Heartland Advisors Inc. is Buying Intricon Corp (NASDAQ:IIN) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Intricon Corp (NASDAQ:IIN) reported that Heartland Advisors Inc. has picked up 804,877 of common stock as of 2017-04-06.

The acquisition brings the aggregate amount owned by Heartland Advisors Inc. to a total of 804,877 representing a 1.8% stake in the company.

For those not familiar with the company, IntriCon Corporation is engaged in designing, developing, engineering, manufacturing and distributing body-worn devices. The Company operates through body-worn device segment. The Company serves the body-worn device market by designing, developing, engineering and manufacturing micro-miniature products, microelectronics, micro-mechanical assemblies, complete assemblies and software solutions, primarily for the value hearing health market, the medical bio-telemetry market and the professional audio communication market. The Company has facilities in Minnesota, California, Singapore, Indonesia, the United Kingdom and Germany, and operates through its subsidiaries. The Company’s product offering includes a hearing aid discount program for health plans. This program is available around the nation to health insurers, including employer-sponsored, individual and Medicare plans. The Company also has various international value hearing aid (VHA) initiatives.

A glance at Intricon Corp (NASDAQ:IIN)’s key stats reveals a current market capitalization of 55.30 Million based on 6.82 Million shares outstanding and a price at last close of $8.30 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2013-08-13, Longval picked up 1,000 at a purchase price of $3.00. This brings their total holding to 16,929 as of the date of the filing.

On the sell side, the most recent transaction saw Geraci unload 2,542 shares at a sale price of $7.58. This brings their total holding to 1,426.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Intricon Corp (NASDAQ:IIN) as things move forward to see if its progress aligns with these transactions.

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