As Gentex (GNTX) Share Value Declined, Riverbridge Partners Has Boosted Its Stake by $11.25 Million; Sandy Spring Bancorp (Put) (SASR) Holder Berkley W R Has Boosted Position by $1.16 Million

February 24, 2018 - By Dolores Ford

Riverbridge Partners Llc increased its stake in Gentex Corporation (GNTX) by 12.65% based on its latest 2017Q3 regulatory filing with the SEC. Riverbridge Partners Llc bought 592,011 shares as the company’s stock declined 8.68% while stock markets rallied. The hedge fund held 5.27M shares of the o.e.m. company at the end of 2017Q3, valued at $104.41 million, up from 4.68M at the end of the previous reported quarter. Riverbridge Partners Llc who had been investing in Gentex Corporation for a number of months, seems to be bullish on the $6.44B market cap company. The stock increased 1.12% or $0.26 during the last trading session, reaching $23.47. About 1.18M shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since February 24, 2017 and is uptrending. It has outperformed by 2.93% the S&P500.

Berkley W R Corp increased its stake in Sandy Spring Bancorp Inc (Put) (SASR) by 291.75% based on its latest 2017Q3 regulatory filing with the SEC. Berkley W R Corp bought 28,300 shares as the company’s stock declined 8.58% while stock markets rallied. The institutional investor held 38,000 shares of the finance company at the end of 2017Q3, valued at $1.58M, up from 9,700 at the end of the previous reported quarter. Berkley W R Corp who had been investing in Sandy Spring Bancorp Inc (Put) for a number of months, seems to be bullish on the $1.40 billion market cap company. The stock increased 1.60% or $0.62 during the last trading session, reaching $39.38. About 111,226 shares traded. Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has risen 42.32% since February 24, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

Among 7 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Gentex Corp had 20 analyst reports since October 20, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, January 23 by Robert W. Baird. The rating was maintained by FBR Capital on Friday, October 21 with “Outperform”. The rating was downgraded by Craig Hallum on Monday, July 24 to “Hold”. As per Friday, October 20, the company rating was maintained by Robert W. Baird. FBR Capital maintained it with “Buy” rating and $2500 target in Wednesday, July 19 report. Robert W. Baird maintained it with “Outperform” rating and $21 target in Monday, October 23 report. The firm has “Outperform” rating given on Thursday, August 24 by Robert W. Baird. FBR Capital maintained the shares of GNTX in report on Tuesday, January 2 with “Buy” rating. As per Monday, January 29, the company rating was maintained by Craig Hallum. The stock has “Neutral” rating by Robert W. Baird on Wednesday, January 27.

Investors sentiment increased to 1.24 in 2017 Q3. Its up 0.32, from 0.92 in 2017Q2. It is positive, as 35 investors sold GNTX shares while 109 reduced holdings. 41 funds opened positions while 137 raised stakes. 224.48 million shares or 0.88% less from 226.47 million shares in 2017Q2 were reported. The Illinois-based Lsv Asset has invested 0% in Gentex Corporation (NASDAQ:GNTX). Whalerock Point Prtnrs Limited Liability Company owns 0.14% invested in Gentex Corporation (NASDAQ:GNTX) for 19,850 shares. Clearbridge Ltd Llc has 0.05% invested in Gentex Corporation (NASDAQ:GNTX). Ameritas Invest Ptnrs holds 129,066 shares or 0.12% of its portfolio. Gagnon Llc stated it has 0.34% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Euclidean Tech Mngmt Limited Liability Corporation, New York-based fund reported 106,553 shares. Tiaa Cref Invest Mgmt Limited Liability Com reported 1.16 million shares stake. Bancorporation Of Nova Scotia holds 0% or 38,581 shares in its portfolio. Geode Capital Ltd Liability Corporation holds 3.45 million shares. Gamco Invsts Et Al reported 0.03% in Gentex Corporation (NASDAQ:GNTX). Cambridge Inv Research Advsr Inc holds 65,650 shares or 0.02% of its portfolio. Bright Rock Cap Mngmt Limited Liability Company has 71,000 shares. Moreover, Hsbc Public Limited Co has 0.01% invested in Gentex Corporation (NASDAQ:GNTX) for 231,325 shares. The New York-based Citigroup Inc has invested 0% in Gentex Corporation (NASDAQ:GNTX). Leuthold Group Limited Liability reported 164,994 shares.

Since September 27, 2017, it had 0 insider purchases, and 8 selling transactions for $2.88 million activity. The insider Downing Steven R sold 8,000 shares worth $157,582. Ryan Scott P had sold 7,220 shares worth $170,823 on Wednesday, January 31. Another trade for 47,000 shares valued at $1.11M was made by Hoekstra Peter on Monday, January 29. $280,776 worth of Gentex Corporation (NASDAQ:GNTX) was sold by Wallace James H on Tuesday, January 30. $611,341 worth of Gentex Corporation (NASDAQ:GNTX) was sold by MULDER JOHN A on Monday, January 29. 12,000 shares were sold by GOODE GARY F, worth $280,968 on Monday, January 29.

Riverbridge Partners Llc, which manages about $5.72 billion and $5.08 billion US Long portfolio, decreased its stake in Channeladvisor Corporation (NYSE:ECOM) by 102,030 shares to 1.51 million shares, valued at $17.41M in 2017Q3, according to the filing. It also reduced its holding in Neogen Corporation (NASDAQ:NEOG) by 52,048 shares in the quarter, leaving it with 790,851 shares, and cut its stake in Verint Systems Inc. (NASDAQ:VRNT).

Among 7 analysts covering Sandy Spring Bancorp (NASDAQ:SASR), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Sandy Spring Bancorp had 12 analyst reports since July 20, 2015 according to SRatingsIntel. Sandler O’Neill maintained Sandy Spring Bancorp, Inc. (NASDAQ:SASR) rating on Friday, January 12. Sandler O’Neill has “Hold” rating and $44.0 target. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, October 3 report. The company was maintained on Thursday, October 19 by Robert W. Baird. The firm has “Hold” rating given on Wednesday, January 10 by Robert W. Baird. Stephens upgraded Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Thursday, February 22 to “Overweight” rating. The stock of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has “Sell” rating given on Tuesday, August 25 by Zacks. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, January 19.

Since January 22, 2018, it had 2 insider purchases, and 6 insider sales for $1.63 million activity. $36,760 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) shares were bought by Friis Mark E. The insider Stephenson Mona Abutaleb bought $22,693. $59,408 worth of stock was sold by REEDER JOE on Thursday, January 25. 1,872 shares were sold by McDowell Ronda M, worth $71,034 on Tuesday, January 30. $338,739 worth of stock was sold by Andersen Shaza L on Monday, January 22.

Investors sentiment decreased to 1.44 in 2017 Q3. Its down 0.39, from 1.83 in 2017Q2. It dropped, as 14 investors sold SASR shares while 31 reduced holdings. 23 funds opened positions while 42 raised stakes. 16.21 million shares or 3.18% more from 15.71 million shares in 2017Q2 were reported. Janney Montgomery Scott Lc accumulated 10,444 shares. Tiaa Cref Investment Mgmt Ltd Llc, a New York-based fund reported 102,412 shares. Macquarie Gru stated it has 0% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Prudential owns 85,088 shares for 0.01% of their portfolio. California Public Employees Retirement Systems owns 75,377 shares. Public Employees Retirement System Of Ohio reported 11,567 shares. Rhumbline Advisers holds 30,942 shares. Lsv Asset Mngmt invested in 0% or 68,800 shares. First Trust Advsrs Limited Partnership stated it has 0.01% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Moreover, Amer Century Cos has 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Nationwide Fund Advsr accumulated 0% or 16,263 shares. Financial Bank Of New York Mellon Corporation has 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). D E Shaw holds 0% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 19,031 shares. Huntington Bank has 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). State Board Of Administration Of Florida Retirement System reported 29,930 shares.

Berkley W R Corp, which manages about $686.91M US Long portfolio, decreased its stake in Loews Corp (NYSE:L) by 19,378 shares to 61,624 shares, valued at $2.95M in 2017Q3, according to the filing. It also reduced its holding in Healthequity Inc (NASDAQ:HQY) by 537,102 shares in the quarter, leaving it with 7.35 million shares, and cut its stake in Liberty Global Plc (NASDAQ:LBTYK).

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