GAMMA Investing LLC Buys 55,827 Shares of Gentherm Inc (NASDAQ:THRM)

GAMMA Investing LLC grew its position in shares of Gentherm Inc (NASDAQ:THRM - Free Report) by 11,463.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,314 shares of the auto parts company's stock after purchasing an additional 55,827 shares during the quarter. GAMMA Investing LLC owned about 0.18% of Gentherm worth $1,506,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in THRM. Raymond James Financial Inc. bought a new position in Gentherm during the 4th quarter worth approximately $15,400,000. HITE Hedge Asset Management LLC bought a new position in Gentherm during the 4th quarter worth approximately $9,832,000. Segall Bryant & Hamill LLC grew its position in shares of Gentherm by 42.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 525,026 shares of the auto parts company's stock worth $20,962,000 after buying an additional 157,544 shares during the period. Global Alpha Capital Management Ltd. grew its position in shares of Gentherm by 23.8% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 782,983 shares of the auto parts company's stock worth $31,261,000 after buying an additional 150,310 shares during the period. Finally, Trigran Investments Inc. grew its position in shares of Gentherm by 7.3% during the 4th quarter. Trigran Investments Inc. now owns 1,990,938 shares of the auto parts company's stock worth $79,488,000 after buying an additional 135,458 shares during the period. Institutional investors own 97.13% of the company's stock.

Gentherm Stock Down 0.1%

NASDAQ THRM traded down $0.03 during mid-day trading on Wednesday, hitting $27.44. The company's stock had a trading volume of 314,304 shares, compared to its average volume of 260,607. The company's 50 day simple moving average is $26.45 and its 200 day simple moving average is $32.42. Gentherm Inc has a twelve month low of $22.75 and a twelve month high of $56.68. The company has a current ratio of 2.16, a quick ratio of 1.49 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $846.80 million, a price-to-earnings ratio of 17.15 and a beta of 1.42.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The auto parts company reported $0.51 earnings per share (EPS) for the quarter, beating 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 business had revenue of $353.85 million during the quarter, compared to the consensus estimate of $347.39 million. During the same quarter last year, the firm posted $0.62 EPS. Gentherm's revenue was down .6% compared to the same quarter last year. Analysts anticipate that Gentherm Inc will post 3.1 earnings per share for the current year.

Insider Activity at Gentherm

In related news, CEO William T. Presley acquired 3,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were acquired at an average cost of $24.67 per share, for a total transaction of $74,010.00. Following the purchase, the chief executive officer now owns 161,103 shares in the company, valued at approximately $3,974,411.01. The trade was a 1.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

THRM has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 26th. Robert W. Baird raised their price objective on shares of Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th.

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.