Intersections Inc. (NASDAQ:INTX) major shareholder Wc Sacd One Parent, Inc. acquired 13,435,388 shares of the stock in a transaction dated Monday, January 7th. The stock was bought at an average price of $3.68 per share, for a total transaction of $49,442,227.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
INTX stock opened at $3.67 on Friday. Intersections Inc. has a 1-year low of $1.29 and a 1-year high of $3.69. The company has a market capitalization of $89.65 million, a PE ratio of 28.23 and a beta of -0.71. The company has a debt-to-equity ratio of 21.59, a quick ratio of 1.06 and a current ratio of 1.06.
Intersections (NASDAQ:INTX) last released its quarterly earnings data on Friday, November 9th. The business services provider reported ($0.05) earnings per share for the quarter. Intersections had a net margin of 2.04% and a return on equity of 406.15%. The company had revenue of $37.49 million during the quarter.
Separately, TheStreet upgraded Intersections from a “d-” rating to a “c” rating in a research note on Tuesday, November 27th.
Hedge funds have recently added to or reduced their stakes in the company. PEAK6 Investments L.P. bought a new stake in shares of Intersections in the 2nd quarter valued at approximately $692,000. PEAK6 Investments LLC bought a new stake in shares of Intersections in the 3rd quarter valued at approximately $976,000. Finally, Renaissance Technologies LLC grew its stake in shares of Intersections by 1.7% in the 3rd quarter. Renaissance Technologies LLC now owns 984,400 shares of the business services provider’s stock valued at $1,782,000 after purchasing an additional 16,300 shares during the period. Institutional investors own 23.93% of the company’s stock.
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Intersections Company Profile
Intersections Inc provides identity risk management and privacy protection services in the United States and Canada. The company's Personal Information Services segment offers privacy, personal information security, and identity theft monitoring and remediation services for consumers to understand, monitor, manage, and protect against the risks associated with their personal information.
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