James Zizelman Purchases 6,500 Shares of Stoneridge, Inc. (NYSE:SRI) Stock

Stoneridge, Inc. (NYSE:SRI) CEO James Zizelman bought 6,500 shares of the stock in a transaction on Tuesday, May 7th. The shares were acquired at an average cost of $15.72 per share, for a total transaction of $102,180.00. Following the completion of the transaction, the chief executive officer now directly owns 6,500 shares of the company’s stock, valued at $102,180. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Stoneridge Stock Performance

SRI traded up $0.24 during trading on Wednesday, reaching $15.81. 77,662 shares of the company’s stock were exchanged, compared to its average volume of 105,735. Stoneridge, Inc. has a fifty-two week low of $14.18 and a fifty-two week high of $24.51. The company has a market capitalization of $437.48 million, a P/E ratio of -111.21 and a beta of 1.41. The company has a quick ratio of 1.40, a current ratio of 2.39 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average price of $16.60 and a 200 day moving average price of $17.26.

Stoneridge (NYSE:SRI) last posted its earnings results on Wednesday, May 1st. The auto parts company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). The business had revenue of $239.20 million during the quarter, compared to the consensus estimate of $223.20 million. Stoneridge had a negative net margin of 0.41% and a positive return on equity of 0.84%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.25) EPS. As a group, analysts predict that Stoneridge, Inc. will post 0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stoneridge

Hedge funds and other institutional investors have recently modified their holdings of the stock. Roubaix Capital LLC bought a new position in shares of Stoneridge in the third quarter valued at about $2,529,000. Ranger Investment Management L.P. raised its position in shares of Stoneridge by 35.1% during the fourth quarter. Ranger Investment Management L.P. now owns 373,180 shares of the auto parts company’s stock worth $7,303,000 after acquiring an additional 97,051 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Stoneridge by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,531,421 shares of the auto parts company’s stock valued at $29,970,000 after acquiring an additional 61,849 shares during the period. Frontier Capital Management Co. LLC increased its position in Stoneridge by 2.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,197,542 shares of the auto parts company’s stock worth $43,006,000 after purchasing an additional 43,602 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Stoneridge during the 3rd quarter valued at about $690,000. Institutional investors own 98.07% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Stoneridge from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Stoneridge Company Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.