Van Berkom Associates buys $57,755,380 stake in Gentherm Inc (THRM)

Gentherm Inc (THRM) : Van Berkom Associates scooped up 346,873 additional shares in Gentherm Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 1,550,480 shares of Gentherm Inc which is valued at $57,755,380.Gentherm Inc makes up approximately 2.52% of Van Berkom Associates’s portfolio.

Other Hedge Funds, Including , Rockefeller Financial Services Inc boosted its stake in THRM in the latest quarter, The investment management firm added 45,426 additional shares and now holds a total of 381,369 shares of Gentherm Inc which is valued at $14,205,995. Gentherm Inc makes up approx 0.27% of Rockefeller Financial Services Inc’s portfolio.Eagle Asset Management Inc reduced its stake in THRM by selling 23,629 shares or 20.97% in the most recent quarter. The Hedge Fund company now holds 89,071 shares of THRM which is valued at $3,304,534. Gentherm Inc makes up approx 0.02% of Eagle Asset Management Inc’s portfolio. Arcadia Investment Management Corpmi added THRM to its portfolio by purchasing 498 company shares during the most recent quarter which is valued at $18,745. Gentherm Inc makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio.Nisa Investment Advisors reduced its stake in THRM by selling 10,000 shares or 95.24% in the most recent quarter. The Hedge Fund company now holds 500 shares of THRM which is valued at $18,820.

Gentherm Inc opened for trading at $36.9 and hit $37.28 on the upside on Wednesday, eventually ending the session at $37.1, with a gain of 0.71% or 0.26 points. The heightened volatility saw the trading volume jump to 1,33,490 shares. Company has a market cap of $1,352 M.

On the company’s financial health, Gentherm Inc reported $0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $215.70 million for the quarter, compared to analysts expectations of $224.02 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 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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