Eagle Global Advisors LLC Has $209,000 Position in Hardinge Inc. (HDNG)
Eagle Global Advisors LLC boosted its position in shares of Hardinge Inc. (NASDAQ:HDNG) by 6.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,853 shares of the industrial products company’s stock after buying an additional 1,030 shares during the period. Eagle Global Advisors LLC owned about 0.13% of Hardinge worth $209,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. John G Ullman & Associates Inc. boosted its position in Hardinge by 48.7% in the second quarter. John G Ullman & Associates Inc. now owns 182,612 shares of the industrial products company’s stock worth $2,268,000 after buying an additional 59,802 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in Hardinge during the second quarter worth $404,000. Strs Ohio boosted its position in Hardinge by 13.8% in the second quarter. Strs Ohio now owns 49,400 shares of the industrial products company’s stock worth $613,000 after buying an additional 6,000 shares during the period. Finally, Deltec Asset Management LLC purchased a new position in Hardinge during the second quarter worth $161,000. Institutional investors own 71.64% of the company’s stock.
Shares of Hardinge Inc. (NASDAQ:HDNG) opened at 14.16 on Tuesday. The firm has a 50-day moving average of $12.42 and a 200 day moving average of $11.35. Hardinge Inc. has a 52 week low of $8.24 and a 52 week high of $14.85. The stock has a market cap of $183.16 million, a PE ratio of 488.28 and a beta of 0.93.
Hardinge (NASDAQ:HDNG) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.12. The company had revenue of $78.20 million for the quarter. Hardinge had a net margin of 0.94% and a return on equity of 4.61%. On average, equities analysts forecast that Hardinge Inc. will post $0.11 EPS for the current fiscal year.
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A number of research firms recently weighed in on HDNG. ValuEngine upgraded shares of Hardinge from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. TheStreet cut shares of Hardinge from a “c” rating to a “d+” rating in a research note on Friday, May 5th.
In related news, insider Charles P. Dougherty acquired 5,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were acquired at an average cost of $12.68 per share, with a total value of $63,400.00. Following the completion of the acquisition, the insider now directly owns 5,000 shares in the company, valued at approximately $63,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard L. Simons sold 3,900 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $11.87, for a total transaction of $46,293.00. Following the transaction, the chief executive officer now directly owns 56,752 shares in the company, valued at $673,646.24. The disclosure for this sale can be found here. 11.50% of the stock is currently owned by company insiders.
Hardinge Company Profile
Hardinge Inc (Hardinge) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines.
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