Heartland Advisors Inc. Boosts Stake in IntriCon Corp. (IIN)
Heartland Advisors Inc. boosted its position in IntriCon Corp. (NASDAQ:IIN) by 1.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 405,591 shares of the company’s stock after buying an additional 5,591 shares during the period. Heartland Advisors Inc. owned about 5.97% of IntriCon Corp. worth $2,346,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. AWM Investment Company Inc. purchased a new stake in shares of IntriCon Corp. during the second quarter worth approximately $294,000. Coe Capital Management LLC bought a new position in IntriCon Corp. during the second quarter worth $240,000. Finally, Bard Associates Inc. bought a new position in IntriCon Corp. during the second quarter worth $211,000. 24.62% of the stock is owned by institutional investors.
IntriCon Corp. (NASDAQ:IIN) traded up 2.44% during trading on Tuesday, hitting $6.30. The company’s stock had a trading volume of 21,133 shares. IntriCon Corp. has a one year low of $4.12 and a one year high of $8.02. The firm’s market cap is $42.85 million. The company has a 50-day moving average of $6.07 and a 200 day moving average of $5.29.
IntriCon Corp. (NASDAQ:IIN) last posted its earnings results on Monday, November 14th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.09. The business earned $16 million during the quarter, compared to analysts’ expectations of $16.82 million. IntriCon Corp. had a negative net margin of 2.82% and a negative return on equity of 7.43%. On average, equities analysts forecast that IntriCon Corp. will post ($0.10) earnings per share for the current year.
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Separately, Zacks Investment Research lowered IntriCon Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 4th.
About IntriCon Corp.
IntriCon Corporation is engaged in designing, developing, engineering, manufacturing and distributing body-worn devices. The Company operates through body-worn device segment. The Company serves the body-worn device market by designing, developing, engineering and manufacturing micro-miniature products, microelectronics, micro-mechanical assemblies, complete assemblies and software solutions, primarily for the value hearing health market, the medical bio-telemetry market and the professional audio communication market.
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