196,889 Shares in Inter & Co. Inc. (NASDAQ:INTR) Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP acquired 196,889 shares of Inter & Co. Inc. in the first quarter, worth approximately $1,079,000, indicating institutional interest in the company.
• Inter & Co. Inc. reported earnings of $0.11 per share, which missed analysts' expectations of $0.12, alongside revenues of $323.40 million that fell short of the consensus estimate of $1.89 billion.
• The company's stock is currently valued at $6.54, showing a 2.4% decrease, with a twelve-month low of $3.88 and high of $7.84, reflecting volatility in its market performance.

GSA Capital Partners LLP purchased a new stake in shares of Inter & Co. Inc. (NASDAQ:INTR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 196,889 shares of the company's stock, valued at approximately $1,079,000.

Several other hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its stake in Inter & Co. Inc. by 9.3% in the 4th quarter. American Century Companies Inc. now owns 216,890 shares of the company's stock valued at $915,000 after buying an additional 18,422 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Inter & Co. Inc. in the fourth quarter valued at about $187,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Inter & Co. Inc. by 6.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246,174 shares of the company's stock worth $985,000 after purchasing an additional 14,192 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Inter & Co. Inc. by 11.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 177,197 shares of the company's stock valued at $748,000 after buying an additional 18,190 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new stake in shares of Inter & Co. Inc. in the 4th quarter valued at approximately $1,306,000. Hedge funds and other institutional investors own 22.90% of the company's stock.

Inter & Co. Inc. Stock Up 1.0%

NASDAQ INTR traded up $0.07 during trading on Tuesday, reaching $6.59. The company's stock had a trading volume of 1,102,500 shares, compared to its average volume of 2,385,570. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.90 billion, a PE ratio of 16.06, a PEG ratio of 0.35 and a beta of 1.12. Inter & Co. Inc. has a 1-year low of $3.88 and a 1-year high of $7.84. The business has a 50-day moving average price of $7.06 and a 200-day moving average price of $6.20.

Inter & Co. Inc. (NASDAQ:INTR - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $323.40 million for the quarter, compared to the consensus estimate of $1.89 billion. Inter & Co. Inc. had a return on equity of 10.88% and a net margin of 11.87%. On average, research analysts forecast that Inter & Co. Inc. will post 0.48 earnings per share for the current fiscal year.

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.