Clear Harbor Asset Management LLC Cuts Position in Intellicheck, Inc. (NYSE:IDN)

Clear Harbor Asset Management LLC decreased its holdings in Intellicheck, Inc. (NYSE:IDN) by 5.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,414,019 shares of the company’s stock after selling 87,150 shares during the quarter. Clear Harbor Asset Management LLC owned 0.07% of Intellicheck worth $2,687,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Herald Investment Management Ltd raised its stake in shares of Intellicheck by 12.8% during the third quarter. Herald Investment Management Ltd now owns 850,000 shares of the company’s stock valued at $1,887,000 after purchasing an additional 96,439 shares during the period. UBS Group AG raised its stake in shares of Intellicheck by 122.1% during the third quarter. UBS Group AG now owns 11,947 shares of the company’s stock valued at $27,000 after purchasing an additional 6,567 shares during the period. Renaissance Technologies LLC raised its stake in shares of Intellicheck by 55.6% during the second quarter. Renaissance Technologies LLC now owns 92,100 shares of the company’s stock valued at $227,000 after purchasing an additional 32,900 shares during the period. BlackRock Inc. raised its stake in shares of Intellicheck by 8.0% during the second quarter. BlackRock Inc. now owns 61,270 shares of the company’s stock valued at $151,000 after purchasing an additional 4,560 shares during the period. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Intellicheck during the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Wall Street Analysts Forecast Growth

IDN has been the topic of a number of analyst reports. HC Wainwright reiterated a “buy” rating and set a $5.00 price objective on shares of Intellicheck in a research note on Friday, March 22nd. DA Davidson reissued a “buy” rating and set a $5.00 price target on shares of Intellicheck in a research report on Friday, March 22nd. Finally, StockNews.com started coverage on shares of Intellicheck in a research report on Thursday. They set a “buy” rating for the company.

Intellicheck Stock Performance

Shares of IDN stock traded down $0.05 during mid-day trading on Thursday, reaching $3.48. 219,569 shares of the company were exchanged, compared to its average volume of 477,603. Intellicheck, Inc. has a fifty-two week low of $1.56 and a fifty-two week high of $4.25. The company has a market capitalization of $67.34 million, a P/E ratio of -34.80 and a beta of 1.68. The business’s 50 day simple moving average is $1.96 and its 200 day simple moving average is $1.96.

Intellicheck (NYSE:IDN) last released its quarterly earnings data on Thursday, March 21st. The company reported $0.04 EPS for the quarter. The firm had revenue of $5.18 million during the quarter, compared to the consensus estimate of $5.16 million. Intellicheck had a negative net margin of 10.47% and a negative return on equity of 10.77%. On average, analysts forecast that Intellicheck, Inc. will post -0.03 EPS for the current year.

Intellicheck Profile

Intellicheck, Inc, a technology company, develops, integrates, and markets threat identification and identity authentication solutions primarily in the United States. The company offers solutions for bank and retail fraud prevention, law enforcement threat identification, and mobile and handheld access control and security systems.