Dimensional Fund Advisors LP increased its position in Analogic Corporation (NASDAQ:ALOG) by 18.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 910,561 shares of the medical research company’s stock after purchasing an additional 143,003 shares during the period. Dimensional Fund Advisors LP owned 7.30% of Analogic Corporation worth $66,153,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Analogic Corporation in the first quarter worth $101,000. US Bancorp DE grew its stake in Analogic Corporation by 59.0% in the first quarter. US Bancorp DE now owns 1,635 shares of the medical research company’s stock worth $124,000 after purchasing an additional 607 shares during the period. State of Alaska Department of Revenue grew its stake in Analogic Corporation by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 2,469 shares of the medical research company’s stock worth $179,000 after purchasing an additional 1,089 shares during the period. Dubuque Bank & Trust Co. grew its stake in Analogic Corporation by 8.8% in the second quarter. Dubuque Bank & Trust Co. now owns 2,651 shares of the medical research company’s stock worth $193,000 after purchasing an additional 215 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in Analogic Corporation by 2.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 2,850 shares of the medical research company’s stock worth $216,000 after purchasing an additional 70 shares during the period. 99.06% of the stock is currently owned by institutional investors.
Several brokerages recently weighed in on ALOG. Jefferies Group LLC began coverage on Analogic Corporation in a research note on Wednesday, August 9th. They issued a “hold” rating and a $75.00 price target on the stock. 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. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Analogic Corporation presently has an average rating of “Hold” and an average target price of $85.25.
Shares of Analogic Corporation (ALOG) opened at 82.25 on Friday. Analogic Corporation has a 52 week low of $66.00 and a 52 week high of $95.85. The stock’s market capitalization is $1.02 billion. The company has a 50-day moving average price of $77.97 and a 200 day moving average price of $73.12.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, September 28th. Analogic Corporation’s dividend payout ratio (DPR) is presently -6.70%.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Stock Observer and is owned by of Stock Observer. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.thestockobserver.com/2017/10/13/dimensional-fund-advisors-lp-purchases-143003-shares-of-analogic-corporation-alog.html.
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.
Receive News & Ratings for Analogic Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analogic Corporation and related companies with MarketBeat.com's FREE daily email newsletter.