ClariVest Asset Management LLC lessened its stake in IntriCon Co. (NASDAQ:IIN) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,900 shares of the technology company’s stock after selling 900 shares during the period. ClariVest Asset Management LLC’s holdings in IntriCon were worth $261,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC grew its position in shares of IntriCon by 3.1% during the 3rd quarter. Acadian Asset Management LLC now owns 56,179 shares of the technology company’s stock valued at $3,157,000 after acquiring an additional 1,715 shares during the period. Navellier & Associates Inc grew its position in shares of IntriCon by 4.4% during the 4th quarter. Navellier & Associates Inc now owns 42,357 shares of the technology company’s stock valued at $1,117,000 after acquiring an additional 1,785 shares during the period. First Mercantile Trust Co. bought a new stake in shares of IntriCon during the 3rd quarter valued at $159,000. Bank of New York Mellon Corp grew its position in shares of IntriCon by 17.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 21,512 shares of the technology company’s stock valued at $1,209,000 after acquiring an additional 3,131 shares during the period. Finally, Rhumbline Advisers grew its position in shares of IntriCon by 58.9% during the 4th quarter. Rhumbline Advisers now owns 9,104 shares of the technology company’s stock valued at $240,000 after acquiring an additional 3,375 shares during the period. 59.83% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of IntriCon from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday, October 24th. ValuEngine downgraded shares of IntriCon from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 7th. BidaskClub downgraded shares of IntriCon from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Dougherty & Co raised shares of IntriCon from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a report on Thursday, January 3rd. Finally, Stifel Nicolaus dropped their target price on shares of IntriCon from $70.00 to $45.00 and set a “buy” rating for the company in a report on Friday, January 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $50.25.

Shares of IntriCon stock opened at $27.51 on Tuesday. The firm has a market capitalization of $237.71 million, a P/E ratio of 94.86, a PEG ratio of 2.89 and a beta of 1.24. IntriCon Co. has a fifty-two week low of $17.05 and a fifty-two week high of $76.80.

In related news, VP Greg Gruenhagen sold 1,500 shares of the company’s stock in a transaction on Thursday, January 3rd. The shares were sold at an average price of $25.37, for a total value of $38,055.00. Following the completion of the transaction, the vice president now owns 2,455 shares of the company’s stock, valued at approximately $62,283.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 21.20% of the company’s stock.

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IntriCon Company Profile

IntriCon Corporation, together with its subsidiaries, designs, develops, engineers, manufactures, and distributes body-worn devices in the United States, Europe, Asia, and internationally. The company operates in two segments, Body Worn Devices and Hearing Health Direct-To-Consumer. It offers micro-miniature products, microelectronics; micro-mechanical assemblies; high-precision injection-molded plastic components; and assemblies and software solutions for medical bio-telemetry devices, hearing healthcare, and professional audio communication devices markets.

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Institutional Ownership by Quarter for IntriCon (NASDAQ:IIN)

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