Qsemble Capital Management LP Sells 6,832 Shares of Harley-Davidson, Inc. (NYSE:HOG)

Qsemble Capital Management LP reduced its position in Harley-Davidson, Inc. (NYSE:HOG) by 37.1% in the third quarter, HoldingsChannel.com reports. The firm owned 11,581 shares of the company’s stock after selling 6,832 shares during the period. Qsemble Capital Management LP’s holdings in Harley-Davidson were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HOG. Quadrature Capital Ltd bought a new position in shares of Harley-Davidson in the first quarter worth approximately $303,000. Price T Rowe Associates Inc. MD boosted its position in shares of Harley-Davidson by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 68,420 shares of the company’s stock worth $2,993,000 after purchasing an additional 3,552 shares during the period. Comerica Bank boosted its position in shares of Harley-Davidson by 21.3% in the first quarter. Comerica Bank now owns 64,045 shares of the company’s stock worth $2,801,000 after purchasing an additional 11,233 shares during the period. Cetera Investment Advisers boosted its position in shares of Harley-Davidson by 70.6% in the first quarter. Cetera Investment Advisers now owns 72,828 shares of the company’s stock worth $3,185,000 after purchasing an additional 30,143 shares during the period. Finally, Cetera Advisors LLC boosted its position in shares of Harley-Davidson by 17.5% in the first quarter. Cetera Advisors LLC now owns 9,941 shares of the company’s stock worth $435,000 after purchasing an additional 1,482 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Harley-Davidson

In other news, Director Maryrose Sylvester sold 4,278 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $32.25, for a total value of $137,965.50. Following the sale, the director now owns 17,687 shares of the company’s stock, valued at approximately $570,405.75. This represents a 19.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Robert W. Baird lowered shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. Bank of America dropped their target price on shares of Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, UBS Group dropped their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $42.57.

Harley-Davidson Price Performance

HOG stock opened at $33.74 on Thursday. Harley-Davidson, Inc. has a 52 week low of $29.67 and a 52 week high of $44.16. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38. The company has a fifty day simple moving average of $34.61 and a two-hundred day simple moving average of $35.08. The firm has a market capitalization of $4.30 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 0.46 and a beta of 1.46.

Harley-Davidson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 2.05%. Harley-Davidson’s dividend payout ratio (DPR) is currently 15.54%.

Harley-Davidson Company 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.