2,811 Shares in Inter Parfums, Inc. (NASDAQ:IPAR) Purchased by Walleye Capital LLC

Walleye Capital LLC acquired a new position in Inter Parfums, Inc. (NASDAQ:IPARGet Rating) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 2,811 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Inter Parfums by 0.9% in the 1st quarter. BlackRock Inc. now owns 2,686,964 shares of the company’s stock valued at $236,587,000 after purchasing an additional 24,932 shares during the last quarter. Vanguard Group Inc. raised its stake in Inter Parfums by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 2,012,813 shares of the company’s stock valued at $177,228,000 after purchasing an additional 29,386 shares during the last quarter. Royce & Associates LP raised its stake in Inter Parfums by 22.3% in the 2nd quarter. Royce & Associates LP now owns 894,782 shares of the company’s stock valued at $65,373,000 after purchasing an additional 163,448 shares during the last quarter. Copeland Capital Management LLC raised its stake in Inter Parfums by 15.6% in the 2nd quarter. Copeland Capital Management LLC now owns 635,570 shares of the company’s stock valued at $46,435,000 after purchasing an additional 85,962 shares during the last quarter. Finally, State Street Corp raised its stake in Inter Parfums by 4.1% in the 1st quarter. State Street Corp now owns 577,306 shares of the company’s stock valued at $50,832,000 after purchasing an additional 22,972 shares during the last quarter. Institutional investors and hedge funds own 55.58% of the company’s stock.

Inter Parfums Stock Down 0.1 %

NASDAQ IPAR opened at $88.02 on Friday. The stock has a market cap of $2.81 billion, a PE ratio of 27.34, a P/E/G ratio of 1.72 and a beta of 0.96. Inter Parfums, Inc. has a fifty-two week low of $64.52 and a fifty-two week high of $108.35. The business has a 50 day moving average price of $79.43 and a two-hundred day moving average price of $77.30. The company has a quick ratio of 1.71, a current ratio of 2.85 and a debt-to-equity ratio of 0.15.

Inter Parfums Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, December 14th. Inter Parfums’s dividend payout ratio is presently 62.11%.

Wall Street Analyst Weigh In

IPAR has been the subject of a number of research analyst reports. Piper Sandler upped their price objective on shares of Inter Parfums to $108.00 in a research note on Wednesday. TheStreet raised shares of Inter Parfums from a “c+” rating to a “b-” rating in a research report on Monday, August 15th. StockNews.com started coverage on shares of Inter Parfums in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, DA Davidson upped their price target on Inter Parfums from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, November 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.50.

Insider Activity

In other news, Director Veronique Gabai-Pinsky sold 2,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $82.42, for a total transaction of $164,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Veronique Gabai-Pinsky sold 2,000 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $82.42, for a total transaction of $164,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Russell Greenberg sold 2,489 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $78.51, for a total value of $195,411.39. Following the transaction, the chief financial officer now owns 7,500 shares of the company’s stock, valued at $588,825. The disclosure for this sale can be found here. Company insiders own 44.20% of the company’s stock.

Inter Parfums Company Profile

(Get Rating)

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lily Aldridge, Lanvin, Moncler, Montblanc, Rochas, S.T.

Further Reading

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

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