Thompson Davis buys $487,424 stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Thompson Davis scooped up 345 additional shares in Gentex Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 27,200 shares of Gentex Corporation which is valued at $487,424.Gentex Corporation makes up approximately 0.74% of Thompson Davis’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in GNTX in the latest quarter, The investment management firm added 4,918 additional shares and now holds a total of 40,565 shares of Gentex Corporation which is valued at $726,925.California State Teachers Retirement System reduced its stake in GNTX by selling 28,463 shares or 4.49% in the most recent quarter. The Hedge Fund company now holds 605,330 shares of GNTX which is valued at $10,502,476. Gentex Corporation makes up approx 0.02% of California State Teachers Retirement System’s portfolio.Rk Asset Management reduced its stake in GNTX by selling 15,977 shares or 2.33% in the most recent quarter. The Hedge Fund company now holds 670,755 shares of GNTX which is valued at $10,792,448. Gentex Corporation makes up approx 9.46% of Rk Asset Management’s portfolio.

Gentex Corporation closed down -0.09 points or -0.50% at $17.97 with 16,01,465 shares getting traded on Wednesday. Post opening the session at $18.06, the shares hit an intraday low of $17.885 and an intraday high of $18.07 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Gentex Corporation reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.29. The company had revenue of $423.80 million for the quarter, compared to analysts expectations of $416.74 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

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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