James W. Green Sells 500 Shares of Analogic Corp. (ALOG) Stock
Analogic Corp. (NASDAQ:ALOG) CEO James W. Green sold 500 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $91.25, for a total value of $45,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Analogic Corp. (NASDAQ:ALOG) opened at 89.93 on Thursday. The stock has a market capitalization of $1.11 billion, a PE ratio of 93.68 and a beta of 0.95. 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 $89.43 and a 200 day moving average price of $82.95.
Analogic Corp. (NASDAQ:ALOG) last released its quarterly earnings data on Wednesday, September 21st. The company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.17 by $0.15. Analogic Corp. had a net margin of 2.38% and a return on equity of 7.33%. The company earned $138.10 million during the quarter, compared to analysts’ expectations of $139.03 million. During the same period last year, the business earned $1.28 earnings per share. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. Equities analysts forecast that Analogic Corp. will post $4.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Thursday, September 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date is Wednesday, September 28th. Analogic Corp.’s dividend payout ratio (DPR) is presently 41.24%.
ALOG has been the subject of a number of research analyst reports. Zacks Investment Research cut Analogic Corp. from a “hold” rating to a “sell” rating in a research note on Monday, June 27th. Brean Capital restated a “buy” rating and issued a $100.00 price objective (up from $90.00) on shares of Analogic Corp. in a research note on Thursday, September 22nd. Finally, TheStreet upgraded Analogic Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALOG. Vanguard Group Inc. raised its position in Analogic Corp. by 4.4% in the second quarter. Vanguard Group Inc. now owns 1,017,011 shares of the company’s stock valued at $80,791,000 after buying an additional 43,109 shares during the period. BlackRock Fund Advisors increased its stake in shares of Analogic Corp. by 6.2% in the second quarter. BlackRock Fund Advisors now owns 860,775 shares of the company’s stock valued at $68,380,000 after buying an additional 50,566 shares in the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Analogic Corp. by 12.2% in the second quarter. Silvercrest Asset Management Group LLC now owns 656,052 shares of the company’s stock valued at $52,116,000 after buying an additional 71,192 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Analogic Corp. by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 635,169 shares of the company’s stock valued at $50,458,000 after buying an additional 34,287 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of Analogic Corp. by 2.5% in the second quarter. Royce & Associates LP now owns 580,101 shares of the company’s stock valued at $46,083,000 after buying an additional 14,400 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors.
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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