Insider Trading at Gentherm Inc. (THRM): Oscar Marx Sells 10,000 Shares

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Oscar Marx, Director at Gentherm Inc. (NASDAQ:THRM), completed a disposition of 10,000 shares in Common Stock on Friday. The sale was executed directly and for a price of $43.12 per share. Furthermore, the insider also exercised his use of stock options in order to complete his third stock sale of the year. Marx had unloaded 10,000 shares of Common Stock at the beginning of July for $44.44 per share, one month after selling 10,000 shares for a price of $41.17 per share.

In addition to the Director’s activity, Gentherm saw several of its insiders unload stock over the past quarter. David Bomzert, Vice President of Human Resources at the $1.5 billion market cap thermal management technology developer, sold 10,000 shares of stock in May for $40.00 per share, while the company’s President and Chief Executive Officer, Daniel Coker, unloaded 38,200 shares for $39.08 per share.

Furthermore, last quarter saw several new shareholding positions amongst hedge funds, such as Donald Chiboucis’ Columbus Circle Investors, which acquired 184,480 shares, for an estimated value of $6.4 million in March.

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