First Wilshire Securities Management Inc. reduced its position in Hardinge, Inc. (NASDAQ:HDNG) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 331,822 shares of the industrial products company’s stock after selling 6,065 shares during the period. Hardinge accounts for about 1.6% of First Wilshire Securities Management Inc.’s holdings, making the stock its 25th biggest holding. First Wilshire Securities Management Inc. owned 2.56% of Hardinge worth $5,780,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in Hardinge by 55.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,846 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 3,890 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Hardinge by 68.2% in the 3rd quarter. Wells Fargo & Company MN now owns 11,291 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 4,578 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Hardinge by 1,702.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,755 shares of the industrial products company’s stock worth $181,000 after acquiring an additional 11,103 shares during the period. Teachers Advisors LLC grew its holdings in shares of Hardinge by 5.4% in the 2nd 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 during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Hardinge in the 4th quarter worth approximately $272,000. 71.16% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine upgraded Hardinge from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
Shares of Hardinge stock traded down $0.03 during trading on Thursday, hitting $18.30. The company’s stock had a trading volume of 107,518 shares, compared to its average volume of 112,937. The stock has a market cap of $237.80, a price-to-earnings ratio of 21.58 and a beta of 0.87. Hardinge, Inc. has a one year low of $9.97 and a one year high of $19.47.
Hardinge (NASDAQ:HDNG) last issued its earnings results on Thursday, February 15th. The industrial products company reported $0.33 earnings per share for the quarter. Hardinge had a return on equity of 6.50% and a net margin of 1.84%. The business had revenue of $90.18 million for the quarter.
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Hardinge Inc, together with its subsidiaries, designs, manufactures, and distributes machine tools in North America, Europe, and Asia. The company operates through two segments, Metalcutting Machine Solutions, and Aftermarket Tooling and Accessories. It offers computer controlled metalcutting turning machines, grinding machines, machining centers, collets, chucks, index fixtures, repair parts for machines, and other industrial products, as well as engineers and supplies high precision, standard, and specialty workholding devices, and other machine tool accessories.
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