California Public Employees Retirement System Has $3.12 Million Stake in Analogic Corporation (ALOG)
California Public Employees Retirement System lifted its position in Analogic Corporation (NASDAQ:ALOG) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,900 shares of the medical research company’s stock after acquiring an additional 1,400 shares during the period. California Public Employees Retirement System owned about 0.34% of Analogic Corporation worth $3,117,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Analogic Corporation in the first quarter worth approximately $101,000. State of Alaska Department of Revenue increased its position in shares of Analogic Corporation by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 2,469 shares of the medical research company’s stock worth $179,000 after acquiring an additional 1,089 shares in the last quarter. Dubuque Bank & Trust Co. increased its position in shares of Analogic Corporation by 8.8% in the second quarter. Dubuque Bank & Trust Co. now owns 2,651 shares of the medical research company’s stock worth $193,000 after acquiring an additional 215 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Analogic Corporation by 2.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,850 shares of the medical research company’s stock worth $216,000 after acquiring an additional 70 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Analogic Corporation in the first quarter worth approximately $235,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.
Analogic Corporation (ALOG) opened at 80.15 on Friday. The stock’s market capitalization is $998.27 million. The stock has a 50 day moving average of $80.12 and a 200 day moving average of $73.52. Analogic Corporation has a 52-week low of $66.00 and a 52-week high of $95.85.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. Analogic Corporation’s payout ratio is -6.70%.
Several research firms have recently weighed in on ALOG. Jefferies Group LLC began coverage on shares of Analogic Corporation in a research report on Wednesday, August 9th. They issued a “hold” rating and a $75.00 target price on the stock. Zacks Investment Research raised shares of Analogic Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Tuesday, October 10th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Analogic Corporation has an average rating of “Hold” and an average price target of $85.25.
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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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