Alpha Paradigm Partners LLC Invests $371,000 in Identiv, Inc. (NASDAQ:INVE)

Alpha Paradigm Partners LLC bought a new position in shares of Identiv, Inc. (NASDAQ:INVE) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 21,851 shares of the technology company’s stock, valued at approximately $371,000. Alpha Paradigm Partners LLC owned 0.10% of Identiv at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of INVE. BlackRock Inc. grew its position in shares of Identiv by 1.6% during the 1st quarter. BlackRock Inc. now owns 302,639 shares of the technology company’s stock worth $3,468,000 after buying an additional 4,639 shares during the period. Geode Capital Management LLC grew its position in shares of Identiv by 74.2% during the 1st quarter. Geode Capital Management LLC now owns 155,421 shares of the technology company’s stock worth $1,781,000 after buying an additional 66,176 shares during the period. Northern Trust Corp grew its position in shares of Identiv by 12.7% during the 1st quarter. Northern Trust Corp now owns 34,515 shares of the technology company’s stock worth $396,000 after buying an additional 3,895 shares during the period. Barclays PLC grew its position in shares of Identiv by 180.9% during the 1st quarter. Barclays PLC now owns 13,097 shares of the technology company’s stock worth $150,000 after buying an additional 8,435 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Identiv by 49.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 107,943 shares of the technology company’s stock worth $1,237,000 after buying an additional 35,764 shares during the period. Institutional investors own 58.50% of the company’s stock.

In other news, Director James E. Ousley sold 5,555 shares of the company’s stock in a transaction that occurred on Monday, September 20th. The stock was sold at an average price of $18.31, for a total transaction of $101,712.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven Humphreys sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 13th. The stock was sold at an average price of $18.25, for a total value of $456,250.00. The disclosure for this sale can be found here. Insiders sold a total of 127,777 shares of company stock worth $2,385,680 in the last 90 days. Company insiders own 8.60% of the company’s stock.

NASDAQ INVE opened at $18.65 on Thursday. The stock has a market capitalization of $413.28 million, a price-to-earnings ratio of -466.25 and a beta of 1.80. The stock’s 50 day moving average price is $18.12 and its two-hundred day moving average price is $16.14. Identiv, Inc. has a 52 week low of $5.91 and a 52 week high of $21.18.

Identiv (NASDAQ:INVE) last released its earnings results on Tuesday, August 3rd. The technology company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $23.99 million for the quarter, compared to analysts’ expectations of $22.69 million. Identiv had a negative return on equity of 5.79% and a net margin of 0.43%.

INVE has been the subject of several research analyst reports. Zacks Investment Research lowered Identiv from a “buy” rating to a “hold” rating in a research report on Friday, August 6th. Lake Street Capital boosted their price objective on Identiv from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, September 28th. Finally, B. Riley boosted their price objective on Identiv from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, September 20th.

Identiv Company Profile

Identiv, Inc engages in the provision of physical security and secure identification solutions. Its products include physical access control and video, logical access control, credentials, and RFID inlays and tags. The firm serves the government, healthcare, airports and aviation, and education. It operates through the Identity and Premises segments.

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Institutional Ownership by Quarter for Identiv (NASDAQ:INVE)

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