Gentherm Incorporated (NASDAQ:THRM) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Gentherm Incorporated (NASDAQ:THRM - Free Report) by 11,463.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,314 shares of the auto parts company's stock after buying an additional 55,827 shares during the period. GAMMA Investing LLC owned approximately 0.18% of Gentherm worth $1,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of THRM. Signaturefd LLC grew its position in shares of Gentherm by 233.8% in the 4th quarter. Signaturefd LLC now owns 661 shares of the auto parts company's stock worth $26,000 after buying an additional 463 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Gentherm in the 1st quarter worth approximately $28,000. Quarry LP boosted its stake in Gentherm by 226.8% in the 4th quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock worth $70,000 after purchasing an additional 1,218 shares in the last quarter. Headlands Technologies LLC boosted its stake in Gentherm by 117.1% in the 4th quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock worth $73,000 after purchasing an additional 991 shares in the last quarter. Finally, Palouse Capital Management Inc. boosted its stake in Gentherm by 91.6% in the 4th quarter. Palouse Capital Management Inc. now owns 3,585 shares of the auto parts company's stock worth $143,000 after purchasing an additional 1,714 shares in the last quarter. Hedge funds and other institutional investors own 97.13% of the company's stock.

Gentherm Stock Performance

NASDAQ THRM traded down $0.78 on Friday, hitting $27.44. 198,872 shares of the company's stock traded hands, compared to its average volume of 259,180. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.36. Gentherm Incorporated has a 1-year low of $22.75 and a 1-year high of $56.68. The firm's 50-day moving average price is $26.29 and its two-hundred day moving average price is $32.72. The firm has a market capitalization of $846.80 million, a PE ratio of 13.26 and a beta of 1.42.

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

Insider Buying and Selling at Gentherm

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 stock was purchased 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 directly owns 161,103 shares in the company, valued at approximately $3,974,411.01. This trade represents a 1.90% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Gentherm from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Wall Street Zen cut shares of Gentherm from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 26th.

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.