Alambic Investment Management L.P. raised its position in Hardinge Inc. (NASDAQ:HDNG) by 353.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 80,239 shares of the industrial products company’s stock after purchasing an additional 62,560 shares during the period. Alambic Investment Management L.P.’s holdings in Hardinge were worth $1,398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in shares of Hardinge by 55.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,846 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 3,890 shares during the period. Rhumbline Advisers acquired a new stake in shares of Hardinge in the second quarter valued at about $147,000. Wells Fargo & Company MN increased its position in shares of Hardinge by 68.2% in the third quarter. Wells Fargo & Company MN now owns 11,291 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 4,578 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Hardinge by 1,702.9% in the third quarter. JPMorgan Chase & Co. now owns 11,755 shares of the industrial products company’s stock valued at $181,000 after acquiring an additional 11,103 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Hardinge by 5.4% in the second quarter. Teachers Advisors LLC now owns 21,745 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 1,107 shares during the last quarter. 68.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hardinge Inc. (NASDAQ:HDNG) opened at $17.02 on Tuesday. The stock has a market capitalization of $236.43, a PE ratio of 34.04 and a beta of 0.88. Hardinge Inc. has a 12-month low of $9.51 and a 12-month high of $19.47.

Hardinge (NASDAQ:HDNG) last released its earnings results on Thursday, November 9th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $84.99 million for the quarter. Hardinge had a return on equity of 6.57% and a net margin of 2.03%.

Separately, ValuEngine downgraded Hardinge from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th.

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About Hardinge

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.

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Institutional Ownership by Quarter for Hardinge (NASDAQ:HDNG)

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