 4th quarter. Flinton Capital Management LLC now owns 19,210 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 3,604 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.
Dana (DAN) opened at $26.16 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.12 and a current ratio of 1.69. Dana has a one year low of $17.53 and a one year high of $35.27. The firm has a market cap of $3,791.77, a price-to-earnings ratio of 10.37 and a beta of 1.79.
Dana (NYSE:DAN) last announced its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.53 by $0.09. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Dana had a net margin of 1.54% and a return on equity of 30.70%. The business’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. research analysts expect that Dana will post 2.8 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be paid a $0.10 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.40 annualized dividend and a yield of 1.53%. This is a boost from Dana’s previous quarterly dividend of $0.06. Dana’s payout ratio is presently 57.14%.
Dana announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 17th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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Dana Incorporated, formerly Dana Holding Corporation, is a global provider of technology driveline, sealing and thermal-management products. 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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