Insider Selling: Hardinge VP Unloads 3,138 Shares of Stock (HDNG)
Hardinge (NASDAQ:HDNG) VP Douglas C. Tifft sold 3,138 shares of Hardinge stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $11.40, for a total value of $35,773.20. Following the sale, the vice president now directly owns 55,076 shares in the company, valued at approximately $627,866. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Hardinge (NASDAQ:HDNG) traded down 0.26% on Thursday, hitting $11.33. The stock had a trading volume of 328 shares. Hardinge has a 1-year low of $11.11 and a 1-year high of $16.03. The stock has a 50-day moving average of $11.97 and a 200-day moving average of $13.05. The company has a market cap of $145.3 million and a P/E ratio of 16.61.
Hardinge (NASDAQ:HDNG) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.02. The company had revenue of $78.85 million for the quarter, compared to the consensus estimate of $79.36 million. Analysts expect that Hardinge will post $0.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Thursday, August 28th.
Hardinge Inc (NASDAQ:HDNG) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metal-cutting machines.
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