Dimensional Fund Advisors LP Purchases 143,003 Shares of Analogic Corporation (ALOG)

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%.

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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.

Institutional Ownership by Quarter for Analogic Corporation (NASDAQ:ALOG)

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