IMPINJ Inc (PI) Shares Sold by Royal Bank of Canada
Royal Bank of Canada lessened its holdings in shares of IMPINJ Inc (NASDAQ:PI) by 64.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,395 shares of the company’s stock after selling 41,665 shares during the quarter. Royal Bank of Canada owned about 0.11% of IMPINJ worth $305,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Rainier Group Investment Advisory LLC bought a new stake in shares of IMPINJ during the 1st quarter valued at about $104,000. MetLife Investment Advisors LLC purchased a new position in shares of IMPINJ during the 4th quarter valued at about $193,000. Guggenheim Capital LLC raised its holdings in shares of IMPINJ by 81.0% during the 4th quarter. Guggenheim Capital LLC now owns 10,701 shares of the company’s stock valued at $239,000 after buying an additional 4,790 shares in the last quarter. LPL Financial LLC raised its holdings in shares of IMPINJ by 72.6% during the 1st quarter. LPL Financial LLC now owns 21,914 shares of the company’s stock valued at $285,000 after buying an additional 9,214 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of IMPINJ during the 1st quarter valued at about $307,000. Hedge funds and other institutional investors own 70.64% of the company’s stock.
Shares of NASDAQ PI opened at $19.56 on Friday. The company has a quick ratio of 4.67, a current ratio of 8.00 and a debt-to-equity ratio of 0.20. IMPINJ Inc has a 1-year low of $9.95 and a 1-year high of $41.97.
Impinj, Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's unique identity, location, and authenticity to business and consumer applications. The company's platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs.
See Also: What is a closed-end mutual fund (CEF)?
Receive News & Ratings for IMPINJ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPINJ and related companies with MarketBeat.com's FREE daily email newsletter.