Azarias Capital Management L.P. Has $11.24 Million Stock Position in Standard Motor Products, Inc. (NYSE:SMP)

Azarias Capital Management L.P. lowered its stake in shares of Standard Motor Products, Inc. (NYSE:SMP - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 362,642 shares of the auto parts company's stock after selling 14,773 shares during the quarter. Standard Motor Products makes up approximately 5.0% of Azarias Capital Management L.P.'s portfolio, making the stock its 8th largest holding. Azarias Capital Management L.P. owned about 1.67% of Standard Motor Products worth $11,235,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in shares of Standard Motor Products by 11.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,546 shares of the auto parts company's stock valued at $237,000 after buying an additional 908 shares during the period. SG Americas Securities LLC raised its stake in Standard Motor Products by 119.1% in the 3rd quarter. SG Americas Securities LLC now owns 13,458 shares of the auto parts company's stock valued at $447,000 after acquiring an additional 7,315 shares during the period. GAMMA Investing LLC lifted its holdings in Standard Motor Products by 153.8% during the third quarter. GAMMA Investing LLC now owns 906 shares of the auto parts company's stock valued at $30,000 after purchasing an additional 549 shares during the last quarter. CWM LLC boosted its position in Standard Motor Products by 3.5% during the third quarter. CWM LLC now owns 24,944 shares of the auto parts company's stock worth $828,000 after purchasing an additional 833 shares during the period. Finally, Inspire Investing LLC purchased a new position in shares of Standard Motor Products in the third quarter worth about $415,000. Hedge funds and other institutional investors own 81.26% of the company's stock.

Standard Motor Products Stock Performance

Shares of NYSE:SMP traded down $0.31 during midday trading on Monday, reaching $30.71. 71,953 shares of the company traded hands, compared to its average volume of 85,133. Standard Motor Products, Inc. has a 12 month low of $26.09 and a 12 month high of $41.17. The firm's fifty day moving average price is $31.34 and its two-hundred day moving average price is $31.80. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $666.96 million, a price-to-earnings ratio of 18.96 and a beta of 0.52.

Standard Motor Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.29 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.78%. Standard Motor Products's dividend payout ratio (DPR) is currently 71.61%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Standard Motor Products from a "buy" rating to a "strong-buy" rating in a research note on Friday, January 31st.

Insider Activity at Standard Motor Products

In other Standard Motor Products news, VP Ray Nicholas sold 4,730 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $34.11, for a total value of $161,340.30. Following the transaction, the vice president now directly owns 46,385 shares in the company, valued at $1,582,192.35. This represents a 9.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is owned by corporate insiders.

Standard Motor Products Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.