Analogic Corp. (NASDAQ:ALOG) was down 2.5% during trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $88.85 and last traded at $89.32, with a volume of 114,256 shares. The stock had previously closed at $91.62.

The company reported $1.02 EPS for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. The company had revenue of $138.10 million for the quarter, compared to the consensus estimate of $139.03 million. Analogic Corp. had a return on equity of 7.83% and a net margin of 2.71%. Analogic Corp.’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.28 earnings per share.

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 paid 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 yield of 0.44%. Analogic Corp.’s payout ratio is currently 35.40%.

A number of brokerages recently commented on ALOG. Zacks Investment Research upgraded Analogic Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Brean Capital restated a “buy” rating on shares of Analogic Corp. in a research note on Thursday, June 2nd. Finally, TheStreet upgraded Analogic Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th.

In other news, insider James Patrick Ryan sold 500 shares of the company’s stock in a transaction 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 owns 2,891 shares in the company, valued at $239,837.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shalabh Chandra sold 1,250 shares of the company’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $90.50, for a total value of $113,125.00. Following the completion of the sale, the insider now owns 2,839 shares of the company’s stock, valued at approximately $256,929.50. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in ALOG. Macquarie Group Ltd. purchased a new stake in shares of Analogic Corp. during the second quarter valued at $1,600,000. Mason Street Advisors LLC purchased a new stake in shares of Analogic Corp. during the second quarter valued at $192,000. Calvert Investment Management Inc. raised its stake in shares of Analogic Corp. by 19.6% in the second quarter. Calvert Investment Management Inc. now owns 41,378 shares of the company’s stock valued at $3,287,000 after buying an additional 6,775 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Analogic Corp. by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,908 shares of the company’s stock valued at $4,601,000 after buying an additional 877 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of Analogic Corp. by 6.1% in the second quarter. Stifel Financial Corp now owns 66,347 shares of the company’s stock valued at $5,270,000 after buying an additional 3,798 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 80.66 and a beta of 0.95. The firm’s 50 day moving average is $88.88 and its 200 day moving average is $82.50.

About Analogic Corp.

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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