Gentherm Inc (NASDAQ:THRM) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in Gentherm Inc (NASDAQ:THRM) by 332.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,106 shares of the auto parts company’s stock after purchasing an additional 1,619 shares during the quarter. GAMMA Investing LLC’s holdings in Gentherm were worth $56,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of THRM. Signaturefd LLC raised its stake in Gentherm by 233.8% during the fourth quarter. Signaturefd LLC now owns 661 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 463 shares during the period. Versant Capital Management Inc acquired a new stake in shares of Gentherm in the first quarter valued at approximately $28,000. Quarry LP increased its stake in shares of Gentherm by 226.8% in the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 1,218 shares during the period. Headlands Technologies LLC increased its stake in shares of Gentherm by 117.1% in the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company’s stock valued at $73,000 after purchasing an additional 991 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Gentherm in the fourth quarter valued at approximately $205,000. Institutional investors and hedge funds own 97.13% of the company’s stock.

Gentherm Stock Up 1.1%

Gentherm stock opened at $30.59 on Thursday. The company has a market capitalization of $944.01 million, a P/E ratio of 19.12 and a beta of 1.42. The firm’s fifty day simple moving average is $27.85 and its 200-day simple moving average is $31.15. The company has a current ratio of 2.16, a quick ratio of 1.49 and a debt-to-equity ratio of 0.41. Gentherm Inc has a 1-year low of $22.75 and a 1-year high of $56.68.

Gentherm (NASDAQ:THRM) last announced its earnings results on Thursday, April 24th. The auto parts company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Gentherm had a net margin of 3.44% and a return on equity of 10.81%. The firm had revenue of $353.85 million for the quarter, compared to the consensus estimate of $347.39 million. During the same quarter last year, the firm posted $0.62 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts forecast that Gentherm Inc will post 3.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO William T. Presley bought 3,000 shares of Gentherm stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the completion of the transaction, the chief executive officer owned 161,103 shares of the company’s stock, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased their price objective on shares of Gentherm from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, April 25th.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.