Economy

Analogic Corporation (ALOG) to Issue $0.10 Quarterly Dividend

ILLEGAL ACTIVITY WARNING: "Analogic Corporation (ALOG) to Issue $0.10 Quarterly Dividend" was reported by Week Herald and is owned by of Week Herald. Shares saw a steep increase in trading volume of 25.37% over the normal average daily volume. BlackRock Inc. now owns 1,601,037 shares of the medical research company's stock valued at $121,518,000 after acquiring an additional 1,598,108 shares during the period. William Blair Investment Management LLC acquired a new position in Analogic during the fourth quarter worth approximately $13,488,000. Vanguard Group Inc. now owns 1,112,643 shares of the medical research company's stock valued at $84,451,000 after acquiring an additional 46,112 shares during the period. As of quarter end Trexquant Investment Lp had sold a total of 10,174 shares trimming its stake by 72.8%. Short interest decreased from 536,623 to 524,448 over that timeframe. Renaissance Technologies LLC acquired a new stake in shares of Analogic Corporation in the 1st quarter valued at about $1,252,000. The value of the company's investment in Analogic Corporation decreased from $1,061,000 to $276,000 a change of 74.0% since the last quarter.

The stock last traded at $77.30 just above the 50 day moving average which is $71.75 and which is a tad above the 200 day moving average of $72.18. The company's market capitalization is $962.68 million. Analyst fixed "hold" recommendation and a $75.00 PT for the company. The value of the total investment in Analogic Corporation went from $114,000 to $341,000 a change of $227,000 quarter to quarter. Analogic Corporation's revenue was down 19.2% compared to the same quarter past year. Earnings, adjusted for pretax expenses and restructuring costs, came to less than 1 cent on a per-share basis.

09/22/2016 - Analogic Corporation had its "buy" rating reiterated by analysts at Brean Capital. The dividend was $0.100 per share for the quarter which is $0.40 annualized. Traders who own the stock with a record date on Fri, Sep 29th will get a dividend of 0.10 for a share by the medical analysis company on early Fri, Oct 13th. this indicates a $0.40 annual dividend and a payout of 0.53%. This dividend represents a yield of $0.52. Analogic Corporation's dividend payout ratio is now -12.16%.

Investors are a little more bullish on Analogic Corporation of late as shown by the fall in short interest. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and global trademark and copyright legislation. The legal version of this news story can be accessed at https://stocknewstimes.com/2017/09/16/analogic-corporation-alog-shares-sold-by-victory-capital-management-inc.html. They now have a Dollars 75 price target on the stock. 1 expert has recommended the share with a sell recommendation, around three has issued a hold recommendation and 1 have issued a buy recommendation to The corporation. The stock has an average rating of "Hold" and a consensus target price of $91.00.

Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies.

The maker of medical and security imaging equipment posted revenue of $111.6 million in the period.



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