Riverhead Capital Management LLC Boosts Holdings in Harley-Davidson Inc (NYSE:HOG)

Riverhead Capital Management LLC lifted its stake in Harley-Davidson Inc (NYSE:HOG) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,406 shares of the company’s stock after purchasing an additional 800 shares during the period. Riverhead Capital Management LLC’s holdings in Harley-Davidson were worth $516,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC purchased a new position in Harley-Davidson during the 2nd quarter valued at about $25,000. G&S Capital LLC bought a new stake in shares of Harley-Davidson in the second quarter worth approximately $26,000. Icon Wealth Partners LLC bought a new stake in shares of Harley-Davidson in the first quarter worth approximately $27,000. Flagship Harbor Advisors LLC grew its stake in shares of Harley-Davidson by 73.8% in the second quarter. Flagship Harbor Advisors LLC now owns 803 shares of the company’s stock worth $28,000 after acquiring an additional 341 shares during the period. Finally, Coastal Capital Group Inc. bought a new stake in shares of Harley-Davidson in the second quarter worth approximately $32,000. 93.97% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Paul J. Jones sold 11,884 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $35.15, for a total value of $417,722.60. Following the transaction, the vice president now owns 9,575 shares of the company’s stock, valued at $336,561.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John A. Olin sold 30,000 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $35.96, for a total transaction of $1,078,800.00. Following the completion of the transaction, the chief financial officer now directly owns 88,500 shares in the company, valued at approximately $3,182,460. The disclosure for this sale can be found here. Insiders sold 45,510 shares of company stock worth $1,626,297 in the last three months. Insiders own 0.86% of the company’s stock.

Shares of HOG stock traded up $0.48 during mid-day trading on Thursday, hitting $36.18. The company had a trading volume of 81,690 shares, compared to its average volume of 2,010,249. Harley-Davidson Inc has a 52-week low of $30.17 and a 52-week high of $46.22. The stock’s 50 day moving average price is $33.17 and its 200-day moving average price is $35.56. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.15 and a quick ratio of 1.03. The company has a market capitalization of $5.60 billion, a P/E ratio of 9.58, a P/E/G ratio of 1.23 and a beta of 1.21.

Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, July 23rd. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.42 by $0.04. Harley-Davidson had a net margin of 7.99% and a return on equity of 28.67%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts expect that Harley-Davidson Inc will post 3.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is presently 39.68%.

A number of brokerages have recently commented on HOG. Wedbush set a $35.00 price target on shares of Harley-Davidson and gave the stock a “hold” rating in a research note on Friday, July 12th. Northcoast Research reissued a “hold” rating on shares of Harley-Davidson in a report on Tuesday, June 4th. Morgan Stanley dropped their price objective on shares of Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. ValuEngine raised shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 30th. Finally, DA Davidson reissued a “sell” rating on shares of Harley-Davidson in a report on Friday, July 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Harley-Davidson currently has a consensus rating of “Hold” and an average price target of $41.00.

Harley-Davidson Profile

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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