M&T Bank Corp purchased a new stake in Analogic Corporation (NASDAQ:ALOG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,628 shares of the medical research company’s stock, valued at approximately $482,000. M&T Bank Corp owned about 0.05% of Analogic Corporation at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALOG. SG Americas Securities LLC acquired a new position in shares of Analogic Corporation in the 1st quarter valued at about $101,000. US Bancorp DE lifted its stake in shares of Analogic Corporation by 59.0% in the 1st quarter. US Bancorp DE now owns 1,635 shares of the medical research company’s stock valued at $124,000 after purchasing an additional 607 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Analogic Corporation by 78.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,469 shares of the medical research company’s stock valued at $179,000 after purchasing an additional 1,089 shares during the period. Dubuque Bank & Trust Co. lifted its stake in shares of Analogic Corporation by 8.8% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 2,651 shares of the medical research company’s stock valued at $193,000 after purchasing an additional 215 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in Analogic Corporation by 2.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 2,850 shares of the medical research company’s stock worth $216,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 99.06% of the company’s stock.
Analogic Corporation (NASDAQ:ALOG) opened at 81.50 on Tuesday. Analogic Corporation has a 12-month low of $66.00 and a 12-month high of $95.85. The company’s market capitalization is $1.02 billion. The stock has a 50 day moving average price of $78.48 and a 200 day moving average price of $73.13.
The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 annualized dividend and a yield of 0.49%. Analogic Corporation’s dividend payout ratio is presently -6.70%.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Analogic Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Tuesday, October 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $75.00 price target on shares of Analogic Corporation in a research note on Wednesday, September 20th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $85.25.
About Analogic Corporation
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The Company operates through three 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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