Gabelli Funds LLC Increases Stake in U-Haul Holding (NASDAQ:UHAL)

Gabelli Funds LLC lifted its holdings in U-Haul Holding (NASDAQ:UHAL - Free Report) by 337.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,600 shares of the transportation company's stock after purchasing an additional 23,600 shares during the period. Gabelli Funds LLC's holdings in U-Haul were worth $2,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new position in shares of U-Haul during the 3rd quarter worth $17,358,000. Old West Investment Management LLC increased its holdings in shares of U-Haul by 6.0% in the 4th quarter. Old West Investment Management LLC now owns 133,537 shares of the transportation company's stock valued at $9,226,000 after acquiring an additional 7,590 shares during the last quarter. Semanteon Capital Management LP bought a new stake in shares of U-Haul in the 4th quarter valued at approximately $644,000. Asset Planning Inc bought a new stake in shares of U-Haul in the 4th quarter valued at approximately $491,000. Finally, Childress Capital Advisors LLC grew its stake in U-Haul by 20.0% during the 4th quarter. Childress Capital Advisors LLC now owns 6,000 shares of the transportation company's stock worth $415,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 3.63% of the company's stock.

U-Haul Stock Performance

UHAL stock traded up $0.85 during trading on Thursday, reaching $61.22. 13,159 shares of the company's stock were exchanged, compared to its average volume of 97,981. The company has a quick ratio of 1.83, a current ratio of 2.03 and a debt-to-equity ratio of 0.89. U-Haul Holding has a 1-year low of $56.28 and a 1-year high of $79.04. The company's fifty day moving average price is $65.27 and its 200-day moving average price is $69.52. The firm has a market cap of $12.00 billion, a PE ratio of 28.22 and a beta of 1.10.

U-Haul Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.33%.

Insider Buying and Selling at U-Haul

In related news, major shareholder Mark V. Shoen sold 12,500 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $65.03, for a total value of $812,875.00. Following the completion of the transaction, the insider now owns 654,711 shares in the company, valued at $42,575,856.33. The trade was a 1.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John P. Brogan sold 3,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $67.04, for a total transaction of $201,120.00. Following the sale, the director now owns 40,987 shares of the company's stock, valued at $2,747,768.48. The trade was a 6.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock worth $1,837,245 over the last ninety days. 50.10% of the stock is currently owned by insiders.

U-Haul Company Profile

U-Haul Holding Co engages in the insurance and moving and storage businesses. It operates through the following business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.