Teacher Retirement System of Texas increased its position in shares of Analogic Corp. (NASDAQ:ALOG) by 235.3% during the second quarter, Holdings Channel reports. The institutional investor owned 5,147 shares of the company’s stock after buying an additional 3,612 shares during the period. Teacher Retirement System of Texas’ holdings in Analogic Corp. were worth $409,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new stake in shares of Analogic Corp. during the second quarter valued at about $283,000. Princeton Alpha Management LP acquired a new stake in shares of Analogic Corp. during the second quarter valued at about $303,000. BNP Paribas Arbitrage SA increased its stake in shares of Analogic Corp. by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,009 shares of the company’s stock valued at $318,000 after buying an additional 2,051 shares during the period. Capstone Asset Management Co. increased its stake in shares of Analogic Corp. by 9.9% in the second quarter. Capstone Asset Management Co. now owns 4,336 shares of the company’s stock valued at $344,000 after buying an additional 390 shares during the period. Finally, Diversified Trust Co increased its stake in shares of Analogic Corp. by 15.4% in the second quarter. Diversified Trust Co now owns 6,318 shares of the company’s stock valued at $502,000 after buying an additional 841 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.
Analogic Corp. (NASDAQ:ALOG) traded down 0.34% on Friday, hitting $87.71. The stock had a trading volume of 115,036 shares. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 91.36 and a beta of 0.92. The company has a 50-day moving average price of $89.55 and a 200-day moving average price of $83.51. Analogic Corp. has a 52 week low of $68.71 and a 52 week high of $94.39.
Analogic Corp. (NASDAQ:ALOG) last posted its earnings results on Wednesday, September 21st. The company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. The firm had revenue of $138.10 million for the quarter, compared to analysts’ expectations of $139.03 million. Analogic Corp. had a return on equity of 7.33% and a net margin of 2.38%. The business’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 earnings per share. Equities research analysts anticipate that Analogic Corp. will post $4.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Thursday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Analogic Corp.’s dividend payout ratio is currently 41.24%.
ALOG has been the subject of several recent analyst reports. Brean Capital restated a “buy” rating and issued a $100.00 price target (up from $90.00) on shares of Analogic Corp. in a report on Thursday, September 22nd. Zacks Investment Research upgraded Analogic Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd.
In other news, insider Shalabh Chandra sold 2,650 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $90.00, for a total transaction of $238,500.00. Following the completion of the sale, the insider now directly owns 5,967 shares in the company, valued at $537,030. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO James W. Green sold 500 shares of the stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $91.25, for a total transaction of $45,625.00. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
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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