Bridge City Capital LLC Sells 17,915 Shares of Gentherm Incorporated (NASDAQ:THRM)

Bridge City Capital LLC trimmed its stake in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,173 shares of the auto parts company's stock after selling 17,915 shares during the period. Bridge City Capital LLC owned approximately 0.33% of Gentherm worth $2,732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chatham Capital Group Inc. increased its holdings in shares of Gentherm by 4.0% in the 1st quarter. Chatham Capital Group Inc. now owns 46,112 shares of the auto parts company's stock worth $1,233,000 after buying an additional 1,760 shares during the last quarter. Rhumbline Advisers grew its position in Gentherm by 0.7% in the first quarter. Rhumbline Advisers now owns 91,414 shares of the auto parts company's stock worth $2,444,000 after acquiring an additional 656 shares in the last quarter. GAMMA Investing LLC increased its stake in Gentherm by 11,463.4% in the first quarter. GAMMA Investing LLC now owns 56,314 shares of the auto parts company's stock valued at $1,506,000 after acquiring an additional 55,827 shares during the last quarter. Moody National Bank Trust Division raised its position in Gentherm by 7.7% during the first quarter. Moody National Bank Trust Division now owns 19,169 shares of the auto parts company's stock valued at $513,000 after purchasing an additional 1,378 shares in the last quarter. Finally, Versant Capital Management Inc bought a new stake in Gentherm during the first quarter worth about $28,000. 97.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO William T. Presley bought 3,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average cost of $24.67 per share, with a total value of $74,010.00. Following the completion of the purchase, the chief executive officer now directly owns 161,103 shares in the company, valued at $3,974,411.01. This represents a 1.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on THRM. Robert W. Baird increased their price objective on Gentherm from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Wall Street Zen cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th.

Gentherm Trading Up 0.3%

Gentherm stock traded up $0.08 during mid-day trading on Thursday, hitting $28.22. The company's stock had a trading volume of 141,650 shares, compared to its average volume of 258,196. The business has a 50 day moving average price of $26.15 and a 200-day moving average price of $32.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. Gentherm Incorporated has a 12 month low of $22.75 and a 12 month high of $56.68. The stock has a market cap of $870.87 million, a price-to-earnings ratio of 13.63 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last released its earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The company had revenue of $353.85 million during the quarter, compared to analyst estimates of $347.39 million. During the same quarter in the previous year, the company posted $0.62 EPS. Gentherm's revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts forecast that Gentherm Incorporated will post 3.1 EPS for the current year.

Gentherm 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.