GSA Capital Partners LLP Decreases Stock Holdings in Standard Motor Products, Inc. (NYSE:SMP)

GSA Capital Partners LLP lowered its position in shares of Standard Motor Products, Inc. (NYSE:SMP) by 65.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,700 shares of the auto parts company’s stock after selling 21,981 shares during the quarter. GSA Capital Partners LLP owned approximately 0.05% of Standard Motor Products worth $388,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SMP. Innealta Capital LLC acquired a new position in Standard Motor Products during the second quarter worth $25,000. Gladius Capital Management LP acquired a new stake in shares of Standard Motor Products during the 2nd quarter worth about $30,000. GAMMA Investing LLC lifted its position in shares of Standard Motor Products by 153.8% during the 3rd quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company’s stock worth $30,000 after buying an additional 549 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Standard Motor Products in the 3rd quarter valued at $73,000. Finally, Central Pacific Bank Trust Division purchased a new stake in Standard Motor Products in the third quarter valued at $83,000. 81.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Standard Motor Products

In related news, CFO Nathan R. Iles sold 1,485 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.97, for a total value of $51,930.45. Following the completion of the sale, the chief financial officer now owns 29,015 shares in the company, valued at $1,014,654.55. This trade represents a 4.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric Sills sold 1,721 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $34.97, for a total transaction of $60,183.37. Following the completion of the transaction, the chief executive officer now directly owns 175,651 shares of the company’s stock, valued at approximately $6,142,515.47. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,454 shares of company stock valued at $225,701. 5.00% of the stock is owned by company insiders.

Standard Motor Products Stock Up 1.4 %

Shares of NYSE SMP opened at $32.04 on Friday. The stock has a market cap of $695.84 million, a PE ratio of 19.78 and a beta of 0.51. Standard Motor Products, Inc. has a 52-week low of $26.09 and a 52-week high of $41.71. The business has a 50-day moving average price of $32.26 and a 200 day moving average price of $31.03. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21.

Standard Motor Products (NYSE:SMP) last announced its earnings results on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The business had revenue of $399.27 million for the quarter, compared to analyst estimates of $396.10 million. During the same period last year, the firm posted $1.11 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Standard Motor Products, Inc. will post 3.03 earnings per share for the current year.

Standard Motor Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.62%. The ex-dividend date is Friday, November 15th. Standard Motor Products’s dividend payout ratio is presently 71.61%.

About Standard Motor Products

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.