Campbell & CO Investment Adviser LLC Takes $218,000 Position in Inter Parfums, Inc. (IPAR)

Campbell & CO Investment Adviser LLC bought a new position in Inter Parfums, Inc. (NASDAQ:IPAR) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 5,288 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acrospire Investment Management LLC raised its position in shares of Inter Parfums by 68.9% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after buying an additional 1,296 shares during the period. State of Alaska Department of Revenue raised its position in shares of Inter Parfums by 78.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,380 shares of the company’s stock valued at $123,000 after buying an additional 1,490 shares during the period. Victory Capital Management Inc. raised its position in shares of Inter Parfums by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock valued at $150,000 after buying an additional 614 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of Inter Parfums by 68.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,500 shares of the company’s stock valued at $238,000 after buying an additional 2,640 shares during the period. Finally, AHL Partners LLP purchased a new stake in shares of Inter Parfums during the 2nd quarter valued at approximately $242,000. 55.73% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. 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 report on Thursday, October 26th. Sidoti lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Citigroup reaffirmed a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Finally, BidaskClub raised shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $44.00.

Shares of Inter Parfums, Inc. (NASDAQ IPAR) opened at $44.10 on Friday. The stock has a market capitalization of $1,370.00, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 2.79 and a beta of 1.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 2.54. Inter Parfums, Inc. has a 12-month low of $31.45 and a 12-month high of $46.80.

Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $169.50 million for the quarter, compared to analyst estimates of $160.52 million. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 earnings per share. equities research analysts expect that Inter Parfums, Inc. will post 1.29 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.21 dividend. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.90%. Inter Parfums’s payout ratio is presently 51.52%.

In other Inter Parfums news, Director Torres Robert Bensoussan sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $42.09, for a total value of $252,540.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patrick Choel sold 750 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $41.59, for a total value of $31,192.50. The disclosure for this sale can be found here. 45.40% of the stock is owned by insiders.

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Inter Parfums Company Profile

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.

Institutional Ownership by Quarter for Inter Parfums (NASDAQ:IPAR)

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