John Mulder, Gentex (GNTX)’s insider Sold 5,000 Shares; MAIL RU GROUP SPONSORED GDR REG S VIRGI (MLRYY) Shorts Down By 9.87%

June 22, 2018 - By Clifton Ray

Gentex Corporation (NASDAQ:GNTX) Logo

MAIL RU GROUP SPONSORED GDR REG S VIRGI (OTCMKTS:MLRYY) had a decrease of 9.87% in short interest. MLRYY’s SI was 248,400 shares in June as released by FINRA. Its down 9.87% from 275,600 shares previously. With 500 avg volume, 497 days are for MAIL RU GROUP SPONSORED GDR REG S VIRGI (OTCMKTS:MLRYY)’s short sellers to cover MLRYY’s short positions. The SI to MAIL RU GROUP SPONSORED GDR REG S VIRGI’s float is 0.24%. It closed at $27.7 lastly. It is down 0.00% since June 22, 2017 and is . It has underperformed by 12.57% the S&P500.

More news for Gentex Corporation (NASDAQ:GNTX) were recently published by: Globenewswire.com, which released: “Jaguar Land Rover Honors Gentex for Supplier Excellence” on June 14, 2018. Globenewswire.com‘s article titled: “New Research Coverage Highlights Sensient Technologies, OraSure Technologies, Gentex, Anixter International ..” and published on June 19, 2018 is yet another important article.

Since January 29, 2018, it had 0 buys, and 9 selling transactions for $24.82 million activity. On Tuesday, January 30 the insider Nash Kevin C sold $184,282. The insider Matthews Joseph E IV sold $23,860. 7,220 Gentex Corporation (NASDAQ:GNTX) shares with value of $170,823 were sold by Ryan Scott P. The insider Hoekstra Peter sold 47,000 shares worth $1.11 million. 12,000 shares were sold by GOODE GARY F, worth $280,968 on Monday, January 29. Wallace James H also sold $280,776 worth of Gentex Corporation (NASDAQ:GNTX) shares. SOTOK FREDERICK A also sold $91,665 worth of Gentex Corporation (NASDAQ:GNTX) on Wednesday, May 2.

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on July, 20. They expect $0.41 earnings per share, up 32.26% or $0.10 from last year’s $0.31 per share. GNTX’s profit will be $112.28M for 14.98 P/E if the $0.41 EPS becomes a reality. After $0.40 actual earnings per share reported by Gentex Corporation for the previous quarter, Wall Street now forecasts 2.50% EPS growth.

Gentex Corporation designs, develops, makes, and markets 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 worldwide. The company has market cap of $6.73 billion. It offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers. It has a 16.61 P/E ratio. The firm also provides photoelectric smoke detectors and alarms, audible and visual signaling alarms, photoelectric smoke detectors and electrochemical carbon monoxide alarms, electrochemical carbon monoxide detectors and alarms, and bells and speakers for use in fire detection systems in office buildings, hotels, and other commercial and residential establishments.

Among 8 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Gentex Corp has $29.0 highest and $14 lowest target. $25’s average target is 1.79% above currents $24.56 stock price. Gentex Corp had 26 analyst reports since October 20, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, January 23 by Robert W. Baird. The firm has “Buy” rating given on Monday, March 12 by FBR Capital. The firm has “Hold” rating by Craig Hallum given on Monday, July 24. The firm earned “Neutral” rating on Monday, December 19 by Susquehanna. The rating was maintained by FBR Capital with “Buy” on Tuesday, March 27. The rating was maintained by FBR Capital on Friday, October 21 with “Outperform”. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, October 12. Susquehanna maintained it with “Hold” rating and $2500 target in Sunday, April 22 report. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, August 23. The firm has “Buy” rating by FBR Capital given on Tuesday, January 2.

The stock decreased 1.80% or $0.45 during the last trading session, reaching $24.56. About 1.42 million shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 23.70% since June 22, 2017 and is uptrending. It has outperformed by 11.13% the S&P500. Some Historical GNTX News: 09/03/2018 – GENTEX – CAPITAL ALLOCATION STRATEGY INCLUDES DEBT REPAYMENT OF $78 MLN DURING FIRST THREE QTRS OF 2018; 20/04/2018 – Gentex 1Q Profit Rises 14% But Revenue Below Expectations; 08/05/2018 – FCA US Honors Gentex for Supplier Performance; 20/04/2018 – DJ Gentex Corporation, Inst Holders, 1Q 2018 (GNTX); 04/05/2018 – Gentex Recognized as 2017 Supplier of the Year by General Motors; 09/03/2018 – GENTEX – TARGETED TOTAL CASH POSITION LOWERED FROM $700 MLN TO $525 MLN; 20/04/2018 – GENTEX 1Q EPS 40C, EST. 40C; 20/04/2018 – Gentex $GNTX and Caesarstone $CSTE and Mercury $MRCY are all the same scheme, focus on inventory and gross margins. We took a closer look into $MRCY and its inventory (and obligations) vs. NTM backlog; 20/04/2018 – GENTEX CORP – CONTINUES TO MAINTAIN PREVIOUSLY ANNOUNCED ANNUAL GUIDANCE FOR REVENUE, GROSS MARGIN, CAPEX, AMONG OTHERS FOR 2018; 20/04/2018 – GENTEX CORP – LIGHT VEHICLE PRODUCTION FOR THE REMAINDER OF 2018 IS CURRENTLY FORECASTED TO IMPROVE, ESPECIALLY IN SECOND HALF OF THE YEAR

Today, the shareholder of Gentex Corp, Mr. John Mulder, unloaded number of shares – 5,000, amounting to $125,015 USD, based on an average price of $25.0 for a share. The transaction was made on June 21, 2018 and this act was unveiled in a Form 4 which was filed with the U.S. SEC. This Form 4 is obtainable online here. John Mulder holds around 0.01% of Gentex Corp’s stock market cap or 31,304 shares.

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