Analogic Corp. (ALOG) Stake Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its position in Analogic Corp. (NASDAQ:ALOG) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 635,169 shares of the company’s stock after buying an additional 34,287 shares during the period. Dimensional Fund Advisors LP owned approximately 5.13% of Analogic Corp. worth $50,458,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Systematic Financial Management LP raised its position in Analogic Corp. by 2.9% in the second quarter. Systematic Financial Management LP now owns 21,387 shares of the company’s stock worth $1,698,000 after buying an additional 605 shares during the last quarter. Teacher Retirement System of Texas raised its position in Analogic Corp. by 235.3% in the second quarter. Teacher Retirement System of Texas now owns 5,147 shares of the company’s stock worth $409,000 after buying an additional 3,612 shares during the last quarter. Tributary Capital Management LLC raised its position in Analogic Corp. by 11.7% in the second quarter. Tributary Capital Management LLC now owns 110,817 shares of the company’s stock worth $8,803,000 after buying an additional 11,608 shares during the last quarter. SECOR Capital Advisors LP raised its position in Analogic Corp. by 45.7% in the second quarter. SECOR Capital Advisors LP now owns 16,124 shares of the company’s stock worth $1,281,000 after buying an additional 5,057 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Analogic Corp. by 3.6% in the second quarter. Victory Capital Management Inc. now owns 156,219 shares of the company’s stock worth $12,410,000 after buying an additional 5,440 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.
Analogic Corp. (NASDAQ:ALOG) traded down 0.34% during trading on Friday, hitting $87.71. 115,036 shares of the stock traded hands. The stock has a market cap of $1.09 billion, a P/E ratio of 91.36 and a beta of 0.92. Analogic Corp. has a 52-week low of $68.71 and a 52-week high of $94.39. The stock has a 50 day moving average price of $89.55 and a 200-day moving average price of $83.51.
Analogic Corp. (NASDAQ:ALOG) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $1.02 EPS 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 analysts’ expectations of $139.03 million. Analogic Corp. had a net margin of 2.38% and a return on equity of 7.33%. The business’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 earnings per share. On average, analysts anticipate that Analogic Corp. will post $4.04 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Thursday, September 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Wednesday, September 28th. Analogic Corp.’s dividend payout ratio is presently 41.24%.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Analogic Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Brean Capital reiterated a “buy” rating and issued a $100.00 price target (up from $90.00) on shares of Analogic Corp. in a research report on Thursday, September 22nd.
In other Analogic Corp. news, CEO James W. Green sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $91.25, for a total transaction of $45,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shalabh Chandra sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $90.50, for a total transaction of $113,125.00. Following the transaction, the insider now directly owns 2,839 shares of the company’s stock, valued at $256,929.50. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
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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