Hardinge Inc. (NASDAQ:HDNG) Director Ryan Levenson acquired 20,211 shares of the stock in a transaction on Tuesday, August 8th. The stock was purchased at an average cost of $14.18 per share, with a total value of $286,591.98. Following the transaction, the director now directly owns 1,632 shares of the company’s stock, valued at $23,141.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Ryan Levenson also recently made the following trade(s):
- On Monday, August 7th, Ryan Levenson acquired 66,562 shares of Hardinge stock. The stock was purchased at an average cost of $14.45 per share, with a total value of $961,820.90.
Hardinge Inc. (HDNG) traded down 1.55% during mid-day trading on Wednesday, hitting $13.97. 31,734 shares of the stock were exchanged. The company has a 50-day moving average price of $12.49 and a 200-day moving average price of $11.40. The company has a market cap of $180.70 million, a P/E ratio of 481.72 and a beta of 0.93. Hardinge Inc. has a one year low of $8.24 and a one year high of $14.55.
Hardinge (NASDAQ:HDNG) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.12. The business had revenue of $78.20 million for the quarter. Hardinge had a return on equity of 4.61% and a net margin of 0.94%. On average, analysts predict that Hardinge Inc. will post $0.11 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in HDNG. Deltec Asset Management LLC bought a new stake in shares of Hardinge during the second quarter worth $161,000. John G Ullman & Associates Inc. boosted 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 worth $2,268,000 after buying an additional 59,802 shares during the period. Eagle Global Advisors LLC boosted 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 worth $209,000 after buying an additional 1,030 shares during the period. Royce & Associates LP boosted its stake in shares of Hardinge by 3.9% in the second quarter. Royce & Associates LP now owns 1,114,105 shares of the industrial products company’s stock worth $13,837,000 after buying an additional 41,886 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Hardinge by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 76,772 shares of the industrial products company’s stock worth $953,000 after buying an additional 1,027 shares during the period. Hedge funds and other institutional investors own 71.64% of the company’s stock.
Several analysts have issued reports on HDNG shares. TheStreet downgraded shares of Hardinge from a “c” rating to a “d+” rating in a research report on Friday, May 5th. ValuEngine raised shares of Hardinge from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st.
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.
Receive News & Ratings for Hardinge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hardinge Inc. and related companies with MarketBeat.com's FREE daily email newsletter.