Today The Silver Capital Management LLC Purchases 2,790 Shares of General Motors Company (GM)

Today The Silver Capital Management LLC Purchases 2,790 Shares of General Motors Company (GM)

Silver Capital Management LLC boosted its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 24.0% during the third quarter, Holdings Channel reports. The institutional investor owned 14,395 shares of the auto manufacturer’s stock after buying an additional 2,790 shares during the period. General Motors Company accounts for 1.9% of Silver Capital Management LLC’s portfolio, making the stock its 24th largest position. Silver Capital Management LLC’s holdings in General Motors Company were worth $457,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. AllSquare Wealth Management LLC raised its stake in General Motors Company by 16.5% in the second quarter. AllSquare Wealth Management LLC now owns 4,600 shares of the auto manufacturer’s stock valued at $130,000 after buying an additional 650 shares in the last quarter. Chou Associates Management Inc. acquired a new stake in General Motors Company during the second quarter valued at about $136,000. North Star Investment Management Corp. raised its stake in General Motors Company by 18.5% in the third quarter. North Star Investment Management Corp. now owns 5,452 shares of the auto manufacturer’s stock valued at $173,000 after buying an additional 850 shares in the last quarter. Daiwa SB Investments Ltd. acquired a new stake in General Motors Company during the third quarter valued at about $200,000. Finally, FDx Advisors Inc. raised its stake in General Motors Company by 6.0% in the second quarter. FDx Advisors Inc. now owns 7,265 shares of the auto manufacturer’s stock valued at $206,000 after buying an additional 408 shares in the last quarter. 71.80% of the stock is owned by institutional investors and hedge funds.

General Motors Company (NYSE:GM) opened at 37.00 on Wednesday. General Motors Company has a 52-week low of $26.69 and a 52-week high of $38.16. The company has a market capitalization of $56.40 billion, a PE ratio of 4.22 and a beta of 1.40. The company has a 50-day moving average price of $36.47 and a 200 day moving average price of $33.04.

General Motors Company (NYSE:GM) last issued its earnings results on Tuesday, October 25th. The auto manufacturer reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.28. The business had revenue of $42.80 billion for the quarter, compared to analyst estimates of $39.11 billion. General Motors Company had a net margin of 8.58% and a return on equity of 23.22%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. Equities research analysts anticipate that General Motors Company will post $6.01 earnings per share for the current year.

Several research firms recently issued reports on GM. Jefferies Group LLC set a $36.00 price objective on General Motors Company and gave the company a “hold” rating in a research note on Thursday, January 19th. Barclays PLC reissued a “neutral” rating and set a $36.00 price objective on shares of General Motors Company in a research note on Tuesday, December 13th. Vetr lowered General Motors Company from a “hold” rating to a “sell” rating and set a $35.81 price objective for the company. in a research note on Tuesday, January 10th. Daiwa Capital Markets lowered General Motors Company from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $31.00 to $33.00 in a research note on Wednesday, January 11th. Finally, Macquarie reaffirmed an “outperform” rating and set a $49.00 price target on shares of General Motors Company in a research note on Saturday, January 14th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. General Motors Company has an average rating of “Hold” and an average target price of $36.78.

In related news, insider Stefan Jacoby sold 2,540 shares of General Motors Company stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $36.12, for a total transaction of $91,744.80. Following the transaction, the insider now directly owns 16,230 shares of the company’s stock, valued at $586,227.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Daniel Ammann sold 10,000 shares of General Motors Company stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $37.00, for a total transaction of $370,000.00. Following the transaction, the president now directly owns 153,850 shares in the company, valued at $5,692,450. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

About General Motors Company

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.

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