Analogic Corp. (ALOG) To Go Ex-Dividend on September 28th
Analogic Corp. (NASDAQ:ALOG) announced a quarterly dividend on Wednesday, September 21st. Stockholders of record on Thursday, September 1st will be paid a dividend of 0.10 per share on Wednesday, October 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, September 28th.
Shares of Analogic Corp. (NASDAQ:ALOG) opened at 91.95 on Friday. Analogic Corp. has a 1-year low of $68.71 and a 1-year high of $94.39. The firm has a market cap of $1.14 billion, a PE ratio of 80.66 and a beta of 0.95. The company has a 50-day moving average of $88.88 and a 200-day moving average of $82.50.
Analogic Corp. (NASDAQ:ALOG) last issued its quarterly earnings data 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. Analogic Corp. had a net margin of 2.38% and a return on equity of 7.35%. The firm earned $138.10 million during the quarter, compared to analysts’ expectations of $139.03 million. During the same quarter in the prior year, the firm posted $1.28 EPS. Analogic Corp.’s quarterly revenue was down 10.6% compared to the same quarter last year. Analysts predict that Analogic Corp. will post $4.65 earnings per share for the current fiscal year.
In other news, 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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the insider now owns 4,567 shares of the company’s stock, valued at approximately $373,671.94. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in ALOG. BlackRock Fund Advisors boosted its stake in Analogic Corp. by 6.2% in the second quarter. BlackRock Fund Advisors now owns 860,775 shares of the company’s stock valued at $68,380,000 after buying an additional 50,566 shares during the period. Riverhead Capital Management LLC boosted its stake in Analogic Corp. by 844.2% in the second quarter. Riverhead Capital Management LLC now owns 29,082 shares of the company’s stock valued at $1,647,000 after buying an additional 26,002 shares during the period. Snyder Capital Management L P boosted its stake in Analogic Corp. by 10.9% in the second quarter. Snyder Capital Management L P now owns 211,966 shares of the company’s stock valued at $16,839,000 after buying an additional 20,916 shares during the period. Paradigm Asset Management Co. LLC boosted its stake in Analogic Corp. by 898.8% in the second quarter. Paradigm Asset Management Co. LLC now owns 8,300 shares of the company’s stock valued at $659,000 after buying an additional 7,469 shares during the period. Finally, Stevens Capital Management LP bought a new stake in Analogic Corp. during the second quarter valued at approximately $573,000. Institutional investors and hedge funds own 99.81% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Analogic Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Brean Capital reissued a “buy” rating on shares of Analogic Corp. in a research note on Thursday, June 2nd. Finally, TheStreet raised shares of Analogic Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th.
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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