Insider Buying: Intellicheck Inc (NYSEAMERICAN:IDN) Insider Acquires 11,700 Shares of Stock

Intellicheck Inc (NYSEAMERICAN:IDN) insider Bryan Lewis acquired 11,700 shares of the stock in a transaction dated Monday, May 21st. The shares were purchased at an average cost of $2.16 per share, with a total value of $25,272.00. Following the completion of the purchase, the insider now owns 500 shares of the company’s stock, valued at approximately $1,080. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Bryan Lewis also recently made the following trade(s):

  • On Thursday, May 17th, Bryan Lewis purchased 1,500 shares of Intellicheck stock. The stock was bought at an average cost of $2.03 per share, with a total value of $3,045.00.

Shares of NYSEAMERICAN IDN traded down $0.18 on Thursday, reaching $2.17. 24,112 shares of the company’s stock traded hands, compared to its average volume of 51,549. Intellicheck Inc has a 12 month low of $1.50 and a 12 month high of $4.03.

Intellicheck (NYSEAMERICAN:IDN) last announced its earnings results on Monday, May 14th. The industrial products company reported ($0.07) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.07). Intellicheck had a negative net margin of 111.19% and a negative return on equity of 28.67%. The business had revenue of $1.06 million during the quarter, compared to the consensus estimate of $1.12 million.

A hedge fund recently raised its stake in Intellicheck stock. Clear Harbor Asset Management LLC grew its position in shares of Intellicheck Inc (NYSEAMERICAN:IDN) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,197,462 shares of the industrial products company’s stock after buying an additional 56,300 shares during the quarter. Clear Harbor Asset Management LLC owned 7.99% of Intellicheck worth $3,066,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Zacks Investment Research downgraded shares of Intellicheck from a “hold” rating to a “sell” rating in a research note on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.10.

About Intellicheck

Intellicheck, Inc, a technology company, develops, integrates, and markets identity authentication systems for mobile and handheld access control and security systems primarily in the United States. The company provides identity systems products, including commercial identification products, such as IDvCheck SDK for software developers; Retail ID, an authentication solution that authenticates identification documents; Retail ID Online, authenticates an online user's identification documents; Retail ID Mobile that provides the fraud reduction benefits of Retail IDTM; Age ID, a designation for various hand held devices; Guest ID, a software application that speeds up check-in and ID verification at hotels and motels; IDvCheck POS, a software application that runs on various VeriFone devices; IDvCheck BHO, a browser helper object for Microsoft browser; IDvCheck PC, a standalone software solution; State Aware software; software products for data collection devices; and instant credit application kiosk software applications.

Insider Buying and Selling by Quarter for Intellicheck (NYSEAMERICAN:IDN)

Receive News & Ratings for Intellicheck Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intellicheck and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust.  In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours.  According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days.   Amazon’s audit  In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved.  Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books.   Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.
Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust. In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours. According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days. Amazon’s audit In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved. Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books. Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.

Leave a Reply