M&T Bank Corp Buys New Holdings in Analogic Corporation (ALOG)
M&T Bank Corp bought a new position in Analogic Corporation (NASDAQ:ALOG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,628 shares of the medical research company’s stock, valued at approximately $482,000. M&T Bank Corp owned approximately 0.05% of Analogic Corporation as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in ALOG. SG Americas Securities LLC bought a new stake in Analogic Corporation in the first quarter worth $101,000. US Bancorp DE increased its position 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 last quarter. State of Alaska Department of Revenue increased its position 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 last quarter. Dubuque Bank & Trust Co. increased its position 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 last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position 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 last quarter. 99.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Analogic Corporation (NASDAQ:ALOG) opened at 83.30 on Friday. The company’s market cap is $1.04 billion. Analogic Corporation has a 12 month low of $66.00 and a 12 month high of $95.85. The company has a 50-day moving average of $76.53 and a 200 day moving average of $72.85.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. Analogic Corporation’s payout ratio is currently -6.70%.
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Separately, Jefferies Group LLC restated a “hold” rating and issued a $75.00 price target on shares of Analogic Corporation in a research report on Wednesday, September 20th.
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.
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