Gentex Corporation (NASDAQ:GNTX), saw an insider alter his position with the company through a transaction that saw this insider lower his exposure. Chairman of the Board and Chief Executive Officer Fred Bauer disposed of 1,000 shares of common stock at an average price of $28.6275 per share. Following the completion of this move, Bauer has 4,116,864 shares directly invested into the company. Gentex Corporation (NASDAQ:GNTX) is a $4.29 billion market cap goliath that is a supplier of automatic-dimming rear-view mirrors and video camera based lighting-assist features to the global automotive industry, dimmable aircraft windows for aviation markets, and fire protection products to the fire protection market.
In addition, Billionaire Chuck Royce, who controls the Royce & Associates hedge fund, holds stock in the company. The fund reported a 37% increase in its activity over the course of the last fiscal quarter and now holds about 3.1 million shares worth about $89.5 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.