Bamco Inc. NY grew its holdings in shares of IMPINJ Inc (NASDAQ:PI) by 93.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 155,000 shares of the company’s stock after acquiring an additional 75,000 shares during the quarter. Bamco Inc. NY owned 0.74% of IMPINJ worth $3,492,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bronfman E.L. Rothschild L.P. acquired a new position in shares of IMPINJ in the third quarter valued at approximately $116,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of IMPINJ in the third quarter valued at approximately $128,000. WealthTrust Arizona LLC acquired a new position in shares of IMPINJ in the fourth quarter valued at approximately $144,000. Rainier Group Investment Advisory LLC acquired a new position in shares of IMPINJ in the third quarter valued at approximately $208,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of IMPINJ in the fourth quarter valued at approximately $225,000. 80.30% of the stock is owned by hedge funds and other institutional investors.
Shares of IMPINJ stock opened at $13.60 on Monday. IMPINJ Inc has a twelve month low of $9.95 and a twelve month high of $60.85. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.52 and a quick ratio of 4.15.
In other IMPINJ news, Director Oppen Peter H. Van purchased 47,773 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of $12.61 per share, for a total transaction of $602,417.53. Following the acquisition, the director now owns 82,455 shares of the company’s stock, valued at $1,039,757.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey Dossett purchased 8,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were acquired at an average price of $12.75 per share, for a total transaction of $102,000.00. The disclosure for this purchase can be found here. 15.20% of the stock is currently owned by corporate insiders.
Several research analysts have recently issued reports on the company. BidaskClub raised IMPINJ from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 1st. Canaccord Genuity reiterated a “hold” rating on shares of IMPINJ in a report on Friday, February 16th. Piper Jaffray Companies upgraded IMPINJ from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 6th. Morgan Stanley reduced their target price on IMPINJ from $27.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, February 5th. Finally, Dougherty & Co cut IMPINJ from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.29.
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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