Hartline Investment Corp increased its stake in shares of Impinj, Inc. (NASDAQ:PI) by 34.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,831 shares of the company’s stock after acquiring an additional 20,501 shares during the period. Impinj comprises about 1.0% of Hartline Investment Corp’s portfolio, making the stock its 26th largest position. Hartline Investment Corp owned about 0.38% of Impinj worth $3,322,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Carnegie Capital Asset Management LLC boosted its holdings in Impinj by 10.7% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 15,230 shares of the company’s stock valued at $747,000 after purchasing an additional 1,470 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Impinj by 95.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,621 shares of the company’s stock valued at $176,000 after buying an additional 1,765 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Impinj by 30.6% in the 2nd quarter. Global X Management Co. LLC now owns 8,073 shares of the company’s stock valued at $393,000 after buying an additional 1,892 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Impinj by 1,261.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,096 shares of the company’s stock valued at $102,000 after buying an additional 1,942 shares in the last quarter. Finally, Virtu KCG Holdings LLC raised its position in shares of Impinj by 40.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 9,570 shares of the company’s stock valued at $466,000 after buying an additional 2,764 shares in the last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.
In other news, Director Clinton Bybee acquired 4,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $24.43 per share, for a total transaction of $97,720.00. Following the completion of the transaction, the director now owns 4,417 shares of the company’s stock, valued at $107,907.31. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eric Brodersen sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $36.85, for a total transaction of $257,950.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,700 shares of company stock valued at $478,399. 15.20% of the stock is currently owned by corporate insiders.
Impinj, Inc. (NASDAQ PI) traded up $0.54 on Friday, reaching $22.53. 628,774 shares of the company’s stock traded hands, compared to its average volume of 459,395. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.97 and a current ratio of 7.49. Impinj, Inc. has a 1 year low of $19.97 and a 1 year high of $60.85. The firm has a market capitalization of $460.87, a P/E ratio of -59.29 and a beta of -2.16.
Impinj (NASDAQ:PI) last released its quarterly earnings data on Wednesday, November 1st. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The business had revenue of $32.60 million for the quarter, compared to analyst estimates of $32.58 million. Impinj had a negative return on equity of 1.15% and a negative net margin of 5.97%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 EPS. analysts forecast that Impinj, Inc. will post -0.41 earnings per share for the current year.
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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