Inter Parfums, Inc. (IPAR) Holdings Decreased by GSA Capital Partners LLP
GSA Capital Partners LLP lowered its holdings in Inter Parfums, Inc. (NASDAQ:IPAR) by 77.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,087 shares of the company’s stock after selling 24,818 shares during the period. GSA Capital Partners LLP’s holdings in Inter Parfums were worth $292,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Rhumbline Advisers raised its holdings in shares of Inter Parfums by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 46,668 shares of the company’s stock valued at $1,710,000 after acquiring an additional 232 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Inter Parfums by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 130,387 shares of the company’s stock valued at $4,779,000 after acquiring an additional 351 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Inter Parfums by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 73,261 shares of the company’s stock valued at $2,686,000 after acquiring an additional 418 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Inter Parfums by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock valued at $150,000 after acquiring an additional 614 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in shares of Inter Parfums by 68.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after acquiring an additional 1,296 shares in the last quarter. 55.39% of the stock is currently owned by hedge funds and other institutional investors.
Inter Parfums, Inc. (NASDAQ IPAR) opened at $43.70 on Wednesday. The company has a current ratio of 3.39, a quick ratio of 2.54 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1,359.74, a PE ratio of 32.86, a PEG ratio of 2.53 and a beta of 1.77. Inter Parfums, Inc. has a 1 year low of $31.45 and a 1 year high of $46.80.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $169.50 million for the quarter, compared to analyst estimates of $160.52 million. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. sell-side analysts anticipate that Inter Parfums, Inc. will post 1.29 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, December 28th. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 annualized dividend and a dividend yield of 1.92%. Inter Parfums’s dividend payout ratio is 63.16%.
In other news, CEO Jean Madar sold 8,200 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $44.00, for a total transaction of $360,800.00. Following the transaction, the chief executive officer now directly owns 74,407 shares in the company, valued at approximately $3,273,908. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Torres Robert Bensoussan sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $42.09, for a total value of $252,540.00. The disclosure for this sale can be found here. Insiders have sold a total of 38,000 shares of company stock worth $1,664,206 over the last quarter. Corporate insiders own 45.40% of the company’s stock.
Several analysts have weighed in on IPAR shares. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Thursday, October 26th. DA Davidson lowered their price target on Inter Parfums from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, November 15th. Sidoti cut Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Citigroup set a $52.00 price target on Inter Parfums and gave the company a “buy” rating in a report on Wednesday, January 3rd. Finally, BidaskClub cut Inter Parfums from a “buy” rating to a “hold” rating in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $45.17.
Inter Parfums Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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