Investing

Ophir Asset Management Sells Most of Identiv (INVE) Holdings

kadmy / iStock via Getty Images

Fintel reports that Ophir Asset Management Pty Ltd has filed a 13G/A form with the SEC disclosing ownership of 66,583 shares of Identiv Inc (INVE). This represents 0.3% of the company.

In their previous filing dated February 14, 2022 they reported 1,178,338 shares and 5.31% of the company, a decrease in shares of 94.35% and a decrease in total ownership of 5.01% (calculated as current – previous percent ownership).

Identiv, Inc. is a global provider of physical security and secure identification. Identiv’s products, software, systems, and services address the markets for physical and logical access control, video analytics, and a wide range of RFID-enabled applications.

What are other large shareholders doing?

Bleichroeder LP holds 2,634,495 shares representing 11.70% ownership of the company. No change in the last quarter.

Portolan Capital Management, LLC holds 2,052,095 shares representing 9.12% ownership of the company. In it’s prior filing, the firm reported owning 2,226,201 shares, representing a decrease of 8.48%. The firm increased its portfolio allocation in INVE by 4.78% over the last quarter.

Harbert Fund Advisors, Inc. holds 814,750 shares representing 3.62% ownership of the company. No change in the last quarter.

Wasatch Advisors Inc holds 743,787 shares representing 3.30% ownership of the company. In it’s prior filing, the firm reported owning 609,603 shares, representing an increase of 18.04%. The firm increased its portfolio allocation in INVE by 45.22% over the last quarter.

Marathon Capital Management holds 545,955 shares representing 2.43% ownership of the company. In it’s prior filing, the firm reported owning 380,055 shares, representing an increase of 30.39%. The firm increased its portfolio allocation in INVE by 37.57% over the last quarter.

What is the overall institutional sentiment?

There are 206 funds or institutions reporting positions in Identiv Inc. This is an increase of 4 owner(s) or 1.98%.

Average portfolio weight of all funds dedicated to Identiv Inc is 0.2645%, an increase of 16.2826%. Total shares owned by institutions increased in the last three months by 0.97% to 15,654,786 shares.

Based on this information, institutional sentiment is bullish.

This article originally appeared on Fintel

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.