Trigran Investments Discloses Passive Stake in Gentherm Inc.

TL;DR

**Trigran Investments just revealed a significant stake in Gentherm, signaling institutional confidence.**

AI Summary

Trigran Investments, Inc., an Illinois-incorporated investment firm, has filed an SC 13G indicating its ownership stake in Gentherm Inc. (NASDAQ: THRM) as of December 31, 2023. This filing, made on February 9, 2024, signals that Trigran Investments, along with group members like Bradley F. Simon and Douglas Granat, holds a significant, though passive, position in the automotive parts manufacturer. This matters to investors because it reveals a notable institutional investor's confidence in Gentherm, potentially signaling a positive outlook for the stock.

Why It Matters

This filing shows that a professional investment firm, Trigran Investments, sees value in Gentherm, which can be a vote of confidence for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a passive investment, which generally carries lower risk than an activist stake, and doesn't suggest immediate negative implications for the company.

Analyst Insight

Smart investors should note this institutional ownership as a potential positive signal, but conduct further due diligence on Gentherm's fundamentals and market conditions before making investment decisions.

Key Numbers

• 37253A103 — CUSIP Number (identifies Gentherm Inc.'s Common Stock)
• December 31, 2023 — Date of Event (the date as of which the ownership stake is reported)
• February 9, 2024 — Filing Date (the date the SC 13G was filed with the SEC)

Key Players & Entities

• Trigran Investments, Inc. (company) — reporting person and investment firm
• GENTHERM Inc. (company) — subject company, Motor Vehicle Parts & Accessories manufacturer
• Bradley F. Simon (person) — group member of Trigran Investments
• Douglas Granat (person) — group member of Trigran Investments
• Lawrence A. Oberman (person) — group member of Trigran Investments
• Steven G. Simon (person) — group member of Trigran Investments
• Steven R. Monieson (person) — group member of Trigran Investments

Forward-Looking Statements

• Gentherm Inc. stock may experience increased investor interest due to institutional backing. (GENTHERM Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• tm243940d9_sc13g.htm (SC 13G) — 103KB
• tm243940d9_ex1.htm (EX-1) — 8KB
• 0001104659-24-012728.txt ( ) — 113KB

(a)

Item 1(a) Name of Issuer: Gentherm Incorporated

(b)

Item 1(b) Address of Issuer’s Principal Executive Offices: 21680 Haggerty Road Northville, MI 48167

(a)

Item 2(a) Name of Person Filing See Item 2(c)

(b)

Item 2(b) Address of Principal Business Office See Item 2(c)

(c)

Item 2(c) Citizenship Trigran Investments, Inc. 630 Dundee Road, Suite 230 Northbrook, IL 60062 Illinois corporation Douglas Granat 630 Dundee Road, Suite 230 Northbrook, IL 60062 U.S. Citizen Lawrence A. Oberman 630 Dundee Road, Suite 230 Northbrook, IL 60062 U.S. Citizen Steven G. Simon 630 Dundee Road, Suite 230 Northbrook, IL 60062 U.S. Citizen Bradley F. Simon 630 Dundee Road, Suite 230 Northbrook, Illinois 60062 U.S. Citizen Steven R. Monieson 630 Dundee Road, Suite 230 Northbrook, Illinois 60062 U.S. Citizen

(d)

Item 2(d) Title of Class of Securities: Common stock, no par value

(e)

Item 2(e) CUSIP Number: 37253A103 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Exchange Act; (b) ¨ Bank as defined in section 3(a)(6) of the Exchange Act; CUSIP No. 37253A103 Schedule 13G Page 9 of 12 (c) ¨ Insurance company as defined in section 3(a)(19) of the Exchange Act; (d) ¨ Investment company registered under section 8 of the Investment Company Act; (e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act; (j) ¨ A non-U.S. institution in accordance with Rule 13d–1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d–1(b)(1)(ii)(J), please specify the type of institution:______________ If this statement is filed pursuant to Rule 13d-1(c), check this box. Item 4 (a) Amount beneficially owned: Incorporated by reference to Item 9 of the cover page pertaining to each reporting person. (b) Percent of class: Incorporated by reference to Item 11 of the cover page pertaining to each reporting person. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: Incorporated by reference to Item 5 of the cover page pertaining to each reporting person. (ii) Shared power to vote or to direct the vote: Incorporated by reference to Item 6 of the cover page pertaining to eac

View Full Filing

View this SC 13G filing on SEC EDGAR