Insider Buying: Stoneridge, Inc. (NYSE:SRI) CEO Buys 6,500 Shares of Stock

Stoneridge, Inc. (NYSE:SRI - Get Free Report) CEO James Zizelman acquired 6,500 shares of the stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $15.72 per share, with a total value of $102,180.00. Following the completion of the transaction, the chief executive officer now owns 6,500 shares in the company, valued at approximately $102,180. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Stoneridge Stock Up 1.3 %

Shares of Stoneridge stock traded up $0.21 during trading on Wednesday, reaching $15.78. 253,622 shares of the company traded hands, compared to its average volume of 107,767. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.39 and a quick ratio of 1.40. The company has a 50 day moving average price of $16.55 and a 200-day moving average price of $17.25. Stoneridge, Inc. has a 1-year low of $14.18 and a 1-year high of $24.51. The firm has a market capitalization of $436.65 million, a PE ratio of -112.71 and a beta of 1.41.

Stoneridge (NYSE:SRI - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The auto parts company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.05). Stoneridge had a positive return on equity of 0.84% and a negative net margin of 0.41%. The business had revenue of $239.20 million for the quarter, compared to analyst estimates of $223.20 million. During the same quarter in the previous year, the company posted ($0.25) EPS. The business's quarterly revenue was down .9% on a year-over-year basis. As a group, equities research analysts expect that Stoneridge, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Stoneridge from a "buy" rating to a "hold" rating in a research report on Friday, March 1st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. AJOVista LLC purchased a new stake in shares of Stoneridge in the fourth quarter valued at about $42,000. Gladius Capital Management LP purchased a new stake in shares of Stoneridge in the fourth quarter valued at about $76,000. New York State Common Retirement Fund raised its holdings in shares of Stoneridge by 34.7% in the third quarter. New York State Common Retirement Fund now owns 10,254 shares of the auto parts company's stock valued at $206,000 after purchasing an additional 2,644 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Stoneridge in the third quarter valued at about $227,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Stoneridge in the third quarter valued at about $256,000. Institutional investors and hedge funds own 98.07% of the company's stock.

About Stoneridge

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.