Analogic Corp. (ALOG) Stock Price Down 2.5% on Insider Selling
Analogic Corp. (NASDAQ:ALOG) shares traded down 2.5% on Wednesday after an insider sold shares in the company. The company traded as low as $88.85 and last traded at $89.32, with a volume of 114,256 shares trading hands. The stock had previously closed at $91.62.
Specifically, insider Mervat Faltas sold 1,897 shares of the stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $83.00, for a total transaction of $157,451.00. Following the sale, the insider now directly owns 7,765 shares of the company’s stock, valued at $644,495. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shalabh Chandra sold 2,650 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $90.00, for a total transaction of $238,500.00. Following the sale, the insider now directly owns 5,967 shares in the company, valued at $537,030. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.
A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Analogic Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Brean Capital reissued a “buy” rating on shares of Analogic Corp. in a report on Thursday, June 2nd. Finally, TheStreet raised shares of Analogic Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th.
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The stock’s 50-day moving average is $88.54 and its 200-day moving average is $82.38. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 78.35 and a beta of 0.95.
Hedge funds have recently modified their holdings of the company. PineBridge Investments L.P. increased its stake in shares of Analogic Corp. by 3.5% in the second quarter. PineBridge Investments L.P. now owns 1,570 shares of the company’s stock valued at $125,000 after buying an additional 53 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Analogic Corp. by 2.5% in the second quarter. Profund Advisors LLC now owns 2,748 shares of the company’s stock valued at $218,000 after buying an additional 68 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Analogic Corp. by 1.6% in the second quarter. Arizona State Retirement System now owns 6,461 shares of the company’s stock valued at $513,000 after buying an additional 100 shares in the last quarter. BlackRock Advisors LLC increased its stake in shares of Analogic Corp. by 3.4% in the second quarter. BlackRock Advisors LLC now owns 5,972 shares of the company’s stock valued at $474,000 after buying an additional 194 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Analogic Corp. by 0.9% in the second quarter. Nationwide Fund Advisors now owns 22,567 shares of the company’s stock valued at $1,793,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.
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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