United Capital Financial Advisers LLC cut its stake in shares of Gentex Co. (NASDAQ:GNTX – Get Rating) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,674 shares of the auto parts company’s stock after selling 569 shares during the period. United Capital Financial Advisers LLC’s holdings in Gentex were worth $207,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its holdings in Gentex by 659.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,094 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 950 shares in the last quarter. Wagner Wealth Management LLC acquired a new position in Gentex during the second quarter worth approximately $28,000. Wipfli Financial Advisors LLC purchased a new position in Gentex in the third quarter valued at approximately $48,000. Covestor Ltd lifted its stake in shares of Gentex by 79.2% during the first quarter. Covestor Ltd now owns 1,887 shares of the auto parts company’s stock worth $55,000 after purchasing an additional 834 shares in the last quarter. Finally, Wahed Invest LLC purchased a new position in shares of Gentex in the second quarter valued at $64,000. 83.80% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Kevin C. Nash sold 6,776 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $29.42, for a total value of $199,349.92. Following the completion of the transaction, the chief financial officer now owns 22,597 shares of the company’s stock, valued at approximately $664,803.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, General Counsel Scott P. Ryan sold 9,895 shares of the company’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $28.29, for a total transaction of $279,929.55. Following the completion of the transaction, the general counsel now directly owns 20,631 shares in the company, valued at approximately $583,650.99. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin C. Nash sold 6,776 shares of Gentex stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $29.42, for a total transaction of $199,349.92. Following the sale, the chief financial officer now owns 22,597 shares in the company, valued at approximately $664,803.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,643 shares of company stock valued at $1,050,188. 0.16% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Gentex Stock Performance
Shares of NASDAQ:GNTX opened at $28.20 on Thursday. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.07 and a beta of 0.92. Gentex Co. has a 1-year low of $23.28 and a 1-year high of $31.48. The company has a 50 day moving average price of $28.56 and a 200 day moving average price of $27.31.
Gentex Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 19th. Investors of record on Friday, April 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.70%. Gentex’s dividend payout ratio (DPR) is 35.29%.
About Gentex
Gentex Corp. is a technology company, which engages in the design, development, and manufacture and supply of digital vision, connected car, dimmable glass, and fire protection products. The firm operates through Automotive Products and Other segments. The Automotive Products segment operates in virtually all the foregoing facilities.
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