Sean Biddlecombe Sells 755 Shares of Garmin Ltd. (GRMN) Stock
Garmin Ltd. (NASDAQ:GRMN) insider Sean Biddlecombe sold 755 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $60.80, for a total value of $45,904.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Garmin Ltd. (NASDAQ:GRMN) traded down $0.85 on Thursday, hitting $59.46. The company’s stock had a trading volume of 1,254,341 shares, compared to its average volume of 1,110,418. Garmin Ltd. has a twelve month low of $47.03 and a twelve month high of $63.15. The firm has a market cap of $11,410.00, a P/E ratio of 21.23, a PEG ratio of 2.52 and a beta of 0.83.
Garmin (NASDAQ:GRMN) last issued its earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. Garmin had a return on equity of 15.23% and a net margin of 22.65%. The business had revenue of $743.00 million during the quarter, compared to the consensus estimate of $722.00 million. During the same period last year, the company earned $0.75 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. equities analysts predict that Garmin Ltd. will post 2.9 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRMN. WFG Advisors LP grew its holdings in shares of Garmin by 11.5% during the 2nd quarter. WFG Advisors LP now owns 2,175 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 225 shares during the period. US Bancorp DE grew its holdings in shares of Garmin by 8.8% during the 2nd quarter. US Bancorp DE now owns 2,215 shares of the scientific and technical instruments company’s stock worth $113,000 after purchasing an additional 180 shares during the period. Profund Advisors LLC purchased a new position in shares of Garmin during the 2nd quarter worth $202,000. Bank of Hawaii purchased a new position in shares of Garmin during the 3rd quarter worth $206,000. Finally, Cambridge Advisors Inc. purchased a new position in shares of Garmin during the 3rd quarter worth $208,000. Institutional investors and hedge funds own 39.37% of the company’s stock.
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Garmin Company Profile
Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.
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