Gabelli Funds LLC Has $2.11 Million Stock Holdings in U-Haul Holding (NASDAQ:UHAL)

Gabelli Funds LLC grew its stake in U-Haul Holding (NASDAQ:UHAL) by 337.1% during the fourth quarter, Holdings Channel reports. The firm 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 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Lord Abbett & CO. LLC purchased a new position in shares of U-Haul in the 3rd quarter worth approximately $17,358,000. Old West Investment Management LLC increased its holdings in 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 worth $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 fourth quarter valued at approximately $644,000. Asset Planning Inc bought a new stake in U-Haul during the 4th quarter valued at $491,000. Finally, Childress Capital Advisors LLC lifted its holdings 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 purchasing an additional 1,000 shares in the last quarter. 3.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at U-Haul

In related news, Director John P. Brogan sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $67.04, for a total transaction of $201,120.00. Following the transaction, the director now directly owns 40,987 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, major shareholder Mark V. Shoen sold 12,500 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 667,500 shares of the company’s stock, valued at approximately $43,961,550. The trade was a 1.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,000 shares of company stock valued at $1,837,245. 50.10% of the stock is owned by corporate insiders.

U-Haul Price Performance

Shares of NASDAQ:UHAL opened at $60.60 on Friday. The company has a 50 day moving average of $66.10 and a 200 day moving average of $69.89. The stock has a market cap of $11.88 billion, a P/E ratio of 28.05 and a beta of 1.10. The company has a current ratio of 2.03, a quick ratio of 1.83 and a debt-to-equity ratio of 0.89. U-Haul Holding has a 12 month low of $56.28 and a 12 month high of $79.04.

U-Haul Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were given 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.