Silver Capital Management LLC Has $417,000 Position in General Motors Company (NYSE:GM)
Silver Capital Management LLC decreased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 7.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,935 shares of the auto manufacturer’s stock after selling 900 shares during the period. Silver Capital Management LLC’s holdings in General Motors were worth $417,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its stake in General Motors by 92.5% in the fourth quarter. Macquarie Group Ltd. now owns 76,600 shares of the auto manufacturer’s stock worth $2,669,000 after buying an additional 36,800 shares in the last quarter. Fulton Bank N.A. raised its stake in General Motors by 1.4% in the first quarter. Fulton Bank N.A. now owns 9,684 shares of the auto manufacturer’s stock worth $342,000 after buying an additional 137 shares in the last quarter. Denali Advisors LLC raised its stake in General Motors by 20.3% in the first quarter. Denali Advisors LLC now owns 427,800 shares of the auto manufacturer’s stock worth $15,127,000 after buying an additional 72,120 shares in the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in General Motors by 3.3% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 627,106 shares of the auto manufacturer’s stock worth $22,174,000 after buying an additional 19,838 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in General Motors by 37.1% in the first quarter. Raymond James Trust N.A. now owns 19,331 shares of the auto manufacturer’s stock worth $684,000 after buying an additional 5,231 shares in the last quarter. Institutional investors and hedge funds own 76.04% of the company’s stock.
Shares of General Motors Company (NYSE:GM) opened at 35.27 on Friday. The company has a market cap of $51.40 billion, a PE ratio of 6.13 and a beta of 1.45. The firm’s 50-day moving average is $35.21 and its 200-day moving average is $35.22. General Motors Company has a 1-year low of $29.91 and a 1-year high of $38.55.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.17. The firm had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. General Motors’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 earnings per share. On average, equities analysts forecast that General Motors Company will post $6.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.52 annualized dividend and a yield of 4.31%. General Motors’s dividend payout ratio is presently 26.48%.
A number of analysts have weighed in on GM shares. Jefferies Group LLC restated a “hold” rating and set a $36.00 price objective on shares of General Motors in a research note on Friday, April 7th. UBS AG restated a “buy” rating and set a $40.00 price objective (up from $38.00) on shares of General Motors in a research note on Friday, April 14th. Nomura restated a “buy” rating and set a $47.00 price objective on shares of General Motors in a research note on Tuesday, May 2nd. BMO Capital Markets restated a “market perform” rating on shares of General Motors in a research note on Wednesday, May 3rd. Finally, Buckingham Research restated a “neutral” rating on shares of General Motors in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. General Motors presently has a consensus rating of “Buy” and a consensus target price of $39.38.
In related news, Director Jane L. Mendillo acquired 1,520 shares of the stock in a transaction on Friday, May 26th. The shares were acquired at an average price of $32.92 per share, for a total transaction of $50,038.40. Following the transaction, the director now owns 3,120 shares in the company, valued at approximately $102,710.40. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Karl-Thomas Neumann sold 234,274 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.77, for a total value of $8,145,706.98. Following the completion of the sale, the insider now owns 234,274 shares in the company, valued at approximately $8,145,706.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 371,687 shares of company stock worth $12,918,125. Insiders own 0.04% of the company’s stock.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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