Hardinge Inc. (NASDAQ:HDNG) Director Buys $286,591.98 in Stock
Hardinge Inc. (NASDAQ:HDNG) Director Ryan Levenson purchased 20,211 shares of Hardinge stock in a transaction dated Tuesday, August 8th. The stock was bought at an average cost of $14.18 per share, for a total transaction of $286,591.98. Following the completion of the purchase, the director now directly owns 1,632 shares in the company, valued at approximately $23,141.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ryan Levenson also recently made the following trade(s):
- On Monday, August 7th, Ryan Levenson purchased 66,562 shares of Hardinge stock. The stock was bought at an average cost of $14.45 per share, for a total transaction of $961,820.90.
Shares of Hardinge Inc. (NASDAQ:HDNG) traded down 1.55% on Wednesday, hitting $13.97. 31,734 shares of the company were exchanged. Hardinge Inc. has a 52-week low of $8.24 and a 52-week high of $14.55. The company has a 50-day moving average price of $12.49 and a 200 day moving average price of $11.40. The firm has a market cap of $180.70 million, a P/E ratio of 481.72 and a beta of 0.93.
Hardinge (NASDAQ:HDNG) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.12. Hardinge had a net margin of 0.94% and a return on equity of 4.61%. The firm had revenue of $78.20 million for the quarter. Analysts predict that Hardinge Inc. will post $0.11 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of HDNG. Deltec Asset Management LLC purchased a new stake in shares of Hardinge during the second quarter valued at about $161,000. Strs Ohio increased its stake in shares of Hardinge by 13.8% in the second quarter. Strs Ohio now owns 49,400 shares of the industrial products company’s stock valued at $613,000 after buying an additional 6,000 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Hardinge during the second quarter valued at about $404,000. John G Ullman & Associates Inc. increased its stake in shares of Hardinge by 48.7% in the second quarter. John G Ullman & Associates Inc. now owns 182,612 shares of the industrial products company’s stock valued at $2,268,000 after buying an additional 59,802 shares during the period. Finally, Eagle Global Advisors LLC increased its stake in shares of Hardinge by 6.5% in the second quarter. Eagle Global Advisors LLC now owns 16,853 shares of the industrial products company’s stock valued at $209,000 after buying an additional 1,030 shares during the period. 71.64% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on HDNG. ValuEngine raised shares of Hardinge from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. TheStreet cut shares of Hardinge from a “c” rating to a “d+” rating in a report on Friday, May 5th.
Hardinge Inc (Hardinge) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines.
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