Analogic Corp. (NASDAQ:ALOG) CEO James W. Green sold 2,000 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $88.34, for a total transaction of $176,680.00. Following the completion of the sale, the chief executive officer now directly owns 36,531 shares in the company, valued at $3,227,148.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Analogic Corp. (NASDAQ:ALOG) traded down 0.91% on Wednesday, reaching $85.59. 88,311 shares of the company’s stock traded hands. The company’s 50 day moving average is $89.33 and its 200-day moving average is $83.72. Analogic Corp. has a 52-week low of $68.71 and a 52-week high of $94.39. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 89.16 and a beta of 0.92.
Analogic Corp. (NASDAQ:ALOG) last issued its quarterly earnings results on Wednesday, September 21st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The business earned $138.10 million during the quarter, compared to the consensus estimate of $139.03 million. Analogic Corp. had a return on equity of 7.33% and a net margin of 2.38%. The firm’s revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share. Equities analysts expect that Analogic Corp. will post $4.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Thursday, September 1st will be paid a $0.10 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.47%. Analogic Corp.’s payout ratio is 41.24%.
A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its stake in shares of Analogic Corp. by 976.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,302 shares of the company’s stock valued at $103,000 after buying an additional 1,181 shares during the period. PineBridge Investments L.P. increased its stake in shares of Analogic Corp. by 3.5% in the second quarter. PineBridge Investments L.P. now owns 1,570 shares of the company’s stock valued at $125,000 after buying an additional 53 shares during the period. Mason Street Advisors LLC purchased a new stake in shares of Analogic Corp. during the second quarter valued at approximately $192,000. Profund Advisors LLC increased its stake in shares of Analogic Corp. by 2.5% in the second quarter. Profund Advisors LLC now owns 2,748 shares of the company’s stock valued at $218,000 after buying an additional 68 shares during the period. Finally, AHL Partners LLP purchased a new stake in shares of Analogic Corp. during the second quarter valued at approximately $226,000. 99.81% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Analogic Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Brean Capital reaffirmed a “buy” rating and issued a $100.00 target price (up from $90.00) on shares of Analogic Corp. in a report on Thursday, September 22nd.
Analogic Corp. Company Profile
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies to advance the practice of medicine and save lives. The Company operates through three business segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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