Peregrine Capital Management LLC Has $4.43 Million Position in Stoneridge, Inc. (NYSE:SRI)

Peregrine Capital Management LLC reduced its stake in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 226,182 shares of the auto parts company's stock after selling 73,489 shares during the period. Peregrine Capital Management LLC owned 0.82% of Stoneridge worth $4,426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new stake in shares of Stoneridge during the 3rd quarter valued at approximately $35,000. Tower Research Capital LLC TRC raised its position in shares of Stoneridge by 173.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,205 shares of the auto parts company's stock valued at $37,000 after buying an additional 1,398 shares during the period. US Bancorp DE raised its position in shares of Stoneridge by 138.3% during the 1st quarter. US Bancorp DE now owns 2,342 shares of the auto parts company's stock valued at $48,000 after buying an additional 1,359 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Stoneridge during the 3rd quarter valued at approximately $59,000. Finally, Royal Bank of Canada raised its position in shares of Stoneridge by 69.6% during the 2nd quarter. Royal Bank of Canada now owns 3,319 shares of the auto parts company's stock valued at $62,000 after buying an additional 1,362 shares during the period. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Kim Korth sold 7,745 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $16.49, for a total transaction of $127,715.05. Following the completion of the transaction, the director now owns 73,227 shares in the company, valued at $1,207,513.23. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.40% of the company's stock.

Stoneridge Trading Down 3.6 %

NYSE SRI traded down $0.59 on Friday, reaching $15.94. The stock had a trading volume of 249,165 shares, compared to its average volume of 93,864. The firm has a market capitalization of $441.06 million, a price-to-earnings ratio of -83.21 and a beta of 1.39. The company has a quick ratio of 1.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.66. Stoneridge, Inc. has a 12-month low of $14.18 and a 12-month high of $24.51. The stock has a fifty day moving average price of $17.66 and a two-hundred day moving average price of $17.66.

Stoneridge (NYSE:SRI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The auto parts company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Stoneridge had a negative return on equity of 0.72% and a negative net margin of 0.53%. The business had revenue of $229.50 million for the quarter, compared to analyst estimates of $234.20 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The company's revenue was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that Stoneridge, Inc. will post 0.3 EPS for the current fiscal year.

Stoneridge 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.