IntriCon Co. (IIN) Stake Lifted by GSA Capital Partners LLP
GSA Capital Partners LLP lifted its holdings in shares of IntriCon Co. (NASDAQ:IIN) by 344.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,872 shares of the technology company’s stock after purchasing an additional 19,272 shares during the quarter. GSA Capital Partners LLP owned 0.28% of IntriCon worth $1,398,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its holdings in shares of IntriCon by 17.5% during the third quarter. BlackRock Inc. now owns 492,537 shares of the technology company’s stock worth $27,680,000 after purchasing an additional 73,518 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of IntriCon by 17.4% during the third quarter. Dimensional Fund Advisors LP now owns 309,636 shares of the technology company’s stock worth $17,402,000 after purchasing an additional 45,801 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in shares of IntriCon during the second quarter worth about $308,000. Northern Trust Corp boosted its stake in IntriCon by 257.6% in the second quarter. Northern Trust Corp now owns 90,616 shares of the technology company’s stock worth $3,651,000 after buying an additional 65,276 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in IntriCon by 81.6% in the third quarter. JPMorgan Chase & Co. now owns 57,566 shares of the technology company’s stock worth $3,235,000 after buying an additional 25,874 shares in the last quarter. 59.51% of the stock is owned by institutional investors.
Several brokerages have issued reports on IIN. TheStreet raised IntriCon from a “c+” rating to a “b” rating in a research note on Friday, August 31st. ValuEngine lowered IntriCon from a “strong-buy” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised IntriCon from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Wednesday, November 14th. BidaskClub lowered IntriCon from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 13th. Finally, B. Riley upped their target price on IntriCon from $62.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. IntriCon has a consensus rating of “Buy” and a consensus price target of $48.50.
IntriCon (NASDAQ:IIN) last issued its earnings results on Monday, November 5th. The technology company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The business had revenue of $30.13 million during the quarter, compared to analyst estimates of $30.23 million. IntriCon had a return on equity of 13.06% and a net margin of 4.82%. As a group, equities analysts expect that IntriCon Co. will post 0.72 EPS for the current year.
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IntriCon Corporation, together with its subsidiaries, designs, develops, engineers, manufactures, and distributes body-worn devices in the United States, Europe, Asia, and internationally. The company operates in two segments, Body Worn Devices and Hearing Health Direct-To-Consumer. It offers micro-miniature products, microelectronics; micro-mechanical assemblies; high-precision injection-molded plastic components; and assemblies and software solutions for medical bio-telemetry devices, hearing healthcare, and professional audio communication devices markets.
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