Redmond Asset Management buys $2,839,193 stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Redmond Asset Management scooped up 2,370 additional shares in Gentex Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 157,035 shares of Gentex Corporation which is valued at $2,839,193.Gentex Corporation makes up approximately 1.35% of Redmond Asset Management’s portfolio.

Other Hedge Funds, Including , Janus Capital Management boosted its stake in GNTX in the latest quarter, The investment management firm added 46,346 additional shares and now holds a total of 63,632 shares of Gentex Corporation which is valued at $1,150,467.Parsons Capital Management Incri boosted its stake in GNTX in the latest quarter, The investment management firm added 19,920 additional shares and now holds a total of 140,300 shares of Gentex Corporation which is valued at $2,536,624. Gentex Corporation makes up approx 0.33% of Parsons Capital Management Incri’s portfolio. River Road Asset Management sold out all of its stake in GNTX during the most recent quarter. The investment firm sold 249,083 shares of GNTX which is valued $4,408,769.American Research Management reduced its stake in GNTX by selling 5,300 shares or 4.32% in the most recent quarter. The Hedge Fund company now holds 117,275 shares of GNTX which is valued at $2,072,249. Gentex Corporation makes up approx 0.77% of American Research Management’s portfolio.Rice Hall James Associates reduced its stake in GNTX by selling 421 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 142,369 shares of GNTX which is valued at $2,589,692. Gentex Corporation makes up approx 0.14% of Rice Hall James Associates’s portfolio.

Gentex Corporation opened for trading at $17.91 and hit $18.045 on the upside on Monday, eventually ending the session at $17.97, with a gain of 0.50% or 0.09 points. The heightened volatility saw the trading volume jump to 19,99,161 shares. Company has a market cap of $5,154 M.

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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