Impinj, Inc. (PI) Shares Bought by Bamco Inc. NY
Bamco Inc. NY lifted its stake in Impinj, Inc. (NASDAQ:PI) by 60.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,000 shares of the company’s stock after acquiring an additional 30,000 shares during the period. Bamco Inc. NY owned approximately 0.38% of Impinj worth $3,329,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Carnegie Capital Asset Management LLC grew its stake in shares of Impinj by 10.7% in the second quarter. Carnegie Capital Asset Management LLC now owns 15,230 shares of the company’s stock worth $747,000 after acquiring an additional 1,470 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Impinj by 95.1% in the second quarter. PNC Financial Services Group Inc. now owns 3,621 shares of the company’s stock worth $176,000 after acquiring an additional 1,765 shares during the last quarter. Global X Management Co. LLC lifted its position in Impinj by 30.6% in the second quarter. Global X Management Co. LLC now owns 8,073 shares of the company’s stock worth $393,000 after purchasing an additional 1,892 shares during the period. BNP Paribas Arbitrage SA lifted its position in Impinj by 1,261.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,096 shares of the company’s stock worth $102,000 after purchasing an additional 1,942 shares during the period. Finally, Virtu KCG Holdings LLC lifted its position in Impinj by 40.6% in the second quarter. Virtu KCG Holdings LLC now owns 9,570 shares of the company’s stock worth $466,000 after purchasing an additional 2,764 shares during the period. Institutional investors and hedge funds own 82.95% of the company’s stock.
Impinj, Inc. (PI) opened at $23.17 on Friday. Impinj, Inc. has a 12-month low of $19.97 and a 12-month high of $60.85. The company has a quick ratio of 4.97, a current ratio of 7.49 and a debt-to-equity ratio of 0.06.
Impinj (NASDAQ:PI) last issued its quarterly earnings data on Wednesday, November 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04). The company had revenue of $32.60 million for the quarter, compared to the consensus estimate of $32.58 million. Impinj had a negative net margin of 5.97% and a negative return on equity of 1.15%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. research analysts predict that Impinj, Inc. will post -0.41 EPS for the current fiscal year.
In other Impinj news, COO Eric Brodersen sold 3,500 shares of Impinj stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $39.36, for a total transaction of $137,760.00. Following the completion of the transaction, the chief operating officer now directly owns 92,843 shares of the company’s stock, valued at $3,654,300.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Evan Fein sold 3,300 shares of Impinj stock in a transaction on Friday, December 1st. The shares were sold at an average price of $25.19, for a total value of $83,127.00. Following the transaction, the chief financial officer now directly owns 15,100 shares of the company’s stock, valued at $380,369. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,200 shares of company stock valued at $895,109. Company insiders own 15.20% of the company’s stock.
PI has been the subject of several research reports. BidaskClub raised Impinj from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. Zacks Investment Research cut Impinj from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $34.00 target price (down from $45.00) on shares of Impinj in a research report on Thursday, November 2nd. KeyCorp reaffirmed a “hold” rating on shares of Impinj in a research report on Wednesday, August 23rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $35.00 target price (down from $50.00) on shares of Impinj in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.33.
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Impinj Company Profile
Impinj, Inc is a provider of RAIN radio frequency identification (RFID) solutions. The Company sells a platform that includes endpoint integrated circuits (ICs), reader ICs, readers and gateways that enable wireless connectivity to everyday items, and software that delivers Item Intelligence from endpoint reads.
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