The multi-activity navigation and accessory giant, Garmin Ltd. (GRMN), has witnesses a series of notable developments over the past months. Several investment companies, including Mirae Asset Global Investments and the State of Alaska Department of Revenue, have trimmed their positions in GRMN. Despite this, the company's stock continues its uptrend, significantly outperforming the market and its competitors, even on days of losses. This uptick in stock performance is attributed to the announcement of promising Q1 2024 results and successful quarterly earnings calls. Garmin has also strengthened its client base through a significant partnership with the Independent Boat Builders, Inc. (IBBI) as their exclusive supplier of marine electronics and audio until 2029. Moreover, the company is giving dividends to its shareholders, with a recent announcement of $0.75 per share. However, there seem to be speculations around GRMN, resulting in its inclusion in the detractors' list of the Diamond Hill Long-Short Fund. The company also announced an expansion of its executive leadership team and a general counsel transition.
Garmin Ltd GRMN News Analytics from Thu, 14 Sep 2023 07:00:00 GMT to Sun, 07 Jul 2024 13:49:15 GMT - Rating 6 - Innovation 5 - Information 6 - Rumor -4
