GAMMA Investing LLC Has $210,000 Stock Position in Harley-Davidson, Inc. $HOG

GAMMA Investing LLC raised its holdings in Harley-Davidson, Inc. (NYSE:HOG – Free Report) by 282.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,880 shares of the company’s stock after buying an additional 6,561 shares during the quarter. GAMMA Investing LLC’s holdings in Harley-Davidson were worth $210,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in Harley-Davidson by 3,514.8% in the 1st quarter. Versant Capital Management Inc now owns 976 shares of the company’s stock valued at $25,000 after buying an additional 949 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Harley-Davidson by 209.7% during the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock worth $27,000 after purchasing an additional 713 shares in the last quarter. CX Institutional acquired a new stake in shares of Harley-Davidson during the 1st quarter worth approximately $28,000. Financial Harvest LLC acquired a new stake in shares of Harley-Davidson during the 1st quarter worth approximately $30,000. Finally, UMB Bank n.a. grew its holdings in shares of Harley-Davidson by 153.6% during the 1st quarter. UMB Bank n.a. now owns 1,306 shares of the company’s stock worth $33,000 after purchasing an additional 791 shares in the last quarter. Institutional investors and hedge funds own 85.10% of the company’s stock.
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Harley-Davidson Price Performance
Harley-Davidson stock opened at $28.83 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The company has a market capitalization of $3.50 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 0.41 and a beta of 1.31. Harley-Davidson, Inc. has a one year low of $20.45 and a one year high of $39.87. The business has a 50 day simple moving average of $27.42 and a 200 day simple moving average of $25.23.
Harley-Davidson (NYSE:HOG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.11). Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The company’s revenue for the quarter was down 19.3% compared to the same quarter last year. On average, sell-side analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.
Harley-Davidson Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were given a $0.18 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.72 annualized dividend and a yield of 2.5%. Harley-Davidson’s payout ratio is presently 37.31%.
Insider Transactions at Harley-Davidson
In other Harley-Davidson news, Director Rafeh Masood acquired 2,068 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was purchased at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the transaction, the director owned 4,705 shares in the company, valued at $113,202.30. This trade represents a 78.42% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.93% of the company’s stock.
Wall Street Analyst Weigh In
HOG has been the topic of several recent research reports. Griffin Securities set a $34.00 price objective on Harley-Davidson in a report on Monday, August 25th. Citigroup lifted their price objective on Harley-Davidson from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, June 16th. Zacks Research raised Harley-Davidson from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. UBS Group decreased their price objective on Harley-Davidson from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, July 8th. Finally, DA Davidson lifted their price objective on Harley-Davidson from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.86.
Check Out Our Latest Research Report on HOG
Harley-Davidson Profile
(Free Report)
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.
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