Bailard Inc. Buys Shares of 13,300 Standard Motor Products, Inc. (NYSE:SMP)

Bailard Inc. acquired a new position in Standard Motor Products, Inc. (NYSE:SMP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,300 shares of the auto parts company's stock, valued at approximately $332,000. Bailard Inc. owned 0.06% of Standard Motor Products as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new stake in shares of Standard Motor Products during the 4th quarter worth approximately $30,000. Central Pacific Bank Trust Division grew its holdings in Standard Motor Products by 68.0% during the first quarter. Central Pacific Bank Trust Division now owns 4,200 shares of the auto parts company's stock valued at $105,000 after purchasing an additional 1,700 shares during the period. Harbor Capital Advisors Inc. bought a new position in Standard Motor Products during the first quarter valued at $110,000. Polymer Capital Management US LLC purchased a new stake in Standard Motor Products in the fourth quarter worth $239,000. Finally, Magnetar Financial LLC bought a new stake in shares of Standard Motor Products in the fourth quarter valued at $244,000. 81.26% of the stock is currently owned by hedge funds and other institutional investors.

Standard Motor Products Stock Performance

Shares of NYSE SMP traded down $0.23 during trading on Thursday, reaching $33.00. 139,982 shares of the stock traded hands, compared to its average volume of 143,594. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.32 and a quick ratio of 0.86. The stock has a market capitalization of $725.32 million, a P/E ratio of 23.57 and a beta of 0.65. Standard Motor Products, Inc. has a 52-week low of $21.38 and a 52-week high of $35.92. The company has a 50-day moving average of $31.01 and a 200-day moving average of $28.93.

Standard Motor Products (NYSE:SMP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The auto parts company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.37. The business had revenue of $413.38 million for the quarter, compared to analysts' expectations of $394.38 million. Standard Motor Products had a return on equity of 12.12% and a net margin of 2.02%. The firm's quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. Analysts forecast that Standard Motor Products, Inc. will post 3.08 EPS for the current fiscal year.

Standard Motor Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a dividend of $0.31 per share. This is a boost from Standard Motor Products's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Thursday, May 15th. Standard Motor Products's dividend payout ratio is presently 88.57%.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.