Virtu Financial LLC Acquires New Holdings in IntriCon Co. (IIN)

Virtu Financial LLC acquired a new position in IntriCon Co. (NASDAQ:IIN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,338 shares of the technology company’s stock, valued at approximately $750,000. Virtu Financial LLC owned approximately 0.15% of IntriCon at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in IntriCon by 1,236.5% during the second quarter. BlackRock Inc. now owns 419,019 shares of the technology company’s stock valued at $16,886,000 after acquiring an additional 387,668 shares during the period. Integrated Investment Consultants LLC bought a new stake in IntriCon during the second quarter valued at about $308,000. Northern Trust Corp boosted its holdings in IntriCon by 257.6% during the second quarter. Northern Trust Corp now owns 90,616 shares of the technology company’s stock valued at $3,651,000 after acquiring an additional 65,276 shares during the period. Columbus Circle Investors bought a new stake in IntriCon during the third quarter valued at about $2,829,000. Finally, Cadence Capital Management LLC bought a new stake in IntriCon during the third quarter valued at about $2,492,000. Hedge funds and other institutional investors own 59.51% of the company’s stock.

Shares of IIN opened at $34.34 on Thursday. IntriCon Co. has a 52 week low of $16.40 and a 52 week high of $76.80. The stock has a market cap of $296.73 million, a PE ratio of 118.41, a P/E/G ratio of 3.97 and a beta of 0.95.



IntriCon (NASDAQ:IIN) last posted its quarterly earnings data on Monday, November 5th. The technology company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. IntriCon had a net margin of 4.82% and a return on equity of 13.06%. The company had revenue of $30.13 million for the quarter, compared to analyst estimates of $30.23 million. Sell-side analysts forecast that IntriCon Co. will post 0.72 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the stock. TheStreet upgraded shares of IntriCon from a “c+” rating to a “b” rating in a report on Friday, August 31st. Zacks Investment Research upgraded shares of IntriCon from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, November 14th. BidaskClub cut shares of IntriCon from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 13th. B. Riley upped their price target on shares of IntriCon from $62.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, August 22nd. Finally, Stifel Nicolaus upped their price target on shares of IntriCon from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 21st. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.50.

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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 bio-telemetry devices, hearing healthcare, and professional audio communication devices markets.

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Institutional Ownership by Quarter for IntriCon (NASDAQ:IIN)

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