S Squared Technology LLC reduced its stake in shares of IntriCon Co. (NASDAQ:IIN) by 30.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,519 shares of the technology company’s stock after selling 16,100 shares during the quarter. S Squared Technology LLC’s holdings in IntriCon were worth $916,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA acquired a new position in IntriCon during the 1st quarter valued at $40,000. Sun Life Financial INC acquired a new position in IntriCon during the 4th quarter valued at $155,000. Conestoga Capital Advisors LLC acquired a new position in IntriCon during the 1st quarter valued at $235,000. Rhumbline Advisers raised its stake in IntriCon by 58.9% during the 4th quarter. Rhumbline Advisers now owns 9,104 shares of the technology company’s stock valued at $240,000 after purchasing an additional 3,375 shares during the last quarter. Finally, Brasada Capital Management LP acquired a new position in shares of IntriCon in the 1st quarter valued at $251,000. Hedge funds and other institutional investors own 72.35% of the company’s stock.
A number of brokerages have recently issued reports on IIN. ValuEngine cut shares of IntriCon from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of IntriCon from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $50.25.
Shares of IntriCon stock traded up $0.67 during mid-day trading on Friday, reaching $23.31. 2,888 shares of the stock were exchanged, compared to its average volume of 140,182. The stock has a market capitalization of $198.16 million, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 3.02 and a beta of 0.97. The company has a quick ratio of 2.23, a current ratio of 3.13 and a debt-to-equity ratio of 0.04. IntriCon Co. has a fifty-two week low of $20.95 and a fifty-two week high of $76.80.
IntriCon (NASDAQ:IIN) last announced its earnings results on Monday, April 29th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $30.11 million for the quarter, compared to analyst estimates of $30.05 million. IntriCon had a return on equity of 7.39% and a net margin of 4.58%. On average, equities analysts anticipate that IntriCon Co. will post 0.63 earnings per share for the current year.
In related news, VP Greg Gruenhagen sold 4,500 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $26.87, for a total transaction of $120,915.00. Following the completion of the sale, the vice president now owns 7,662 shares in the company, valued at approximately $205,877.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.50% of the company’s stock.
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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 biotelemetry devices, hearing healthcare, and professional audio communication devices markets.
Further Reading: Book Value Per Share – BVPS
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