Numeric Investors LLC Increases Stake in Analogic Corporation (ALOG)
Numeric Investors LLC grew its position in shares of Analogic Corporation (NASDAQ:ALOG) by 100.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,000 shares of the medical research company’s stock after buying an additional 6,500 shares during the quarter. Numeric Investors LLC owned approximately 0.10% of Analogic Corporation worth $944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in ALOG. First Trust Advisors LP lifted its holdings in shares of Analogic Corporation by 194.6% during the 1st quarter. First Trust Advisors LP now owns 10,162 shares of the medical research company’s stock valued at $771,000 after buying an additional 6,713 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Analogic Corporation by 59.0% during the 1st quarter. US Bancorp DE now owns 1,635 shares of the medical research company’s stock valued at $124,000 after buying an additional 607 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Analogic Corporation during the 1st quarter valued at about $243,000. Karp Capital Management Corp acquired a new stake in shares of Analogic Corporation during the 1st quarter valued at about $235,000. Finally, State of Tennessee Treasury Department lifted its holdings in shares of Analogic Corporation by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 11,700 shares of the medical research company’s stock valued at $888,000 after buying an additional 1,766 shares during the last quarter. Institutional investors and hedge funds own 99.06% of the company’s stock.
Shares of Analogic Corporation (ALOG) opened at 82.70 on Thursday. The company has a 50-day moving average price of $77.62 and a 200 day moving average price of $73.05. Analogic Corporation has a 12-month low of $66.00 and a 12-month high of $95.85. The firm’s market capitalization is $1.03 billion.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 0.48%. Analogic Corporation’s dividend payout ratio (DPR) is presently -6.70%.
Several equities research analysts recently weighed in on the company. Jefferies Group LLC assumed coverage on Analogic Corporation in a report on Wednesday, August 9th. They issued a “hold” rating and a $75.00 target price for the company. Zacks Investment Research upgraded Analogic Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Analogic Corporation currently has a consensus rating of “Hold” and an average price target of $85.25.
Analogic Corporation Company Profile
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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