Clark Estates Incny adds Gentex Corporation (GNTX) to its portfolio

Gentex Corporation (GNTX) : Clark Estates Incny added new position in Gentex Corporation during the most recent quarter end. The investment management firm now holds 150,000 shares of Gentex Corporation which is valued at $2,602,500 , the company said in a statement filed on Aug 1, 2016 with the SEC.Gentex Corporation makes up approximately 0.49% of Clark Estates Incny’s portfolio.

Other Hedge Funds, Including , Tradelink Capital sold out all of its stake in GNTX during the most recent quarter. The investment firm sold 19,223 shares of GNTX which is valued $333,519. Sanders Morris Harris sold out all of its stake in GNTX during the most recent quarter. The investment firm sold 62,426 shares of GNTX which is valued $1,135,529.

Gentex Corporation (GNTX) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $17.3 and reached the intraday high at $17.44. The bulls started the profit booking and pushed the shares to intraday low of $17.29. The trading session was marked by a volume range of 12,82,553 shares exchanging hands. The 52-week high of the shares is $18.25 and the 52-week low is $12.93. The market cap of the company stands at $5,011 M and there are 28,88,32,800 shares in public circulation.

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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