GAMMA Investing LLC Buys 549 Shares of Standard Motor Products, Inc. (NYSE:SMP)

GAMMA Investing LLC increased its stake in Standard Motor Products, Inc. (NYSE:SMP) by 153.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 906 shares of the auto parts company’s stock after acquiring an additional 549 shares during the period. GAMMA Investing LLC’s holdings in Standard Motor Products were worth $30,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Standard Motor Products by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,535,303 shares of the auto parts company’s stock worth $42,574,000 after purchasing an additional 8,070 shares during the period. Vanguard Group Inc. boosted its stake in shares of Standard Motor Products by 3.6% during the first quarter. Vanguard Group Inc. now owns 1,442,712 shares of the auto parts company’s stock valued at $48,403,000 after purchasing an additional 49,905 shares during the period. Azarias Capital Management L.P. bought a new position in shares of Standard Motor Products in the second quarter worth approximately $11,197,000. American Century Companies Inc. increased its stake in shares of Standard Motor Products by 19.5% in the second quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock worth $9,399,000 after buying an additional 55,327 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in Standard Motor Products by 1.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 306,300 shares of the auto parts company’s stock valued at $10,276,000 after buying an additional 3,900 shares during the last quarter. 81.26% of the stock is currently owned by hedge funds and other institutional investors.

Standard Motor Products Trading Down 0.9 %

Shares of SMP opened at $31.33 on Friday. The firm has a fifty day simple moving average of $31.83 and a two-hundred day simple moving average of $31.13. Standard Motor Products, Inc. has a twelve month low of $26.09 and a twelve month high of $41.71. The stock has a market capitalization of $680.17 million, a P/E ratio of 17.90 and a beta of 0.51. The company has a quick ratio of 0.93, a current ratio of 2.46 and a debt-to-equity ratio of 0.31.

Standard Motor Products (NYSE:SMP) last posted its earnings results on Thursday, August 1st. The auto parts company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. Standard Motor Products had a net margin of 2.79% and a return on equity of 9.90%. The company had revenue of $389.80 million during the quarter, compared to analyst estimates of $365.60 million. During the same period in the prior year, the business posted $0.84 earnings per share. Standard Motor Products’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts anticipate that Standard Motor Products, Inc. will post 3.01 EPS for the current year.

Standard Motor Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.70%. Standard Motor Products’s dividend payout ratio (DPR) is presently 66.29%.

Standard Motor Products Company Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.