Intellicheck Inc (IDN) Position Boosted by Clear Harbor Asset Management LLC
Clear Harbor Asset Management LLC lifted its position in shares of Intellicheck Inc (NYSEAMERICAN:IDN) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,197,462 shares of the industrial products company’s stock after buying an additional 56,300 shares during the quarter. Clear Harbor Asset Management LLC owned about 0.08% of Intellicheck worth $3,066,000 at the end of the most recent quarter.
Separately, First Eagle Investment Management LLC raised its stake in Intellicheck by 107.3% during the third quarter. First Eagle Investment Management LLC now owns 2,214,818 shares of the industrial products company’s stock worth $6,379,000 after purchasing an additional 1,146,432 shares during the period.
A number of research firms have weighed in on IDN. Zacks Investment Research downgraded shares of Intellicheck from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. Oppenheimer reaffirmed a “buy” rating and set a $4.00 price target on shares of Intellicheck in a research note on Wednesday, November 15th. Finally, ValuEngine downgraded shares of Intellicheck from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $4.10.
Intellicheck (NYSEAMERICAN:IDN) last released its quarterly earnings data on Tuesday, November 14th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). Intellicheck had a negative net margin of 111.19% and a negative return on equity of 28.67%. The company had revenue of $0.97 million during the quarter, compared to analyst estimates of $1.17 million.
Intellicheck, Inc, formerly Intellicheck Mobilisa, Inc, is a technology company. The Company is engaged in developing, integrating and marketing wireless technology and identity systems for various applications, including mobile and handheld access control, and security systems for the government, military and commercial markets.
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