Quinn Opportunity Partners LLC Takes $7.26 Million Position in Harley-Davidson, Inc. $HOG

Quinn Opportunity Partners LLC acquired a new position in shares of Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 307,732 shares of the company’s stock, valued at approximately $7,262,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HOG. Assetmark Inc. lifted its position in shares of Harley-Davidson by 209.7% during the 1st quarter. Assetmark Inc. now owns 1,053 shares of the company’s stock valued at $27,000 after acquiring an additional 713 shares during the period. Financial Harvest LLC acquired a new stake in shares of Harley-Davidson in the 1st quarter worth approximately $30,000. UMB Bank n.a. increased its stake in Harley-Davidson by 68.3% in the 2nd quarter. UMB Bank n.a. now owns 2,198 shares of the company’s stock valued at $52,000 after purchasing an additional 892 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Harley-Davidson by 153.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,109 shares of the company’s stock worth $53,000 after purchasing an additional 1,278 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Harley-Davidson during the first quarter worth $54,000. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Trading Up 0.5%

Shares of Harley-Davidson stock opened at $25.36 on Wednesday. Harley-Davidson, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $35.21. The firm has a market cap of $3.00 billion, a PE ratio of 13.14, a P/E/G ratio of 0.40 and a beta of 1.39. The business’s fifty day moving average is $27.85 and its two-hundred day moving average is $25.94. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.10 earnings per share for the quarter, topping the consensus estimate of $1.38 by $1.72. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.01 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. Analysts anticipate that Harley-Davidson, Inc. will post 3.44 earnings per share for the current year.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were paid a $0.18 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.8%. Harley-Davidson’s dividend payout ratio (DPR) is 17.48%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HOG shares. Griffin Securities set a $34.00 price target on Harley-Davidson in a research report on Monday, August 25th. Weiss Ratings upgraded shares of Harley-Davidson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. DA Davidson cut their target price on shares of Harley-Davidson from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Monday. UBS Group set a $28.00 price target on shares of Harley-Davidson and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Morgan Stanley downgraded Harley-Davidson from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $27.00 to $25.00 in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.57.

Harley-Davidson Profile

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.