Insider Selling: Analogic Co. (ALOG) Insider Sells 180 Shares of Stock
Analogic Co. (NASDAQ:ALOG) insider James Patrick Ryan sold 180 shares of the business’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $71.25, for a total transaction of $12,825.00. Following the transaction, the insider now directly owns 1,490 shares in the company, valued at $106,162.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
James Patrick Ryan also recently made the following trade(s):
- On Wednesday, March 15th, James Patrick Ryan sold 180 shares of Analogic stock. The stock was sold at an average price of $74.65, for a total transaction of $13,437.00.
- On Wednesday, February 15th, James Patrick Ryan sold 180 shares of Analogic stock. The stock was sold at an average price of $81.10, for a total transaction of $14,598.00.
Analogic Co. (NASDAQ:ALOG) traded down 0.78% during mid-day trading on Tuesday, reaching $70.00. 52,076 shares of the company traded hands. Analogic Co. has a 52-week low of $69.65 and a 52-week high of $95.85. The company has a market capitalization of $874.23 million, a P/E ratio of 37.57 and a beta of 0.85. The stock has a 50 day moving average price of $75.45 and a 200-day moving average price of $81.61.
Analogic (NASDAQ:ALOG) last released its quarterly earnings data on Monday, March 6th. The medical research company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.21. Analogic had a return on equity of 7.14% and a net margin of 2.58%. The firm had revenue of $131.50 million for the quarter, compared to the consensus estimate of $130.45 million. During the same quarter in the prior year, the company posted $1.18 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Analysts expect that Analogic Co. will post $2.71 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.57%. Analogic’s dividend payout ratio is currently 37.74%.
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Institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its position in shares of Analogic by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 5,100 shares of the medical research company’s stock valued at $387,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. increased its position in shares of Analogic by 17.9% in the first quarter. Capstone Asset Management Co. now owns 3,826 shares of the medical research company’s stock valued at $290,000 after buying an additional 580 shares during the period. First National Bank of Omaha increased its position in shares of Analogic by 18.6% in the first quarter. First National Bank of Omaha now owns 13,881 shares of the medical research company’s stock valued at $1,054,000 after buying an additional 2,174 shares during the period. Norges Bank bought a new position in shares of Analogic during the fourth quarter valued at approximately $8,170,000. Finally, Summit Global Investments bought a new position in shares of Analogic during the fourth quarter valued at approximately $390,000.
A number of research firms have recently commented on ALOG. Sidoti began coverage on shares of Analogic in a research report on Monday, January 23rd. They set a “neutral” rating and a $88.00 target price on the stock. TheStreet cut shares of Analogic from a “b-” rating to a “c+” rating in a research report on Thursday, January 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $91.00.
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The Company operates through three 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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