Vivaldi Asset Management adds Inteliquent Inc (IQNT) to its portfolio

Inteliquent Inc (IQNT) : Vivaldi Asset Management added new position in Inteliquent Inc during the most recent quarter end. The investment management firm now holds 67,695 shares of Inteliquent Inc which is valued at $1,095,305 , the company said in a statement filed on Aug 9, 2016 with the SEC.Inteliquent Inc makes up approximately 0.58% of Vivaldi Asset Management’s portfolio.

Other Hedge Funds, Including , Thompson Davis added IQNT to its portfolio by purchasing 11,975 company shares during the most recent quarter which is valued at $195,312. Inteliquent Inc makes up approx 0.30% of Thompson Davis’s portfolio. Spot Trading L.l.c added IQNT to its portfolio by purchasing 2,478 company shares during the most recent quarter which is valued at $40,639. Inteliquent Inc makes up approx 0.01% of Spot Trading L.l.c’s portfolio. Palo Capital added IQNT to its portfolio by purchasing 24,388 company shares during the most recent quarter which is valued at $507,758. Inteliquent Inc makes up approx 0.17% of Palo Capital’s portfolio.James Investment Research Inc reduced its stake in IQNT by selling 82,350 shares or 51.28% in the most recent quarter. The Hedge Fund company now holds 78,230 shares of IQNT which is valued at $1,585,722. Inteliquent Inc makes up approx 0.04% of James Investment Research Inc’s portfolio.

Inteliquent Inc closed down -0.34 points or -2.18% at $15.26 with 2,97,099 shares getting traded on Wednesday. Post opening the session at $15.66, the shares hit an intraday low of $15.22 and an intraday high of $15.66 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Inteliquent Inc reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.30. The company had revenue of $90.80 million for the quarter, compared to analysts expectations of $90.28 million. The company’s revenue was up 71.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on Inteliquent Inc. Shares were Reiterated by BWS Financial on Aug 3, 2016 to “Buy” and Lowered the Price Target to $ 24 from a previous price target of $30 .

Inteliquent Inc. is a provider of wholesale voice services for carriers and service providers. The Company offers voice telecommunications services using an all-Internet Protocol (IP) network which enables to deliver connectivity for a variety of media including voice and historically data and video. The Company’s solutions enable carriers and other providers to deliver voice traffic or other services where they do not have their own network. The Company provides voice interconnection services primarily to carriers including wireless wireline cable and broadband telephony companies. Its voice services allow carriers to exchange local and long distance traffic between their networks. The Company’s service offering includes managing network capacity between tandem switches and customers’ switches for improved network quality and reduced call blocking. The Company also provides customers with invoices management reports and call detail records in paper and electronic formats.

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