Hussman Strategic Advisors Inc. Acquires New Stake in Inter & Co. Inc. $INTR

Hussman Strategic Advisors Inc. acquired a new stake in Inter & Co. Inc. (NASDAQ:INTR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 105,000 shares of the company’s stock, valued at approximately $890,000.

Several other institutional investors have also added to or reduced their stakes in INTR. Wasatch Advisors LP bought a new stake in Inter & Co. Inc. in the 3rd quarter valued at $52,433,000. SPX Gestao de Recursos Ltda bought a new stake in Inter & Co. Inc. in the 3rd quarter valued at $18,930,000. WCM Investment Management LLC lifted its position in Inter & Co. Inc. by 21.3% in the 3rd quarter. WCM Investment Management LLC now owns 10,586,349 shares of the company’s stock valued at $98,135,000 after acquiring an additional 1,862,169 shares in the last quarter. William Blair Investment Management LLC lifted its position in Inter & Co. Inc. by 108.9% in the 3rd quarter. William Blair Investment Management LLC now owns 3,484,335 shares of the company’s stock valued at $32,160,000 after acquiring an additional 1,816,322 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Inter & Co. Inc. by 10,681.6% in the 2nd quarter. Sei Investments Co. now owns 1,683,012 shares of the company’s stock valued at $12,505,000 after acquiring an additional 1,667,402 shares in the last quarter. 22.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INTR has been the topic of several recent research reports. UBS Group reiterated a “buy” rating and issued a $12.00 price target on shares of Inter & Co. Inc. in a research note on Thursday, February 12th. Wall Street Zen lowered shares of Inter & Co. Inc. from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Inter & Co. Inc. in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $10.67.

Inter & Co. Inc. Price Performance

Shares of INTR stock opened at $7.52 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.08. Inter & Co. Inc. has a 1 year low of $6.40 and a 1 year high of $10.36. The firm’s fifty day moving average price is $8.22 and its two-hundred day moving average price is $8.65. The firm has a market capitalization of $3.31 billion, a P/E ratio of 13.93, a PEG ratio of 0.31 and a beta of 1.02.

Inter & Co. Inc. (NASDAQ:INTR) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Inter & Co. Inc. had a net margin of 12.01% and a return on equity of 13.54%. The firm had revenue of $404.32 million for the quarter, compared to analyst estimates of $441.78 million. On average, equities analysts predict that Inter & Co. Inc. will post 0.76 EPS for the current fiscal year.

Inter & Co. Inc. Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, March 5th. Stockholders of record on Sunday, February 22nd were paid a dividend of $0.1131 per share. The ex-dividend date was Friday, February 20th. This represents a dividend yield of 122.0%. This is a boost from Inter & Co. Inc.’s previous annual dividend of $0.08. Inter & Co. Inc.’s dividend payout ratio (DPR) is presently 20.37%.

About Inter & Co. Inc.

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application. The Securities segment is involved in the acquisition, sale and custody of securities, the structuring and distribution of securities in the capital market, and the provision of administration services to investment funds.