Hardinge Inc. (NASDAQ:HDNG) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in shares of Hardinge Inc. (NASDAQ:HDNG) by 27.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,978 shares of the industrial products company’s stock after selling 20,794 shares during the quarter. Bank of New York Mellon Corp owned about 0.43% of Hardinge worth $855,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in shares of Hardinge by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 136,362 shares of the industrial products company’s stock worth $1,694,000 after purchasing an additional 800 shares during the last quarter. Teachers Advisors LLC raised 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 acquiring an additional 1,107 shares in the last quarter. Northern Trust Corp raised its position in Hardinge by 2.6% in the second quarter. Northern Trust Corp now owns 140,526 shares of the industrial products company’s stock worth $1,746,000 after acquiring an additional 3,575 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its position in Hardinge by 5.6% in the third quarter. Morgan Dempsey Capital Management LLC now owns 71,802 shares of the industrial products company’s stock worth $1,079,000 after acquiring an additional 3,787 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Hardinge by 55.9% in the second quarter. The Manufacturers Life Insurance Company now owns 10,846 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 3,890 shares in the last quarter. Institutional investors and hedge funds own 68.56% of the company’s stock.

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

Hardinge Inc. (NASDAQ:HDNG) traded down $1.24 during trading hours on Monday, reaching $17.02. The company’s stock had a trading volume of 44,399 shares, compared to its average volume of 49,254. The stock has a market capitalization of $236.43, a PE ratio of 22.00 and a beta of 0.88. Hardinge Inc. has a 1 year low of $9.51 and a 1 year high of $19.47.

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

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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.

Institutional Ownership by Quarter for Hardinge (NASDAQ:HDNG)

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