Diversified Trust Co raised its position in shares of Analogic Corp. (NASDAQ:ALOG) by 15.4% during the second quarter, Holdings Channel reports. The institutional investor owned 6,318 shares of the company’s stock after buying an additional 841 shares during the period. Diversified Trust Co’s holdings in Analogic Corp. were worth $502,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in Analogic Corp. by 24.5% in the first quarter. Legal & General Group Plc now owns 3,284 shares of the company’s stock worth $259,000 after buying an additional 646 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Analogic Corp. by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 4,009 shares of the company’s stock worth $318,000 after buying an additional 2,051 shares in the last quarter. Capstone Asset Management Co. boosted its position in Analogic Corp. by 9.9% in the second quarter. Capstone Asset Management Co. now owns 4,336 shares of the company’s stock worth $344,000 after buying an additional 390 shares in the last quarter. Arizona State Retirement System boosted its position in Analogic Corp. by 3.2% in the first quarter. Arizona State Retirement System now owns 6,361 shares of the company’s stock worth $503,000 after buying an additional 200 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Analogic Corp. during the first quarter worth about $506,000. 99.81% of the stock is owned by institutional investors and hedge funds.
Shares of Analogic Corp. (NASDAQ:ALOG) traded up 0.53% during mid-day trading on Tuesday, reaching $91.37. The company’s stock had a trading volume of 125,854 shares. Analogic Corp. has a 12 month low of $68.71 and a 12 month high of $94.39. The firm has a market cap of $1.13 billion, a PE ratio of 95.18 and a beta of 0.95. The company has a 50-day moving average of $89.34 and a 200-day moving average of $82.90.
Analogic Corp. (NASDAQ:ALOG) last released its earnings results on Wednesday, September 21st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by $0.15. The company had revenue of $138.10 million for the quarter, compared to analyst estimates of $139.03 million. Analogic Corp. had a return on equity of 7.83% and a net margin of 2.71%. The business’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period last year, the company posted $1.28 earnings per share. On average, analysts predict that Analogic Corp. will post $4.04 earnings per share for the current year.
The business 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. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, September 28th. Analogic Corp.’s dividend payout ratio (DPR) is currently 41.24%.
ALOG has been the subject of a number of research analyst reports. TheStreet raised Analogic Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th. Brean Capital reaffirmed a “buy” rating on shares of Analogic Corp. in a report on Thursday, June 2nd. Finally, Zacks Investment Research raised Analogic Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd.
In other news, insider James Patrick Ryan sold 545 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $86.51, for a total transaction of $47,147.95. Following the sale, the insider now directly owns 2,346 shares of the company’s stock, valued at approximately $202,952.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO James W. Green sold 500 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $91.25, for a total value 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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