American Capital Management Inc buys $33,442,293 stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : American Capital Management Inc scooped up 82,176 additional shares in Gentex Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 2,084,931 shares of Gentex Corporation which is valued at $33,442,293.Gentex Corporation makes up approximately 3.03% of American Capital Management Inc’s portfolio.

Gentex Corporation opened for trading at $16.16 and hit $16.27 on the upside on Monday, eventually ending the session at $16.22, with a gain of 1.12% or 0.18 points. The heightened volatility saw the trading volume jump to 33,75,095 shares. Company has a market cap of $4,686 M.

Other Hedge Funds, Including , North Point Portfolio Managers Corpoh reduced its stake in GNTX by selling 19,389 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 830,506 shares of GNTX which is valued at $13,321,316. Gentex Corporation makes up approx 2.56% of North Point Portfolio Managers Corpoh’s portfolio.Kirr Marbach Co In reduced its stake in GNTX by selling 1,255 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 643,069 shares of GNTX which is valued at $10,199,074. Gentex Corporation makes up approx 2.06% of Kirr Marbach Co In’s portfolio.Highland Capital Management reduced its stake in GNTX by selling 150 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 188,230 shares of GNTX which is valued at $2,936,388. Gentex Corporation makes up approx 0.25% of Highland Capital Management’s portfolio.Gemmer Asset Management reduced its stake in GNTX by selling 57 shares or 9.93% in the most recent quarter. The Hedge Fund company now holds 517 shares of GNTX which is valued at $8,065. Crestpoint Capital Management added GNTX to its portfolio by purchasing 10,100 company shares during the most recent quarter which is valued at $157,560. Gentex Corporation makes up approx 0.09% of Crestpoint Capital Management’s portfolio.

On the company’s financial health, Gentex Corporation reported $0.28 EPS for the quarter, based on the information available during the earnings call on Apr 22, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $405.60 million for the quarter, compared to analysts expectations of $405.01 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Gentex Corporation. Shares were Downgraded by Robert W. Baird on Jan 27, 2016 to ” Neutral” and Lowered the Price Target to $ 14 from a previous price target of $22 .

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry dimmable aircraft windows for the aviation industry and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business involves designing developing manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. It also designs develops and manufactures various electronics features that are additive to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its product to all of the automotive producing regions across the world.

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