Old West Investment Management LLC Raises Stake in U-Haul Holding (NASDAQ:UHAL)

Old West Investment Management LLC increased its position in U-Haul Holding (NASDAQ:UHAL - Free Report) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,537 shares of the transportation company's stock after acquiring an additional 7,590 shares during the period. U-Haul comprises about 3.7% of Old West Investment Management LLC's investment portfolio, making the stock its 9th biggest holding. Old West Investment Management LLC owned 0.07% of U-Haul worth $9,226,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Optas LLC bought a new stake in U-Haul during the fourth quarter valued at about $219,000. Versor Investments LP purchased a new position in shares of U-Haul in the 4th quarter worth $221,000. Legacy Capital Group California Inc. raised its position in shares of U-Haul by 7.5% during the 4th quarter. Legacy Capital Group California Inc. now owns 3,383 shares of the transportation company's stock valued at $234,000 after buying an additional 237 shares in the last quarter. Childress Capital Advisors LLC raised its position in shares of U-Haul by 20.0% during the 4th quarter. Childress Capital Advisors LLC now owns 6,000 shares of the transportation company's stock valued at $415,000 after buying an additional 1,000 shares in the last quarter. Finally, Asset Planning Inc bought a new position in shares of U-Haul in the 4th quarter valued at about $491,000. Hedge funds and other institutional investors own 3.63% of the company's stock.

Insider Buying and Selling at U-Haul

In related news, Director John P. Brogan sold 3,000 shares of U-Haul stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $67.04, for a total transaction of $201,120.00. Following the completion of the sale, the director now owns 40,987 shares in the company, valued at $2,747,768.48. This trade represents a 6.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Mark V. Shoen sold 12,500 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $65.86, for a total transaction of $823,250.00. Following the completion of the transaction, the insider now owns 667,500 shares in the company, valued at $43,961,550. This represents a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,000 shares of company stock worth $1,837,245 over the last quarter. Insiders own 50.10% of the company's stock.

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U-Haul Trading Down 3.1 %

UHAL stock traded down $1.97 during midday trading on Thursday, reaching $61.13. 35,829 shares of the company traded hands, compared to its average volume of 97,577. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 28.04 and a beta of 1.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.83 and a current ratio of 2.03. The business has a 50 day moving average of $67.59 and a 200-day moving average of $70.66. U-Haul Holding has a 52-week low of $56.28 and a 52-week high of $79.04.

U-Haul Dividend Announcement

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

About U-Haul

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.