GAMMA Investing LLC Boosts Stock Position in CTS Co. (NYSE:CTS)

GAMMA Investing LLC grew its position in shares of CTS Co. (NYSE:CTS - Free Report) by 7,434.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,893 shares of the electronics maker's stock after acquiring an additional 52,191 shares during the quarter. GAMMA Investing LLC owned about 0.18% of CTS worth $2,198,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in shares of CTS by 581.7% during the first quarter. Versant Capital Management Inc now owns 1,793 shares of the electronics maker's stock valued at $74,000 after acquiring an additional 1,530 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CTS by 11.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,154 shares of the electronics maker's stock valued at $3,330,000 after acquiring an additional 6,269 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of CTS by 11.4% during the fourth quarter. Two Sigma Advisers LP now owns 7,800 shares of the electronics maker's stock valued at $411,000 after acquiring an additional 800 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of CTS by 44.3% during the fourth quarter. ProShare Advisors LLC now owns 9,072 shares of the electronics maker's stock valued at $478,000 after acquiring an additional 2,786 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CTS by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,119 shares of the electronics maker's stock valued at $903,000 after acquiring an additional 651 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded CTS from a "buy" rating to a "hold" rating in a report on Friday, May 30th.

CTS Stock Down 3.4%

CTS stock traded down $1.45 during trading on Friday, hitting $41.10. 116,527 shares of the company were exchanged, compared to its average volume of 158,509. The business's 50 day moving average is $40.06 and its 200 day moving average is $45.49. CTS Co. has a 52 week low of $34.02 and a 52 week high of $59.68. The company has a market capitalization of $1.23 billion, a P/E ratio of 21.63 and a beta of 0.80. The company has a current ratio of 2.50, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17.

CTS (NYSE:CTS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.05). CTS had a return on equity of 12.67% and a net margin of 11.27%. The company had revenue of $125.77 million for the quarter, compared to the consensus estimate of $128.72 million. Analysts predict that CTS Co. will post 2.28 earnings per share for the current year.

CTS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, June 27th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.16 annualized dividend and a yield of 0.39%. CTS's dividend payout ratio (DPR) is currently 8.08%.

CTS Profile

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides encoders, rotary position sensors, slide potentiometers, industrial and commercial rotary potentiometers. It also provides non-contacting, and contacting pedals; and eBrake pedals.