Summit Creek Advisors buys $19,531,283 stake in Gentherm Inc (THRM)

Gentherm Inc (THRM) : Summit Creek Advisors scooped up 73,077 additional shares in Gentherm Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 457,300 shares of Gentherm Inc which is valued at $19,531,283.Gentherm Inc makes up approximately 3.02% of Summit Creek Advisors’s portfolio.

Gentherm Inc closed down -0.39 points or -0.90% at $42.71 with 4,06,224 shares getting traded on Friday. Post opening the session at $42.89, the shares hit an intraday low of $42.51 and an intraday high of $43.21 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Thomson Horstmann Bryant Inc reduced its stake in THRM by selling 2,650 shares or 20.26% in the most recent quarter. The Hedge Fund company now holds 10,430 shares of THRM which is valued at $445,465. Gentherm Inc makes up approx 0.05% of Thomson Horstmann Bryant Inc’s portfolio.Simplex Trading reduced its stake in THRM by selling 531 shares or 59.93% in the most recent quarter. The Hedge Fund company now holds 355 shares of THRM which is valued at $15,091.Capstone Asset Management Co reduced its stake in THRM by selling 560 shares or 4.36% in the most recent quarter. The Hedge Fund company now holds 12,280 shares of THRM which is valued at $522,023. Gentherm Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Central Bank Trust Co reduced its stake in THRM by selling 1,340 shares or 1.69% in the most recent quarter. The Hedge Fund company now holds 78,027 shares of THRM which is valued at $3,316,928. Gentherm Inc makes up approx 0.92% of Central Bank Trust Co’s portfolio.New England Research Management boosted its stake in THRM in the latest quarter, The investment management firm added 561 additional shares and now holds a total of 8,045 shares of Gentherm Inc which is valued at $325,581. Gentherm Inc makes up approx 0.28% of New England Research Management’s portfolio.

On the company’s financial health, Gentherm Inc reported $0.58 EPS for the quarter, based on the information available during the earnings call on Feb 19, 2016. Analyst had a consensus estimate of $0.58. The company had revenue of $212.30 million for the quarter, compared to analysts expectations of $217.08 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Gentherm Incorporated (Gentherm) is engaged in the design development and manufacturing of thermal management technologies. The Company’s segments are: Automotive Industrial. The Automotive segment represents Gentherm’s three geographic operating segments: North America Europe and Asia. The Automotive segment includes automotive seat comfort systems specialized automotive cable systems and other automotive and non-automotive thermal convenience products. The Industrial segment includes Gentherm Global Power Technologies (GPT) and Gentherm’s advanced research and product development division. The advanced research and product development division is engaged in projects to improve the efficiency of thermal management technologies and to develop market and distribute products based on these new technologies.

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