Captrust Financial Advisors Buys New Shares in Intellicheck, Inc. (NYSE:IDN)

Captrust Financial Advisors purchased a new position in shares of Intellicheck, Inc. (NYSE:IDN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 241,556 shares of the company's stock, valued at approximately $676,000. Captrust Financial Advisors owned about 1.22% of Intellicheck at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Renaissance Technologies LLC increased its stake in Intellicheck by 9.5% in the fourth quarter. Renaissance Technologies LLC now owns 114,000 shares of the company's stock valued at $319,000 after purchasing an additional 9,900 shares in the last quarter. Geode Capital Management LLC increased its stake in Intellicheck by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 199,835 shares of the company's stock valued at $560,000 after purchasing an additional 9,166 shares in the last quarter. Wilkinson Global Asset Management LLC increased its stake in Intellicheck by 7.2% in the fourth quarter. Wilkinson Global Asset Management LLC now owns 205,402 shares of the company's stock valued at $575,000 after purchasing an additional 13,825 shares in the last quarter. Corient Private Wealth LLC bought a new stake in Intellicheck in the fourth quarter valued at approximately $56,000. Finally, Topline Capital Management LLC bought a new stake in Intellicheck in the fourth quarter valued at approximately $3,248,000. 42.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen assumed coverage on shares of Intellicheck in a research note on Tuesday, April 22nd. They issued a "hold" rating for the company. Craig Hallum raised shares of Intellicheck from a "hold" rating to a "buy" rating and set a $6.00 price objective for the company in a research report on Wednesday. HC Wainwright set a $6.00 price objective on shares of Intellicheck and gave the stock a "buy" rating in a research report on Wednesday. Finally, DA Davidson raised shares of Intellicheck from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $3.00 to $5.50 in a research report on Tuesday.

Insider Transactions at Intellicheck

In related news, Director Gregory Braca sold 7,703 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $4.33, for a total value of $33,353.99. Following the completion of the transaction, the director now owns 823 shares of the company's stock, valued at approximately $3,563.59. This trade represents a 90.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.88% of the stock is owned by insiders.

Intellicheck Trading Up 17.7%

Shares of IDN stock traded up $0.69 during trading hours on Friday, hitting $4.59. 1,085,057 shares of the company were exchanged, compared to its average volume of 98,118. The business has a 50 day moving average of $2.77 and a two-hundred day moving average of $2.70. Intellicheck, Inc. has a 52 week low of $1.92 and a 52 week high of $4.78. The company has a market capitalization of $91.09 million, a PE ratio of -153.00 and a beta of 0.86.

About Intellicheck

Intellicheck, Inc, a technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America. The company offers solutions for digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce and retail commerce businesses, law enforcement, and government agencies.