Analogic Corp. (ALOG) CEO Sells $176,680.00 in Stock
Analogic Corp. (NASDAQ:ALOG) CEO James W. Green sold 2,000 shares of Analogic Corp. stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $88.34, for a total value of $176,680.00. Following the completion of the sale, the chief executive officer now owns 36,531 shares of the company’s stock, valued at $3,227,148.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Analogic Corp. (NASDAQ:ALOG) opened at 83.09 on Monday. Analogic Corp. has a one year low of $68.71 and a one year high of $94.39. The company has a market capitalization of $1.03 billion, a P/E ratio of 86.55 and a beta of 0.92. The firm has a 50-day moving average of $89.05 and a 200-day moving average of $83.78.
Analogic Corp. (NASDAQ:ALOG) last issued its earnings results on Wednesday, September 21st. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by $0.15. Analogic Corp. had a return on equity of 7.33% and a net margin of 2.38%. The company earned $138.10 million during the quarter, compared to analyst estimates of $139.03 million. During the same period last year, the business earned $1.28 earnings per share. The firm’s revenue was down 10.6% compared to the same quarter last year. On average, analysts anticipate that Analogic Corp. will post $4.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 12th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Wednesday, September 28th. Analogic Corp.’s dividend payout ratio is presently 41.24%.
Several research firms recently weighed in on ALOG. Zacks Investment Research upgraded Analogic Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Brean Capital reiterated a “buy” rating and issued a $100.00 target price (up from $90.00) on shares of Analogic Corp. in a report on Thursday, September 22nd.
Several institutional investors have recently added to or reduced their stakes in ALOG. Silvercrest Asset Management Group LLC boosted its position in Analogic Corp. by 2.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 584,860 shares of the company’s stock worth $46,210,000 after buying an additional 13,355 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Analogic Corp. during the second quarter worth $260,000. Goldman Sachs Group Inc. boosted its position in Analogic Corp. by 9.9% in the first quarter. Goldman Sachs Group Inc. now owns 15,038 shares of the company’s stock worth $1,188,000 after buying an additional 1,351 shares in the last quarter. Daruma Capital Management LLC boosted its position in Analogic Corp. by 3.7% in the first quarter. Daruma Capital Management LLC now owns 578,814 shares of the company’s stock worth $45,732,000 after buying an additional 20,910 shares in the last quarter. Finally, Victory Capital Management Inc. boosted 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 in the last quarter. Institutional investors and hedge funds own 99.81% 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.
Receive News & Ratings for Analogic Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analogic Corp. and related companies with MarketBeat.com's FREE daily email newsletter.