First Manhattan Co. raised its position in shares of Hardinge Inc. (NASDAQ:HDNG) by 431.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,950 shares of the industrial products company’s stock after buying an additional 30,000 shares during the period. First Manhattan Co. owned about 0.29% of Hardinge worth $458,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Deltec Asset Management LLC purchased a new stake in shares of Hardinge during the second quarter worth $161,000. Eagle Global Advisors LLC raised its position in 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 last quarter. Municipal Employees Retirement System of Michigan bought a new position in Hardinge during the second quarter valued at approximately $404,000. Strs Ohio raised its position in 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 last quarter. Finally, John G Ullman & Associates Inc. raised its position 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 in the last quarter. 71.82% of the stock is owned by institutional investors and hedge funds.
Shares of Hardinge Inc. (NASDAQ HDNG) traded down 1.45% during trading on Friday, reaching $13.60. The company’s stock had a trading volume of 34,567 shares. The firm has a market capitalization of $176.11 million, a P/E ratio of 62.39 and a beta of 0.93. The company has a 50 day moving average price of $12.94 and a 200 day moving average price of $11.60. Hardinge Inc. has a 52 week low of $8.24 and a 52 week high of $14.85.
TRADEMARK VIOLATION WARNING: “First Manhattan Co. Boosts Stake in Hardinge Inc. (NASDAQ:HDNG)” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2017/08/19/hardinge-inc-nasdaqhdng-stake-raised-by-first-manhattan-co-updated.html.
Several research analysts recently issued reports on the company. ValuEngine lowered Hardinge from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. TheStreet downgraded Hardinge from a “c” rating to a “d+” rating in a research note on Friday, May 5th.
In other news, CEO Richard L. Simons sold 3,900 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $11.87, for a total transaction of $46,293.00. Following the completion of the sale, the chief executive officer now directly owns 56,752 shares in the company, valued at approximately $673,646.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ryan Levenson acquired 66,562 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average price of $14.45 per share, with a total value of $961,820.90. Following the completion of the acquisition, the director now owns 1,632 shares in the company, valued at $23,582.40. The disclosure for this purchase can be found here. Insiders acquired a total of 178,546 shares of company stock valued at $2,560,476 over the last quarter. 11.50% of the stock is currently owned by insiders.
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.
What are top analysts saying about Hardinge Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Hardinge Inc. and related companies.