Analogic Corp. (ALOG) Insider Sells $42,062.40 in Stock
Analogic Corp. (NASDAQ:ALOG) insider Shalabh Chandra sold 508 shares of the firm’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $82.80, for a total value of $42,062.40. Following the transaction, the insider now owns 2,331 shares in the company, valued at $193,006.80. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shalabh Chandra also recently made the following trade(s):
- On Friday, September 16th, Shalabh Chandra sold 1,250 shares of Analogic Corp. stock. The shares were sold at an average price of $90.50, for a total value of $113,125.00.
- On Monday, August 29th, Shalabh Chandra sold 2,650 shares of Analogic Corp. stock. The shares were sold at an average price of $90.00, for a total value of $238,500.00.
- On Tuesday, August 16th, Shalabh Chandra sold 1,250 shares of Analogic Corp. stock. The shares were sold at an average price of $86.84, for a total value of $108,550.00.
Analogic Corp. (NASDAQ:ALOG) traded up 1.16% during midday trading on Tuesday, hitting $83.05. The stock had a trading volume of 72,465 shares. The firm has a 50 day moving average of $88.84 and a 200 day moving average of $83.88. Analogic Corp. has a 52 week low of $68.71 and a 52 week high of $94.39. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 86.51 and a beta of 0.92.
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Analogic Corp. (NASDAQ:ALOG) last issued its quarterly earnings results on Wednesday, September 21st. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ 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 return on equity of 7.33% and a net margin of 2.38%. Analogic Corp.’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 earnings per share. Equities research analysts predict that Analogic Corp. will post $4.04 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 12th. Investors of record on Thursday, September 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.40 annualized dividend and a yield of 0.48%. Analogic Corp.’s payout ratio is 41.24%.
ALOG has been the topic of a number of recent analyst reports. Brean Capital reiterated a “buy” rating and set a $100.00 target price (up from $90.00) on shares of Analogic Corp. in a research note on Thursday, September 22nd. Zacks Investment Research upgraded Analogic Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd.
A number of large investors have recently modified their holdings of ALOG. PineBridge Investments L.P. boosted 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 during the last quarter. Profund Advisors LLC boosted 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 during the last quarter. Arizona State Retirement System boosted 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 during the last quarter. BlackRock Advisors LLC boosted 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 during the last quarter. Finally, Nationwide Fund Advisors boosted 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 during the last quarter. 99.81% of the stock is currently owned by institutional investors.
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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