First Trust Advisors LP raised its stake in Analogic Corp. (NASDAQ:ALOG) by 45.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,438 shares of the company’s stock after buying an additional 2,324 shares during the period. First Trust Advisors LP owned 0.06% of Analogic Corp. worth $591,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in Analogic Corp. during the second quarter valued at approximately $283,000. BNP Paribas Arbitrage SA raised 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 valued at $318,000 after buying an additional 2,051 shares during the last quarter. Capstone Asset Management Co. raised 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 valued at $344,000 after buying an additional 390 shares during the last quarter. Diversified Trust Co raised its position in 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 last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Analogic Corp. during the first quarter valued at about $506,000. Institutional investors and hedge funds own 99.81% of the company’s stock.
Analogic Corp. (NASDAQ:ALOG) traded down 0.94% during mid-day trading on Tuesday, hitting $86.86. 69,393 shares of the stock traded hands. The company has a 50-day moving average of $89.50 and a 200 day moving average of $83.69. Analogic Corp. has a 1-year low of $68.71 and a 1-year high of $94.39. The firm has a market capitalization of $1.08 billion, a P/E ratio of 90.48 and a beta of 0.92.
Analogic Corp. (NASDAQ:ALOG) last posted its quarterly earnings data on Wednesday, September 21st. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. The company 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 for the quarter was down 10.6% on a year-over-year basis. During the same quarter last year, the company posted $1.28 earnings per share. On average, equities research analysts anticipate that Analogic Corp. will post $4.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Thursday, September 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Wednesday, September 28th. Analogic Corp.’s dividend payout ratio (DPR) is 41.24%.
Several research firms have issued reports on ALOG. Zacks Investment Research upgraded shares of Analogic Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Brean Capital restated a “buy” rating and set a $100.00 price target (up previously from $90.00) on shares of Analogic Corp. in a report on Thursday, September 22nd.
In other Analogic Corp. news, insider Shalabh Chandra sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $81.82, for a total value of $102,275.00. Following the completion of the sale, the insider now owns 4,567 shares of the company’s stock, valued at $373,671.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James Patrick Ryan sold 500 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $82.96, for a total value of $41,480.00. Following the completion of the sale, the insider now directly owns 2,891 shares of the company’s stock, valued at approximately $239,837.36. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.
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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