Mesirow Financial Investment Management Inc. Acquires Shares of 2,094 InterDigital, Inc. (NASDAQ:IDCC)

Mesirow Financial Investment Management Inc. acquired a new stake in InterDigital, Inc. (NASDAQ:IDCC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,094 shares of the Wireless communications provider’s stock, valued at approximately $406,000.

Several other large investors also recently added to or reduced their stakes in the stock. One Wealth Advisors LLC lifted its position in shares of InterDigital by 1.8% in the 4th quarter. One Wealth Advisors LLC now owns 3,599 shares of the Wireless communications provider’s stock worth $697,000 after purchasing an additional 64 shares during the period. Savant Capital LLC lifted its position in shares of InterDigital by 2.8% in the 4th quarter. Savant Capital LLC now owns 2,379 shares of the Wireless communications provider’s stock worth $461,000 after purchasing an additional 64 shares during the period. Captrust Financial Advisors raised its stake in shares of InterDigital by 0.5% during the 3rd quarter. Captrust Financial Advisors now owns 13,876 shares of the Wireless communications provider’s stock worth $1,965,000 after acquiring an additional 68 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of InterDigital by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the Wireless communications provider’s stock worth $2,383,000 after acquiring an additional 100 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of InterDigital by 504.5% during the 4th quarter. Global Retirement Partners LLC now owns 133 shares of the Wireless communications provider’s stock worth $26,000 after acquiring an additional 111 shares in the last quarter. 99.83% of the stock is owned by hedge funds and other institutional investors.

InterDigital Trading Up 2.7 %

NASDAQ IDCC opened at $215.28 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.02. The firm has a market cap of $5.53 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The company has a 50 day moving average price of $195.60 and a 200 day moving average price of $174.20. InterDigital, Inc. has a 52 week low of $95.33 and a 52 week high of $231.96.

InterDigital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, April 9th. This is a positive change from InterDigital’s previous quarterly dividend of $0.45. InterDigital’s payout ratio is 19.93%.

Insider Buying and Selling

In other InterDigital news, insider Eeva K. Hakoranta sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $214.51, for a total transaction of $75,078.50. Following the transaction, the insider now owns 30,537 shares in the company, valued at approximately $6,550,491.87. This represents a 1.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lawrence Liren Chen sold 5,891 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $195.34, for a total transaction of $1,150,747.94. Following the transaction, the chief executive officer now owns 164,543 shares in the company, valued at $32,141,829.62. The trade was a 3.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,134 shares of company stock worth $4,678,770 in the last 90 days. 2.30% of the stock is owned by corporate insiders.

InterDigital Profile

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.