GAMMA Investing LLC Has $2.20 Million Position in CTS Corporation (NYSE:CTS)

GAMMA Investing LLC boosted its position in shares of CTS Corporation (NYSE:CTS - Free Report) by 7,434.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,893 shares of the electronics maker's stock after purchasing an additional 52,191 shares during the quarter. GAMMA Investing LLC owned 0.18% of CTS worth $2,198,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CTS. Versant Capital Management Inc raised its position 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 worth $74,000 after purchasing an additional 1,530 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CTS by 11.0% in 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 buying an additional 6,269 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of CTS by 11.4% in the fourth quarter. Two Sigma Advisers LP now owns 7,800 shares of the electronics maker's stock valued at $411,000 after buying an additional 800 shares during the period. ProShare Advisors LLC increased its position 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 worth $478,000 after acquiring an additional 2,786 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 worth $903,000 after acquiring an additional 651 shares during the period. Institutional investors own 96.87% of the company's stock.

CTS Stock Down 0.9%

Shares of NYSE:CTS traded down $0.37 during mid-day trading on Tuesday, reaching $41.48. 104,914 shares of the stock were exchanged, compared to its average volume of 158,636. The stock's 50 day simple moving average is $40.19 and its 200-day simple moving average is $45.34. CTS Corporation has a one year low of $34.02 and a one year high of $59.68. The company has a market cap of $1.24 billion, a P/E ratio of 20.95 and a beta of 0.80. The company has a quick ratio of 2.05, a current ratio of 2.63 and a debt-to-equity ratio of 0.16.

CTS (NYSE:CTS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.05). The firm had revenue of $125.77 million for the quarter, compared to analyst estimates of $128.72 million. CTS had a return on equity of 12.32% and a net margin of 11.70%. As a group, equities research analysts predict that CTS Corporation will post 2.28 EPS for the current year.

CTS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, June 27th will be paid a $0.04 dividend. 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 payout ratio is currently 8.08%.

Wall Street Analysts Forecast Growth

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

CTS Company 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.