Analogic Corp. (ALOG) Declares Quarterly Dividend of $0.10
Analogic Corp. (NASDAQ:ALOG) declared a quarterly dividend on Wednesday, September 21st. Stockholders of record on Thursday, September 1st will be given a dividend of 0.10 per share on Wednesday, October 12th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%.
Shares of Analogic Corp. (NASDAQ:ALOG) traded down 2.51% on Wednesday, reaching $89.32. 109,367 shares of the company were exchanged. Analogic Corp. has a 1-year low of $68.71 and a 1-year high of $93.73. The company has a 50-day moving average price of $88.54 and a 200 day moving average price of $82.38. The stock has a market capitalization of $1.11 billion, a PE ratio of 78.35 and a beta of 0.95.
Analogic Corp. (NASDAQ:ALOG) last released its earnings results on Wednesday, September 21st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. The firm earned $138.10 million during the quarter, compared to analysts’ expectations of $139.03 million. Analogic Corp. had a net margin of 2.71% and a return on equity of 7.83%. Analogic Corp.’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter last year, the company posted $1.28 earnings per share. On average, analysts forecast that Analogic Corp. will post $3.72 EPS for the current fiscal year.
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In other news, insider Shalabh Chandra sold 1,250 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $90.50, for a total transaction of $113,125.00. Following the completion of the transaction, the insider now owns 2,839 shares of the company’s stock, valued at approximately $256,929.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James Patrick Ryan sold 500 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $82.96, for a total transaction of $41,480.00. Following the transaction, the insider now directly owns 2,891 shares of the company’s stock, valued at approximately $239,837.36. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of ALOG. Profund Advisors LLC increased its position in Analogic Corp. by 2.5% in the second quarter. Profund Advisors LLC now owns 2,748 shares of the company’s stock worth $218,000 after buying an additional 68 shares in the last quarter. AHL Partners LLP bought a new position in Analogic Corp. during the second quarter worth approximately $226,000. BlackRock Inc. increased its position in Analogic Corp. by 274.0% in the second quarter. BlackRock Inc. now owns 3,216 shares of the company’s stock worth $256,000 after buying an additional 2,356 shares in the last quarter. Paloma Partners Management Co bought a new position in Analogic Corp. during the second quarter worth approximately $280,000. Finally, Highbridge Capital Management LLC bought a new position in Analogic Corp. during the second quarter worth approximately $373,000. 99.81% of the stock is owned by institutional investors.
Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Analogic Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. TheStreet raised shares of Analogic Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th. Finally, Brean Capital reissued a “buy” rating on shares of Analogic Corp. in a research note on Thursday, June 2nd.
Analogic Corp. Company Profile
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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