Granite Investment Partners LLC Has $12.78 Million Holdings in Inter Parfums, Inc. (IPAR)
Granite Investment Partners LLC lifted its position in shares of Inter Parfums, Inc. (NASDAQ:IPAR) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,879 shares of the company’s stock after acquiring an additional 17,908 shares during the quarter. Granite Investment Partners LLC owned 0.99% of Inter Parfums worth $12,782,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund boosted its stake in shares of Inter Parfums by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 12,516 shares of the company’s stock worth $459,000 after acquiring an additional 129 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Inter Parfums by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 46,668 shares of the company’s stock worth $1,710,000 after acquiring an additional 232 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of Inter Parfums by 3.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 9,580 shares of the company’s stock worth $350,000 after acquiring an additional 280 shares in the last quarter. Strs Ohio boosted its stake in shares of Inter Parfums by 1.5% during the 2nd quarter. Strs Ohio now owns 20,500 shares of the company’s stock worth $751,000 after acquiring an additional 300 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Inter Parfums by 1.1% during the 1st quarter. Legal & General Group Plc now owns 28,664 shares of the company’s stock worth $1,048,000 after acquiring an additional 323 shares in the last quarter. 54.87% of the stock is currently owned by institutional investors and hedge funds.
Inter Parfums, Inc. (IPAR) traded up $0.65 during mid-day trading on Tuesday, reaching $42.95. 52,600 shares of the company’s stock were exchanged, compared to its average volume of 83,155. The firm has a market cap of $1,319.20, a P/E ratio of 31.10, a price-to-earnings-growth ratio of 2.67 and a beta of 1.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. Inter Parfums, Inc. has a 12 month low of $31.45 and a 12 month high of $46.80.
Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. The company had revenue of $169.50 million during the quarter, compared to the consensus estimate of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. Inter Parfums’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. analysts anticipate that Inter Parfums, Inc. will post 1.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.21 dividend. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.96%. Inter Parfums’s dividend payout ratio is presently 51.13%.
ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://theolympiareport.com/2017/11/21/granite-investment-partners-llc-has-12-78-million-holdings-in-inter-parfums-inc-ipar.html.
In other Inter Parfums news, Director Torres Robert Bensoussan sold 6,000 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $42.09, for a total value of $252,540.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patrick Choel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $41.59, for a total transaction of $31,192.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,250 shares of company stock valued at $382,733. 45.40% of the stock is owned by insiders.
A number of research analysts recently weighed in on IPAR shares. Sidoti lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. DA Davidson lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Thursday, October 26th. KeyCorp set a $44.00 price target on shares of Inter Parfums and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.00.
About Inter Parfums
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
Want to see what other hedge funds are holding IPAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Inter Parfums, Inc. (NASDAQ:IPAR).
Receive News & Ratings for Inter Parfums Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.