Squarepoint Ops LLC Has $305,000 Holdings in IntriCon Co. (IIN)

Squarepoint Ops LLC raised its stake in IntriCon Co. (NASDAQ:IIN) by 37.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,555 shares of the technology company’s stock after acquiring an additional 3,138 shares during the period. Squarepoint Ops LLC owned about 0.13% of IntriCon worth $305,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in IntriCon in the third quarter worth $348,000. Wells Fargo & Company MN boosted its stake in IntriCon by 93.8% in the third quarter. Wells Fargo & Company MN now owns 21,027 shares of the technology company’s stock worth $1,182,000 after purchasing an additional 10,177 shares in the last quarter. 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 purchasing an additional 25,874 shares in the last quarter. Alliancebernstein L.P. acquired a new position in IntriCon in the third quarter worth $393,000. Finally, Bank of New York Mellon Corp boosted its stake in IntriCon by 17.0% in the third quarter. Bank of New York Mellon Corp now owns 21,512 shares of the technology company’s stock worth $1,209,000 after purchasing an additional 3,131 shares in the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.

In other IntriCon news, VP Greg Gruenhagen sold 4,500 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $26.87, for a total value of $120,915.00. Following the transaction, the vice president now owns 7,662 shares of the company’s stock, valued at $205,877.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 7,500 shares of company stock worth $198,225 in the last three months. Insiders own 11.50% of the company’s stock.

IIN has been the topic of several research reports. ValuEngine raised IntriCon from a “hold” rating to a “buy” rating in a research note on Saturday, March 30th. Dougherty & Co raised IntriCon from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Thursday, January 3rd. Zacks Investment Research lowered IntriCon from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Finally, Stifel Nicolaus cut their target price on IntriCon from $70.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, January 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $50.25.

NASDAQ:IIN opened at $25.48 on Tuesday. IntriCon Co. has a 1-year low of $18.98 and a 1-year high of $76.80. The stock has a market capitalization of $219.70 million, a price-to-earnings ratio of 39.81, a P/E/G ratio of 3.17 and a beta of 1.21.

IntriCon (NASDAQ:IIN) last released its earnings results on Tuesday, February 19th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.07). IntriCon had a net margin of 4.76% and a return on equity of 9.63%. The company had revenue of $30.81 million during the quarter, compared to analyst estimates of $30.30 million. Equities research analysts expect that IntriCon Co. will post 0.66 EPS for the current fiscal year.

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IntriCon Profile

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 biotelemetry devices, hearing healthcare, and professional audio communication devices markets.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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Institutional Ownership by Quarter for IntriCon (NASDAQ:IIN)

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