Foundry Partners LLC lessened its holdings in shares of Hardinge Inc. (NASDAQ:HDNG) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 289,980 shares of the industrial products company’s stock after selling 20,900 shares during the quarter. Foundry Partners LLC owned approximately 2.24% of Hardinge worth $4,428,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in shares of Hardinge by 55.9% during the second quarter. The Manufacturers Life Insurance Company now owns 10,846 shares of the industrial products company’s stock valued at $134,000 after buying an additional 3,890 shares during the last quarter. Rhumbline Advisers purchased a new position in Hardinge in the second quarter worth about $147,000. Deltec Asset Management LLC purchased a new position in Hardinge in the second quarter worth about $161,000. Eagle Global Advisors LLC boosted its position in Hardinge by 6.5% in the second quarter. Eagle Global Advisors LLC now owns 16,853 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in Hardinge by 5.4% in the second quarter. Teachers Advisors LLC now owns 21,745 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 1,107 shares during the last quarter. Institutional investors own 70.23% of the company’s stock.
A number of research analysts have recently weighed in on the company. ValuEngine cut Hardinge from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. TheStreet raised Hardinge from a “d+” rating to a “b” rating in a research note on Monday, August 21st.
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Hardinge Inc. (NASDAQ:HDNG) traded down $0.16 during trading hours on Wednesday, reaching $16.94. The company’s stock had a trading volume of 38,700 shares, compared to its average volume of 37,027. Hardinge Inc. has a 1-year low of $9.26 and a 1-year high of $18.00. The company has a market cap of $221.41, a P/E ratio of 20.60 and a beta of 0.93.
In related news, Director Richard R. Burkhart bought 5,000 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was purchased at an average price of $13.50 per share, for a total transaction of $67,500.00. Following the acquisition, the director now owns 15,660 shares in the company, valued at $211,410. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 11.50% of the stock is currently owned by insiders.
Hardinge Company Profile
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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