Schwab Charles Investment Management Inc. Has $8.07 Million Holdings in Analogic Corporation (ALOG)
Schwab Charles Investment Management Inc. grew its position in Analogic Corporation (NASDAQ:ALOG) by 53.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,126 shares of the medical research company’s stock after acquiring an additional 38,698 shares during the period. Schwab Charles Investment Management Inc. owned about 0.89% of Analogic Corporation worth $8,074,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of ALOG. Great West Life Assurance Co. Can raised its position in shares of Analogic Corporation by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 17,446 shares of the medical research company’s stock worth $1,324,000 after acquiring an additional 1,160 shares during the period. First Trust Advisors LP increased its stake in shares of Analogic Corporation by 194.6% during the first quarter. First Trust Advisors LP now owns 10,162 shares of the medical research company’s stock worth $771,000 after purchasing an additional 6,713 shares in the last quarter. US Bancorp DE increased its stake in shares of Analogic Corporation by 59.0% during the first quarter. US Bancorp DE now owns 1,635 shares of the medical research company’s stock worth $124,000 after purchasing an additional 607 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Analogic Corporation by 104.9% during the first quarter. Bank of New York Mellon Corp now owns 368,958 shares of the medical research company’s stock worth $28,004,000 after purchasing an additional 188,891 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Analogic Corporation during the first quarter worth about $243,000. Institutional investors and hedge funds own 99.06% of the company’s stock.
Shares of Analogic Corporation (NASDAQ:ALOG) opened at 83.95 on Friday. The stock’s market cap is $1.05 billion. The stock’s 50 day moving average is $76.13 and its 200-day moving average is $72.78. Analogic Corporation has a 1-year low of $66.00 and a 1-year high of $95.85.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Thursday, September 28th. Analogic Corporation’s payout ratio is currently -6.70%.
Separately, Jefferies Group LLC reissued a “hold” rating and set a $75.00 target price on shares of Analogic Corporation in a research note on Wednesday, September 20th.
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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