GSA Capital Partners LLP Acquires 214,888 Shares of Stoneridge, Inc. (NYSE:SRI)

GSA Capital Partners LLP grew its position in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) by 366.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,563 shares of the auto parts company's stock after purchasing an additional 214,888 shares during the period. GSA Capital Partners LLP owned approximately 0.98% of Stoneridge worth $1,256,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SRI. Federated Hermes Inc. bought a new position in Stoneridge during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC raised its holdings in shares of Stoneridge by 2,684.5% during the 1st quarter. GAMMA Investing LLC now owns 6,293 shares of the auto parts company's stock worth $29,000 after acquiring an additional 6,067 shares in the last quarter. CWM LLC raised its holdings in shares of Stoneridge by 580.6% during the 1st quarter. CWM LLC now owns 12,849 shares of the auto parts company's stock worth $59,000 after acquiring an additional 10,961 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of Stoneridge during the 4th quarter valued at approximately $63,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Stoneridge by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company's stock valued at $100,000 after purchasing an additional 3,490 shares in the last quarter. Hedge funds and other institutional investors own 98.07% of the company's stock.

Stoneridge Trading Down 4.5%

SRI stock traded down $0.35 during midday trading on Friday, reaching $7.35. 250,839 shares of the company traded hands, compared to its average volume of 379,631. The firm has a market capitalization of $204.70 million, a price-to-earnings ratio of -11.48 and a beta of 1.44. Stoneridge, Inc. has a 52-week low of $3.54 and a 52-week high of $16.85. The business has a 50 day moving average of $6.69 and a 200-day moving average of $5.38. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.52 and a current ratio of 2.39.

Stoneridge (NYSE:SRI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.02). Stoneridge had a negative return on equity of 4.66% and a negative net margin of 1.98%. The company had revenue of $217.89 million during the quarter, compared to the consensus estimate of $212.42 million. As a group, sell-side analysts expect that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SRI shares. Wall Street Zen upgraded shares of Stoneridge from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Barrington Research restated an "outperform" rating and issued a $16.00 target price on shares of Stoneridge in a report on Thursday, July 10th.

Stoneridge Company Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.